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Recent Articles

May
01
2020
Borrowers risk losing their homes as unpaid mortgage bills pile up
By Jeff Lazerson More than 30 million jobless claims have been filed since the pandemic started, with 7% of mortgage borrowers skipping payments. No one should be worried about losing their home, Federal Housing Finance Agency Director Mark Calabria said on Monday, April 27...
Apr
29
2020
Can I Still Get A Mortgage If I Lost My Income Due to COVID-19?
Unfortunately, our unemployment rate has risen significantly these past weeks, and it appears that it may continue this trend a bit longer before it starts to de-escalate. What does that mean for home buying hopefuls? How does losing your job affect your ability to get approved for a...
Apr
24
2020
How to navigate mortgage application landmines during a pandemic
How to navigate mortgage application landmines during a pandemic By Jeff Lazerson Boy, that was fast! In a matter of weeks, year-over-year home price appreciation rates in two big California metros made a U-turn, escrow contracts shrunk and millions of jobs have disappeared. The...
Apr
22
2020
Alternatives To Forbearance for Paying Your Mortgage
In our last post, we shared details about the CARES ACT --the new government law that helps to ease the burden of mortgage payments during the Coronavirus. If you missed that post, search our archives to learn more about who qualifies. Although there are many benefits to the CARES ACT,...
Apr
17
2020
Will mortgage servicers get a Hail Mary line of credit like borrowers?
Tough choices for many low-equity borrowers: refi, fire-sale, forbearance or foreclosure. Too many mortgage servicers and mortgage borrowers find themselves in a frightening bind because of government actions to contain the novel coronavirus. Massive job losses have...
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