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
mortgage rates
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
Mortgage Issues are Now Hitting the Media
CNBC is now reporting some of the problems the mortgage industry is now having because of the virus, and Federal Reserve actions. This is a moving target. As I've been blogging about, this is much deeper than just an overabundance of refinances hitting the system at once, there are systematic ... » Learn More about Mortgage Issues are Now Hitting the Media
Mortgage System Issues Created by the COVID-19 Crisis and the Fed Response
The gov’t actions to force interest rates down to help the consumer, are having major unintended consequences in the mortgage origination and servicing systems. I’m attaching below an article from MBS Highway on how the mortgage system works (that 99% of the real estate professionals and ... » Learn More about Mortgage System Issues Created by the COVID-19 Crisis and the Fed Response