Real Estate Marketing & Beyond

Mortgage, Real Estate

Spike in foreclosures is unlikely, analysts say

By Mike Wheatley | July 8, 2021

Mortgage

Mortgage servicers brace themselves as forbearance programs edge towards expiration

By Mike Wheatley | July 5, 2021

Mortgage servicers are preparing for a wave of delinquent mortgages and possible foreclosures to hit the market, but say they have already taken steps to mitigate their impact. The U.S. government made mortgage forbearance available to any home loan borrowers in the early days of the COVID-19 pandemic, and those who took up the option […]

Featured News, Mortgage

Foreclosure activity to resume in July, some banks say

By Mike Wheatley | May 31, 2021

Some of America’s biggest banks have said they’ll start resuming foreclosures on delinquent mortgages this summer when COVID-19 forbearance programs expire. The Mortgage Bankers Association says over 2.1 million American homeowners are still in forbearance plans that suspend their mortgage payments and protect them from eviction. Meanwhile, around 1.8 million more are not in forbearance […]

Mortgage

FHA extends mortgage forbearance deadline

By Mike Wheatley | October 27, 2020

Homeowners who have an FHA-insured mortgage and are facing financial hardship due to the COVID-19 pandemic have been given an extension until Dec. 31 to submit an initial request for forbearance. The US. Department of Housing and Urban Development said last week it has decided to extend a deadline that was originally set to expire […]

Mortgage

1 million mortgage borrowers haven't asked for forbearance

By Mike Wheatley | September 24, 2020

Research shows that a little over a million homeowners who are at least 30 days past due on their mortgage payments haven’t entered into a mortgage forbearance program or engaged with their lender about some other form of assistance. The research came from Black Knight, a mortgage data company, the Wall Street Journal reported. The […]

Mortgage, Real Estate

Fannie Mae & Freddie Mac to allow post-forbearance payments

By Mike Wheatley | May 17, 2020

Mortgage servicers Fannie Mae and Freddie Mac have said in a joint announcement that homeowners in forbearance will be able to request deferrals on their payments, and add any missed payments onto the end of their loan term without any penalty or additional interest. Forbearance simply gives homeowners who’re struggling to pay their mortgages a […]

Mortgage

Experts warn against blindly accepting mortgage forbearance

By Mike Wheatley | April 21, 2020

Left unable to work due to the coronavirus pandemic, around 2 million American homeowners have sought to apply for mortgage forbearance from their providers. But experts warn that they should look closely at the terms they’re offering, or they could be in for a nasty shock in the months to come. The problem is that […]

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