by RealtyBizNews | Jul 10, 2020 | Mortgage, pre-approval, pre-qualification, Real Estate, Real Estate News
With home sellers nervous about the coronavirus, many are trying to limit the number of interested buyers from walking through the door for an in-person tour. As a result, some real estate agents have suggested to their clients that they limit in-person tours to...
by RealtyBizNews | Jul 6, 2020 | credit, Fair Isaac, FICO Resilience Index, FICO score, Mortgage, Real Estate, Real Estate News
Fair Isaac Corp., the organization that created the widely used FICO credit score implementation, has created a new credit index that it says should help more people to qualify for a home loan. The new FICO Resilience Index is intended to supplement the FICO score,...
by RealtyBizNews | Jul 2, 2020 | COVID-19, FHFA, Mortgage, Real Estate, Real Estate News
As federal protections for landlords near their expiration date, the Federal Housing Finance Agency is offering additional help due to the ongoing COVID-19 pandemic. On Monday the FHFA said that multifamily property owners who’re currently in forbearance will be able...
by RealtyBizNews | Jun 24, 2020 | Mortgage, mortgage bailouts, mortgage relief, Real Estate News, US Real Estate
The number of homeowners who need mortgage relief has fallen for the third consecutive week in what experts say is a promising sign of the real estate market’s long-term health. As of June, 4.6 million homeowners were in forbearance, which is about 8.7% of all active...
by RealtyBizNews | Jun 22, 2020 | Mortgage, mortgage documentation, Mortgage Terms, Real Estate News
Mortgage documentation is too cumbersome for far too many homeowners, according to a survey carried out by the home remodeling website Porch.com. The survey of almost 1,000 recent home buyers found that more than 75% said they didn’t completely understand the terms of...
by RealtyBizNews | Jun 14, 2020 | COVID-19, first time home buyers, home buyers, Home Buying, lendingtree, Mortgage, Real Estate News
Home buyers aren’t being scared off by the COVID-19 pandemic. On the contrary, 53% of those quizzed in a recent survey by LendingTree said they’re more likely to buy a home in the next year because of the coronavirus outbreak. The most eager to buy appear to be...
