Federal housing agencies and government-sponsored enterprises Fannie Mae and Freddie Mac are responding to the COVID-19 outbreak with multiple relief programs for homeowners experiencing hardship due to illness and job loss. 60-Days Forbearance on … [Continue reading]
What’s Ahead For Mortgage Rates This Week – April 6th, 2020
Last week’s economic reporting included readings on pending home sales, Case-Shiller Home Price Indices, and Bureau of Labor Statistics reports on national unemployment. Weekly readings on mortgage rates and first-time jobless claims were also … [Continue reading]
The Department Of Veterans Affairs Is Allowing Drive-by Appraisals Because Of COVID-19
The COVID-19 (Coronavirus) pandemic has impacted every industry across the country. Many people are being asked to shelter in place and everyone has been asked to practice social distancing to try to curtail the spread of this deadly virus. The … [Continue reading]
Mortgage Crisis and Fed Unintended Consequences
Credit for article to MBS Highway The Coronavirus Meltdown The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing … [Continue reading]
Case-Shiller: January Home Price Growth Strong; Pandemic Impact Unknown
United States home prices increased by 3.90 percent year-over-year in January as compared to December’s growth rate of 3.70 percent according to Case-Shiller’s National Home Price Index. Home prices also rose in Case-Shiller’s … [Continue reading]
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