Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to three months, the Federal Housing Finance Agency announced Tuesday. FHFA forbearance plans initially had a 12 month expiration date, however, the government entity is now allowing borrowers up to 15 months of coverage. According
Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index rose 2% to 124.6 last month, still hovering near
Metro Brokers – Craig McClelland McClelland was a top Realtor before starting a small independent firm in Atlanta after his first year in the business. He grew the firm to 23 offices with 1,100 agent before selling the company at the end of 2007. McClelland joined Metro Brokers in April
Nominations for HousingWire’s 2021 Rising Stars opened today! HW Rising Stars are industry professionals under 40 who have become leaders in their respective fields of housing. Last year’s list of award recipients was made up of impressive leaders who are making waves in the housing industry. 2020 Rising Star Maggie
Demand for second and vacation homes has risen 84% year over year – more than double the demand for a primary home, according to a new report from Redfin. That follows a startling trend of high vacation home demand, continuing an eight-month streak of more than 80% and includes a
Mega Capital Funding just became the latest company to re-enter the non-Qualified Mortgage space with the launch of several new product lines. Its new “Mega Elite” non-QM and debt service coverage ratio product lineup includes alternative income documentation products such as its three- and 12-month bank statement products, CPA and
A large partnership of housing and civil rights organizations reached out on Monday to congressional leaders advocating for further relief for homeowners in the next COVID-19 stimulus package. The letter was signed by representatives of more than 350 housing and civil rights organizations, including American Bankers Association, Mortgage Bankers Association,
Mortgage forbearance is still a reality for many borrowers and servicers, more than 10 months after the Coronavirus Aid, Relief and Economic Security Act (CARES Act) took effect last March. Under the CARES Act, mortgage servicers must offer up to 12 months of forbearance, in up to 180-day increments, to
Real estate is an attractive field for experienced and aspiring entrepreneurs alike. Many of them are determined to make an impact in industries that have yet to be significantly modernized by technology. The urge to innovate in real estate is only natural — any homebuyer or seller who is a
The dawn of a new presidency draws fresh hope and promise for the direction of our country. Catalyzing this optimism for many is President Biden’s housing plan to address the racial wealth and homeownership gap in the U.S. While many Americans are encouraged by the recent executive order redressing our nation’s — and the
More money : Real estate sales were off the charts in 2020, with more houses selling than in recent years and closing at a faster rate. · Plane crash: …
Once the shutdown ended, real estate sales were reportedly off the charts, with more houses selling than in recent years and sales closing at a faster …
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