Saturday , 15 August 2020

Tag Archives: mortgage

FTC warns that mortgage assistance scams are on the rise

The Federal Trade Commission has issued a new alert warning consumers to beware of potential scams around mortgage assistance. This week it said that Americans have lost a combined $106 million to fraud related to the COVID-19 outbreak, and said consumers need to be careful about any solicitations that ask them to pay for access to financial assistance such as …

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Mortgage delinquencies rise for first time in 6 years due to pandemic | Real Estate

You’re seeing The Post and Courier’s weekly real estate newsletter. Receive all the latest transactions and top development, building, and home and commercial sales news to your inbox each Saturday here. Pandemic raises mortgage delinquencies for first time in 6 years In the spate of two months, the nation’s unemployment rate went from a 50-year low in February to an 80-year high in April as …

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How many mortgage payments can you miss before foreclosure?

“How many mortgage payments can I miss before foreclosure?” is a crucial concern these days, as the coronavirus continues to drastically impact household incomes. As of May, more than 4 million mortgages were past due, according to Black Knight — and the delinquency norm, generally two or three missed payments and you’re out, has been replaced with new rules in …

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How many mortgage payments can you miss before foreclosure?

“How many mortgage payments can I miss before foreclosure?” is a crucial concern these days, as the coronavirus continues to drastically impact household incomes. As of May, more than 4 million mortgages were past due, according to Black Knight — and the delinquency norm, generally two or three missed payments and you’re out, has been replaced with new rules in …

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AOC slams Cuomo’s decision to suspend New Yorkers’ mortgage payments

Rep. Alexandria Ocasio-Cortez took purpose at Gov. Andrew Cuomo’s decision to suspend mortgage payments however not rental payments throughout the coronavirus outbreak, accusing him of giving “preferential remedy” to wealthier New Yorkers. “If you happen to known as for a suspension or moratorium on mortgage payments, then we also needs to name for that very same remedy on lease payments,” …

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Private Placement Markets to Enter the Residential Mortgage Lender Industry in January of 2021

Steve Muehler today announced that the Private Placement Markets will be entering the Residential Mortgage Lending Industry as a Nationwide Alternative Mortgage Lender. Los Angeles, CA, August 15, 2020 –(PR.com)– Private Placement Markets to enter into the Residential Mortgage Lending industry in January of 2021 as a “Nationwide – Lender Direct to Consumer – Alternative Mortgage Company.” Steve Muehler, Founder …

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The Mortgage Industry Sounds Off About New GSE Refinancing Fee

GSEs Fannie Mae and Freddie Mac announced last week that they are raising fees for lenders on all mortgage refinances by 0.5%, an effort, the enterprises say, to protect themselves from losses on their refinanced mortgages given today’s pandemic-related low interest rates. “As a result of risk management and loss forecasting precipitated by COVID-19 related economic and … The post The Mortgage …

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Why mortgage rates are so low

August 14, 2020 5:24 PM Molly Ringberg Posted: August 14, 2020 5:24 PM Updated: August 14, 2020 7:37 PM LA CROSSE, Wis. (WKBT) – Mortgage rates have been at a historic low over the last few months. So if you plan on buying a home or refinancing, this is a great time to do it. One big contributor to the …

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