Los Angeles is filled with innovators and creatives, many of whom are self-employed. Being your own boss has a lot of advantages, but it also comes with a few …
Read MoreA Guide to Applying for a Mortgage as a Self-Employed Person During COVID-19
From the first week of March to the first week of April, the number of mortgages in forbearance went up 1,396% thanks to the economic devastation caused by the pandemic. …
Read MoreMortgage Forbearances Are Down But Delinquency Rate Is Up
Shortly after the pandemic began, mortgage rates have been falling week after week, hitting historic lows. However, since states have started to open up and some people have been going …
Although home prices have stayed steady throughout the duration of the economic shutdown, mortgage rates have plummeted. For six consecutive weeks, the average home loan interest rates remain at all-time …
Read MoreMortgage Rates Are at an All Time Low-Will They Stay That Way?
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?