If you follow this blog regularly you’ve probably noticed that we’ve been talking a lot about forbearances under the CARES Act stimulus bill. New information seems to come out on …
In the CARES Act Covid-19 stimulus bill, the only relief that was offered to federally-backed mortgage holders having trouble paying was a fast track to a forbearance. Putting a mortgage …
To date, over 3 million homeowners have paused their GSE or Federally insured mortgage payments through forbearance under the COVID-19 stimulus bill, the CARES Act. GSE or Federally insured mortgages …
Read MoreFannie and Freddie Say No Lump-Sum Repayments… But What About Everyone Else?
In Los Angeles County, at least 55% of residents have lost their job through layoffs and furloughs thanks to the spread of COVID-19. People who had no reason to worry about …
Read MoreHow Do I Maintain My Credit When I Can’t Afford My Mortgage Due to Economic Shut Down?
This is a reprint from MBS Quoteline: As the number of reported cases of the coronavirus around the world has increased, the list of school closings, work interruptions, event cancellations, …
Are you gearing up to apply for a mortgage? Then you need to make sure that your credit score is in tip-top shape. Sure, people with bad credit can get …
Read More3 Unexpected Tips to Boost Your Credit Score Before Applying for a Mortgage
Roughly 2 weeks into the government shutdown, the Internal Revenue Service announced it will resume processing lender requests for tax transcripts to verify income for mortgage applications. In a letter …
Read MoreDespite shutdown, IRS will resume income verification for mortgage applicants