Browsing Tag:COVID

fha-declares-waivers-to-the-evaluate-necessities-for-covid-advance-mortgage-modification-weiner-brodsky-kider-pc
On August 5, 2021, the FHA issued the following waivers: (1) Partially waiving the borrower screening requirements for their COVID-19 Advance Loan Modification; and (2) partial waiver of reconsideration of borrower requirements for COVID-19 mitigation recovery options. The waivers cover the mortgage holder's timeframe and the borrower's eligibility for any required review or re-examination for the COVID...
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cu-economist-says-rising-covid-issues-pushing-down-curiosity-charges
Source: Shutterstock.The latest report from the CUNA Mutual Group said lower interest rates are being driven by market expectations that it will take Americans longer to achieve herd immunity to COVID-19 than previously expected.In February, CUNA and the CUNA Mutual Group forecast that the 10-year treasury rate would increase from 0.90% in the fourth quarter of 2020 to 1.50%...
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fha-hud-close-to-present-deadlines-for-ending-covid-flexibilities
March 2020, the President of the United States declared a national emergency in connection with the COVID-19 pandemic. Not long after that, the FHA and the HUD released details of revised FHA loan procedures designed to reduce the risk of COVID-19 spreading.These changed procedures included modified employment reviews, appraisal processes and appraisal protocols such as: B. only external...
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first-sub-1pc-mortgage-fee-since-covid-to-launch
Lenders maintained a risk-averse stance throughout the pandemic last year, closing deals for those with small deposits. However, this attitude has started to reverse and the market has reopened.Aaron Strutt of mortgage lender Trinity Financial said rates are already low, but a sub-1 percent deal will add "further positivity" to the market. "When one lender brings out...
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rockport-mortgages-john-dromey-talks-fha-lending-by-covid-industrial-observer
T.The COVID-19 pandemic has accelerated many real estate trends and has also placed greater emphasis on certain subsectors of the industry, including affordable housing. Rockport Mortgage is a leading provider of Federal Housing Administration (FHA) loans to finance affordable, marketable housing, health care and assisted living facilities. The last year has been the busiest for the company. ...
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covid-pandemic-helps-push-mortgage-fee-down-35-in-2-years-san-bernardino-solar
No elixir compares to the collapse in mortgage rates when it comes to dramatic increases in home prices with more, not less, affordability.Last week, Freddie Mac announced that the 30-year fixed rate hit a record low for the 14th time. And the 15-year-old Freddie fixed rate recently hit a record low for the tenth time.What does this mean...
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the-equitable-mortgage-company-a-high-mortgage-dealer-in-bonita-springs-provides-insights-on-new-fha-pointers-throughout-covid-press-launch
Bonita Springs, FL - Buying a home or refinancing a mortgage loan is a dream that many people chase. However, it can be difficult to find a mortgage broker to support these dreams. At The Equitable Mortgage Corporation, the team understands that every customer is different in terms of their needs, financial standing, preferences, budget and income....
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