A recent report from Goldman Sachs suggested that a record-shattering number of people are filing for unemployment as the coronavirus cripples the nation’s economy. That’s why there’s likely going to be a giant surge in delinquent mortgages as many borrowers…
In an emergency, planning can be the difference between getting home quickly or days or weeks of delays. Read the complete article with helpful suggestions from Travelers United here.
As America has been focused on COVID-19, sheltering in place, and counting the dead in Italy, gas prices are falling. Experts expect that the average price of gas will drop to less than $2 across the country. In a normal…
The mortgage industry’s biggest trade and lobbying groups are banding together to push the federal government for widespread relief for all borrowers affected by the coronavirus outbreak in the U.S. In a letter sent this week to the White House…
Cities and states across the country are already suspending evictions and foreclosures in response to the spread of the coronavirus, but the federal government is taking the biggest step so far to keep people in their homes. President Donald Trump…
What does the Federal Reserve cutting its target interest rate to near zero percent mean for mortgages? This is the second emergency rate cut in two weeks, and brings the federal funds rate to between 0% and 0.25%. It's designed to stimulate the economy by making…
Treasury Secretary Steven Mnuchin told Congress on Wednesday that the Internal Revenue Service will delay the April 15 tax-filing deadline to help Americans cope with the economic fallout of the coronavirus pandemic. Read the full story here.
It probably won’t come as a surprise to those in the mortgage business that the fourth quarter of 2019 was a big one, considering that originations continued to rise throughout the year thanks to near-historic lows in mortgage rates. At…
As housing inventory continues to dwindle, more and more homebuyers are facing affordability challenges due to rising home price appreciation, said NAR Chief Economist Lawrence Yun. “It is challenging – especially for those potential buyers – where we have a…
Supply shortage is choking the housing market and driving up prices. Mortgage rates at three-month lows and a strong jobs market can’t help buyers if there aren’t enough homes to purchase. Read the full article here.
