A look at past pandemics and economic shocks provides hope for recovery. Like most of the news surrounding the COVID-19 global pandemic, reports about the U.S. housing market have been discouraging. Year-over-year listings of homes for sale have plummeted –…
Like most of the news surrounding the COVID-19 global pandemic, reports about the U.S. housing market have been discouraging. Year-over-year listings of homes for sale have plummeted – in the worst-hit markets like New York City, listings are down 80%…
One month. Just 31 days. That’s all it took to change everything. March 2020 will long be remembered as the month that the coronavirus nearly broke the U.S. housing finance system. It’s pretty crazy how much things can change in just a few…
On March 19, California became the first state to issue a stay-at-home edict to halt the spread of COVID-19. While this resulted in shutting down much of the local economy, California’s housing and mortgage markets continued to operate, albeit within…
With real estate deemed an essential service in many U.S. states, and potential buyers under orders to stay at home, agents are showing properties the only way they can during the COVID-19 pandemic: Virtually. It’s a service that’s growing in…
"Despite numerous challenges, buyers are still house hunting and lenders are still originating purchase loans". At iFinance Mortgage Inc, we are still taking applications and closing loans. We are working very conscientiously, even amongst ever-changing guidelines and requirements, to keep…
Please join us in welcoming the newest addition to our work family - loan officer and mortgage specialist, Richard G. Hiskey. Richard has a vast background in the real estate and finance world, even possessing his MBA. He genuinely cares…
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency surprised the mortgage business Tuesday evening when they announced that banks will soon be able to postpone getting an appraisal for…
Federal regulators this week adopted an interim final rule deferring the requirement for banks to get appraisals on properties until up to 120 days after a mortgage is closed. The change was announced by the Treasury Department’s Office of the Comptroller…
Mortgage rates were stable to lower this week as the coronavirus pandemic continues to slow all aspects of mortgages underwriting and home buying. The benchmark 30-year fixed-rate mortgage stayed flat at 3.58 percent, according to Bankrate’s weekly survey of large lenders…
