Browsing Tag:Coronavirus

how-reverse-mortgage-counseling-has-needed-to-change-throughout-coronavirus
Understandably, the advice is an element of the reverse mortgage transaction that has been noticeably affected by the COVID-19 coronavirus outbreak.Reverse mortgage industry actors at all levels frequently report how older customers prefer to conduct financial business transactions through face-to-face interactions, but given the recommendations and directions of local, state, and federal agencies up to and including the Centers...
Continue reading
0 Comments
Share
coronavirus-makes-jumbo-mortgages-unattractive-for-lenders
(iStock)For the first time in five years, the interest rates for so-called jumbo mortgages are higher than the historically low interest rates for smaller traditional mortgages.According to the Wall Street Journal, this is a sign that lenders are now viewing smaller loans as safer as the federal government stepped in to keep the mortgage market amid the coronavirus pandemic.Home...
Continue reading
0 Comments
Share
coronavirus-assist-and-jumbo-mortgage-loans-are-you-able-to-pause-funds
Fox Business Briefs: Coronavirus Pandemic Forcing Millions of Americans to Delay Mortgage Payments Under Government Program; According to reports, Lord & Taylor are investigating bankruptcy as stores remain closed.Get the latest coronavirus news and more delivered to your inbox every day. Sign up here.Millions of Americans have interrupted their mortgage payments - but the guidelines for relief...
Continue reading
0 Comments
Share
reverse-mortgage-pricing-fluctuates-throughout-coronavirus-pandemic
Home Equity Conversion Mortgage (HECM) loan prices have fluctuated in recent days due to the impact of the COVID-19 coronavirus pandemic. Reverse mortgage brokers and originators reported declines in both basis points and investor activity related to trading bonds and other financial products.According to several brokers and originators, pricing for proprietary products has also reportedly been hit by...
Continue reading
0 Comments
Share
the-scary-jumbo-mortgage-debacle-is-right-here-due-to-the-coronavirus-and-able-to-pound-the-housing-market
Back in January, my column for Marketwatch described the massive danger jumbo mortgages pose to the US mortgage and real estate markets. After months of efforts to combat the effects of COVID 19, the potential jumbo mortgage disaster is clearer than ever. Jumbo mortgages are loans that are in excess of the guarantees or insurance provided by Fannie...
Continue reading
0 Comments
Share
bond-yields-and-mounted-charges-falling-additional-on-coronavirus-fears
It was an unusually rough Monday for countless investors as the TSX slumped more than 280 points on renewed coronavirus fears, which in turn pushed fixed mortgage rates further down.With new outbreaks of the virus in Italy, South Korea and Iran, the World Health Organization seems to be getting closer and closer to officially explaining the outbreak.This resulted in...
Continue reading
0 Comments
Share