Day: March 7, 2021

The housing market has seen stable recovery, but a flood of foreclosures to hit the industry is in anticipation of 2021. About one-third of all Americans have missed housing payments in July. Entering into month five, August saw a 9 percent decrease in early-stage delinquencies. According to a consumer report by TransUnion, accounts in financial … Read more

According to the Mortgage Bankers Association, there was an increase in mortgage applications to a 1.7 percent gain from the previous week, after consecutive declines. Positive mortgage activity plays into the surge of expensive home sales in the third quarter at a 41.5 percent increase. This gain is the largest year-over-year in seven years. Home … Read more

For the fifth year in a row, the Federal Housing Finance Agency (FHFA) released a new maximum for conforming loan limits on mortgages that will be acquired by Fannie Mae and Freddie Mac in 2021. Starting January 1st, the new baseline is $548,250 for one-unit properties – an average increase of 7.42 percent, or $37,850 higher than … Read more

Experts are chiming in on the outlook of how mortgage rates and pricing could change shortly. After a historic year for the mortgage industry and high demand, a positive outlook for 2021 real estate remains. There are many factors to consider, and as Money.com says, expect the unexpected. Many experts suspect a vaccine can become available to … Read more

As of September 2020, CNBC reported that 26 percent of Americans took advantage of payment deferment plans. As of late, almost 4 million homeowners have left the home mortgage forbearance program. Forbearance plans helped many households manage during the pandemic. Many Americans are wondering what happens when the forbearance period ends? Many homeowners who have … Read more