During a pandemic, it is more important than ever that housing and finance professionals understand the nature of our reactions to trauma and how to provide leadership to both grow your business and support your communities. As the bedrock of…
With the coronavirus continuing to wreak havoc across the country, the nation’s two largest sources of mortgage funding are taking additional steps to address issues that currently exist within the lending process. Fannie Mae and Freddie Mac announced Tuesday that…
Coming home from work, slipping into a bathing suit, and jumping into a crystal clear pool sounds great, right? The only thing that could make it better would be following it up by relaxing in the adjoining hot tub. Homes…
According to the Department of Labor, nearly 3.3 million people filed for unemployment in the week ending March 21, 2020, an increase of more than 3 million from the week before (282,000 to 3.28 million). We at iFinance Mortgage Inc.…
The Senate passed a $2 trillion federal rescue package that’s expected to be approved quickly by the House of Representatives after Republicans agreed to oversight measures including a ban on President Donald Trump or his family receiving funds. The largest-ever…
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…
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…
One of the biggest events in a real estate transaction is the closing, when all parties sign the final contracts and ownership (and the key) is officially turned over to the buyer. But what happens when you have a busy…
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…
