Renting

Analysis: Rising U.S. yields could spur mortgage-related selling of Treasuries – Reuters

Analysis: Rising U.S. yields could spur mortgage-related selling of Treasuries  Reuters

The selling season that never ends

With pandemic conditions in place for a second spring, lenders and brokers discuss the indicators that will reveal whether the market is shifting away from the traditional selling season to one that runs hot throughout the year.

FHFA Extends Forbearance Periods an Extra Three Months

Posted To: MND NewsWire

Most of the accommodations that have been allowed lenders and borrowers by the Federal Housing Finance Agency (FHFA) due to the COVID-19 pandemic were modified or extended this past week. FHFA, the regulator and conservator of the GSEs Fannie Mae and Freddie Mac, extended eligibility for mortgage forbearance by three months. Forbearance allows homeowners who are financially impacted by the pandemic, to temporarily reduce or forego mortgage payments. It has been available for three-month terms with extensions available up to a total of 12 months. Existing plans would begin reaching that deadline at the end of March but FHFA has now authorized an additional three-month term , a total of 15 months. An estimated 2.7 million homeowners are in active plans. The COVID-19 Payment Deferral allows forborne…(read more)

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Should You Buy a New Home or an Old Home?

It’s time for another match-up, this time we’ll compare buying a new home versus purchasing an old one. For the record, some home builders refer to existing homes as “used,” which sounds kind of silly considering we’re talking about a house and not a car. Ultimately, it’s a marketing gimmick to sway you toward buying [&hellip

The post Should You Buy a New Home or an Old Home? first appeared on The Truth About Mortgage.

Can you sell your house after refinancing?

You can sell your house after refinancing, but there might be a waiting period. You typically can’t refinance while the house is listed for sale, though.

IT Jobs; VOE, CRM, Non-QM Products; Conventional Conforming News; CPI: No Inflation Worries

Posted To: Pipeline Press

Here we are in the seemingly 58 th week of 2020. What’s new? The podcast of today’s commentary features thoughts from the Millennial host on how lenders can address that market, and it can be heard via Apple , Spotify , or Google : subscribe and download. In terms of news, the FHFA extended forbearance protection past March. (More below on that.) And rating agency Moody’s view is that the CFPB’s recent changes to the QM rules would “allow lenders to qualify more types of loans as QM, resulting in a non-QM market with loans of lower credit quality, since most of today’s higher-quality non-QM loans would qualify as QM under the new rules, making future non-QM more synonymous with non-prime… the rule, if implemented could incentivize some lenders to price riskier loans…(read more)

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Watermark Home Loans Review: Loan Amounts Up to $10 Million

If you’ve been comparing mortgage rates and shopping your home loan lately, you may have encountered “Watermark Home Loans” along the way. They advertise quite a bit on some of the mortgage comparison websites, but aren’t necessarily a household name like some of the bigger guys. Of course, bigger isn’t always better, nor does it [&hellip

The post Watermark Home Loans Review: Loan Amounts Up to Million first appeared on The Truth About Mortgage.

Mortgage rates drop to another record low – CNN

Mortgage rates drop to another record low  CNN