On Wednesday, the Department of Housing and Urban Development announced that the Federal Housing Administration is providing a two-month extension of its foreclosure and eviction moratorium through August 31, 2020. This is the second extension the FHA has enacted since
FHFA extends foreclosure moratorium to end of August
The Federal Housing Finance Agency on Wednesday extended the foreclosure and eviction moratorium for borrowers with mortgages backed by Fannie Mae and Freddie Mac until “at least” Aug. 31, the federal watchdog said. “During this national health emergency no one
42% of people who bought homes during the pandemic engaged in a bidding war
The COVID-19 pandemic upended just about everything this year, and that includes much of the home-buying process. A new study from Clever revealed that homebuyers who bought between January and May this year are twice as likely to have anxiety
[PULSE] Stevens on nonbank membership in the FHLB system
The Urban Institute recently published an article about FHLB (Federal Home Loan Bank) membership. In their review, they state how nonbanks align with the FHLB mission, but also focus in on a lack of oversight and the challenge to safely
7 Home Inspection Nightmares and How to Fix Them
Closing on a home is exciting, but sometimes you encounter “inspection nightmares” that can break the deal. As a seller, inspection surprises can force you to spend thousands of unexpected dollars to get your house on the market. As a
Economy needs more help from Congress, Powell says
Failure to provide additional legislative support to an economy reeling from COVID-19 will worsen the inequality that has led to mass protests in America in recent weeks, lead to more small-business failures, and extend the recession, Federal Reserve Chairman Jerome
Purchase applications reach highest level in over 11 years
A seasonally adjusted index measuring purchase applications jumped 8% last week, according to a report from the Mortgage Bankers Association. While the week prior saw the seasonally adjusted index rising to its highest level since January, this week the MBA
Decluttering and Downsizing: A Guide for Seniors and Their Loved Ones
There are all kinds of benefits to downsizing in your golden years — lower energy bills, a smaller space to clean and maintain, and the potential of moving closer to loved ones. It’s a wonderful way to open the door
Bidding Wars Climb in May as Coronavirus Intensifies Housing Shortage
Half of Redfin offers faced competition, up from 44% in April. In May, 49.4% of Redfin offers faced competition, up from 43.9% during the prior month. While sellers are jumping back into the market as states across the country reopen,
8 Interior Design Ideas to Help Make You Happier at Home
The outside world can be stressful and uncertain – especially right now. Additionally, our personal priorities pull us in many directions, from work calls and meetings to children’s activities, online schooling, and just the normal rigors of life. That’s why
Interest in Single-Family Homes Hits Four-Year High
Web searches for single-family homes have popped as the coronavirus pandemic has turned privacy into a hot commodity. Online searches for single-family homes rose to the highest level in four years last month. This comes as the coronavirus pandemic drives
How To Make Money In Real Estate And Get Rich?
There is no short cut to make money in real estate or to get rich quickly, but you can slowly and steadily build wealth through successful real estate investing. Investing in real estate stands out as a tried and tested
Houston Real Estate Market 2020 Overview
We will discuss the latest Houston real estate market trends & news and find out how they can affect the investors and homebuyers in the latter half of 2020. The housing market has been impacted by the pandemic and slumping oil prices
How To Buy A Rental Property: 13 Tips For Beginners
Looking to purchase and profit from a rental property? In this article, we’re going to give you some important tips on how to buy a rental property. These are the steps every budding property investor should take to pick a
LGBT Home-Buyers Are Getting Priced Out of Areas With Legal Protections From Discrimination
Areas that offer laws against discrimination in housing come with a higher price tag, meaning LGBT buyers who can’t afford to live in those places must forego the protections. Go to Source Author:
Best Ways To Consolidate Your Debts In The Crisis of Coronavirus 2020
Debt consolidation means getting a new loan to pay off all your debts through a single payment plan. With the help of debt consolidation, you can also pay off multiple unsecured loans from credit cards, medical bills, personal loans, payday loans,
Housing professionals, you have the tools – Now use them
Yesterday’s opening day of engage.marketing was very tactical, but Day 2 really doubled down on actionable tactics that any Realtor, loan officer or industry pro can implement right away. The day started out with a bang with some of the
Homesnap introduces concierge lead-gen service to real estate agents
Real estate tech company Homesnap introduced Homesnap Pro+ Concierge, which uses machine learning to run custom ads on Facebook and Google and deliver pre-qualified leads, Homesnap said. Homesnap Pro is the industry-facing version of the Homesnap platform built specifically for
Should the Federal Reserve stick with its zero interest-rate policy forever?
The Federal Reserve’s two-day policy meeting that ended on Wednesday left rates unchanged and gave a strong indication that it will not raise interest rates for a long time. Back in August of 2015, when the Fed began hinting about
Mortgage forbearances fall for the second straight week
The number of mortgages in forbearance fell for the second consecutive week, Black Knight said in a report on Friday. The number of loans with suspended payments dropped to 4.66 million this week from 4.73 million, the mortgage data firm
Housing Tech Rundown: The latest industry partnerships
Though competition can be fierce in the housing tech space, the industry is seeing more companies reaching out for partnerships to harness each other’s strengths. Companies contributing to new relationships this week include MountainSeed with Kabbage, Ally Lending with Authority
Ithaca, New York says it will cancel rent payments
Ithaca, New York has become the first city in the U.S. to cancel rent payments in response to COVID-19. A new resolution now allows Ithaca’s Mayor Svante Myrick to cancel rent debt from the last three months for tenants and
Mortgage rates tumble to an all-time low
The average rate for a 30-year conforming fixed-rate mortgage fell to a record low of 3.1%, on Thursday, according to data from Optimal Blue. It came after a rocky ride that saw rates jump to a one-month high on the
Google will make it impossible for lenders and Realtors to target consumers based on ZIP code, demographics
Google announced it is tightening its policies, prohibiting employment, housing and credit advertisers from targeting or excluding ads based on certain demographics and ZIP codes. The company explained that it has long prohibited advertisers from targeting users based on “sensitive categories”