6 Mortgage Modification Options: What You Need To Know To Stay In Your Home – Forbes
6 Mortgage Modification Options: What You Need To Know To Stay In Your Home Forbes
6 Mortgage Modification Options: What You Need To Know To Stay In Your Home Forbes
Posted To: MND NewsWire
Most of the accommodations that have been allowed lenders and borrowers by the Federal Housing Finance Agency (FHFA) due to the COVID-19 pandemic were modified or extended this past week. FHFA, the regulator and conservator of the GSEs Fannie Mae and Freddie Mac, extended eligibility for mortgage forbearance by three months. Forbearance allows homeowners who are financially impacted by the pandemic, to temporarily reduce or forego mortgage payments. It has been available for three-month terms with extensions available up to a total of 12 months. Existing plans would begin reaching that deadline at the end of March but FHFA has now authorized an additional three-month term , a total of 15 months. An estimated 2.7 million homeowners are in active plans. The COVID-19 Payment Deferral allows forborne…(read more)
Fannie Mae and Freddie Mac have released their financial results for 2020. Record-low rates and rising home prices came as a boon to the firms, offsetting losses caused by the pandemic. Fannie’s annual results Fannie Mae reported today an annual net income of $11.8 billion, down by $2.4 billion in 2019. Fannie attributed the decrease … [Read more…]
You can sell your house after refinancing, but there might be a waiting period. You typically can’t refinance while the house is listed for sale, though.
Mortgage rates flat; 30-year stays at 2.73% OCRegister
If youâve been comparing mortgage rates and shopping your home loan lately, you may have encountered âWatermark Home Loansâ along the way. They advertise quite a bit on some of the mortgage comparison websites, but arenât necessarily a household name like some of the bigger guys. Of course, bigger isnât always better, nor does it [&hellip
The post Watermark Home Loans Review: Loan Amounts Up to Million first appeared on The Truth About Mortgage.
Are you cursed with a cramped bedroom? Take a page from the experts, and try these genius ideas for making your boudoir feel bigger and more luxurious.
The post 7 Tricks To Turn a Tiny Bedroom Into a Spacious, Relaxing (and Romantic) Retreat appeared first on Real Estate News & Insights | realtor.com®.
Here’s a look at how much income you need each year to own a home in the country’s largest cities.
Mortgage rates drop to another record low CNN