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The Unexpected Way Your Future Borrowing Power Could Be Affected by a CARES Act Mortgage Forbearance

May 19, 2020

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 …

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Fannie and Freddie Say No Lump-Sum Repayments… But What About Everyone Else?

May 11, 2020May 7, 2020

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 …

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How Do I Maintain My Credit When I Can’t Afford My Mortgage Due to Economic Shut Down?

May 4, 2020April 30, 2020

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 …

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MBS Quoteline: Coronasvirus and Mortgage Rates

March 6, 2020

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, …

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3 Unexpected Tips to Boost Your Credit Score Before Applying for a Mortgage

February 24, 2020

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 …

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Despite shutdown, IRS will resume income verification for mortgage applicants

January 11, 2019

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 …

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