Purchase

The pandemic has caused a surge in demand for vacation homes

The COVID-19 pandemic appears to have inspired more people to look at buying a vacation home, according to a new analysis of mortgage data by the online real estate brokerage Redfin. In its analysis, Redfin found that mortgage applications for second homes jumped by 84% in January, compared to one year ago. And in September […]

The post The pandemic has caused a surge in demand for vacation homes appeared first on RealtyBizNews: Real Estate News.

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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A Points Collector’s Guide to Air France-KLM

Flying Blue is a joint loyalty program of two European airlines: Air France (headquartered at Charles de Gaulle Airport in France) and KLM (headquartered in Amsterdam Airport Schiphol in the…

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.