First time buyers who’ve always stayed current on their rent might have a better chance of securing a mortgage now. That’s because Fannie Mae is now allowing lenders to factor in an applicant’s rental payment history as part of the mortgage underwriting process for the first time. The move was announced by the Federal Housing
Landlords come up with novel ways to collect the rent
May 28, 2020 by
Landlords are getting creative in order to collect their rental payments during the COVID-19 crisis, according to a report in Forbes.com. Even though the pandemic has sent unemployment skyrocketing, landlords are getting by thanks to flexible payment terms and other incentives to help their tenants pay the rent. Ellie Perlman’s company Blue Lake Capital LLC
BoA Launches Mortgage to Lease Program
March 26, 2012 by
Last week, Bank of America announced that for a select group of homeowners currently facing foreclosure, they would have the option to remain in their homes after all. The catch? They don’t actually get to keep their homes… they have to rent it from the bank instead.
