The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac borrowers in forbearance can apply for refinancing and new purchase mortgages once their loans are current It waives a previous mandatory wait of 12 months. That move allows faster access to record-low ... » Learn More about Another Change to Post Forbearance New Loan Qualification
Regulations and Laws
Unintended Consequences of Mortgage Forbearance – Video
The mortgage forbearance program is a moving target, and changing constantly. This is as of 5/13/20. There are the unintended consequences on taking a mortgage forbearance. If you're in a financially distressed position because of COVID, us it. If you can afford to make the payments, pay it. There ... » Learn More about Unintended Consequences of Mortgage Forbearance – Video
Another “New” Level of Complexity to Show a Property for Sale in California
Like it wasn’t difficult enough showing and selling properties with the Stay at Home order in place. Cal/OSHA just added another layer of complexity. Now a property must have a “through cleaning and disinfection of a property before and after each showing”. That means regardless of meeting the ... » Learn More about Another “New” Level of Complexity to Show a Property for Sale in California
Why the Low Mortgage Rates Today Are Still High, and How the Rates Can Still Go Lower
The attached chart of the rate spread between the 30 year fixed rate mortgage and the 10 year treasury note is a prefect visual and mathematic illustration on how today’s low mortgage rates are still high relative to where they should be historically, given other economic considerations. I’ve ... » Learn More about Why the Low Mortgage Rates Today Are Still High, and How the Rates Can Still Go Lower
Video Giving Information on the How the Private Lending Industry is Being Affected Amist COVID-19
William Tessar, President of CIVIC on Private Lending industry amidst COVID from CIVIC Financial Services on Vimeo. This is a good explaination of how the backend of the mortgage industry, especially the non-QM and private lending space is affected by, and dealing with the economic issues created ... » Learn More about Video Giving Information on the How the Private Lending Industry is Being Affected Amist COVID-19