by RealtyBizNews | Sep 24, 2020 | financial assistance, financial crisis, homeowners, Mortgage, mortgage forbearance, pandemic, Real Estate News
Research shows that a little over a million homeowners who are at least 30 days past due on their mortgage payments haven’t entered into a mortgage forbearance program or engaged with their lender about some other form of assistance. Forbearance agreement papers with...
by RealtyBizNews | Sep 17, 2020 | Black Knight, Mortgage, mortgage rates, Real Estate News, refinancing
With the 30-year fixed-rate mortgage at an all-time low, the pool of homeowners that could benefit from refinancing and lower their monthly mortgage repayment has increased dramatically, experts say. In fact, some 75% of homeowners, or around 19.3 million, could...
by RealtyBizNews | Sep 3, 2020 | coronavirus aid, Forbearance, lawsuit, Mortgage, Real Estate, Real Estate News, Wells Fargo
Wells Fargo is being sued in a class-action lawsuit that accuses the bank of putting some of its borrowers’ mortgages into forbearance without their consent. By doing so, the borrowers’ credit reports were negatively impacted, and that prevented them from obtaining...
by RealtyBizNews | Aug 28, 2020 | digital transactions, Mortgage, notarizations, Notary services, Real Estate News, US Real Estate
Record demand for mortgages combined with the reduced availability of qualified notaries is causing delays in real estate transactions, Forbes reported this week. The homebuying process in the U.S. has increasingly shifted to the digital realm since the COVID-19...
by RealtyBizNews | Aug 12, 2020 | Mortgage, Real Estate News, US Real Estate
Getting a Mortgage With Bad Credit Are you wanting to buy a house but have bad credit? If you are a first-time buyer with lousy credit, getting a mortgage can seem a distant goal. However, it is normal for first-time buyers to have worse credit than those who have...
by RealtyBizNews | Jul 31, 2020 | Federal Reserve, interest rates, Mortgage, mortgage rates, Real Estate, Real Estate News
The Federal Reserve this week voted to keep its benchmark interest rate at close to zero. The move should help ensure the cost of home loans remains down, long enough for the economy to begin its recovery from the COVID-19 pandemic, experts said. The Fed also said...
