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Fannie Mae and Freddie Mac Define COVID-19 Forbearance Repayment Options 

We previously talked about Forbearance as an option for anyone negatively impacted because of COVID-19. Forbearance is one of the most common options for those who cannot make their mortgage payments on time. Typically, once a loan is out of the agreed timeframe of forbearance, the borrower is expected to pay a “balloon payment,” or …

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New appraisal and origination requirement changes announced due to COVID-19

Special measures have been taken to help account for challenges facing the real estate market due to COVID-19. Here are the temporary flexibilities in place to facility the continuation of transactions for buyers.

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Celebrating 20 Years Of Mortgage Excellence

In 1999, a couple of friends who worked as loan officers decided that they could do more. The mortgage industry needed something new and better. The time was right to prioritize the client experience. They knew that doing better meant putting the best team together. They wanted to create a company that would set standards; …

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Conforming Loan Limits Set To Increase For 2017

The Federal Housing Finance Agency has announced that it is increasing the maximum conforming loan limits for mortgage loans beginning in 2017.  A mortgage loan is considered “conforming” when it is eligible to be acquired by Fannie Mae and/or Freddie Mac. (Mortgages are often sold to Fannie or Freddie so that a lender has the liquidity/money available …

The post Conforming Loan Limits Set To Increase For 2017 appeared first on Benchmark.

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Home Prices and Mortgage Interest Rates to Rise in 2016

Your home’s mortgage payment is based on the price of the home (minus the down payment), and the interest rate for the loan. Both prices and interest rates will likely rise in 2016. Home Prices CoreLogic anticipates a national 5.2% home value increase for the next year. The percentage varies by state, with WA, CA, NV, UT, AZ, NM, FL, and …

The post Home Prices and Mortgage Interest Rates to Rise in 2016 appeared first on Benchmark.

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Quantitative Easing (QE) Explained and What It Really Means to Homeownership

Lately, our US economy has needed stimulation to return closer to the equilibrium point of enough money via taxation to enjoy full employment, limited inflation, and adequate tax revenues to run the government. The Federal Reserve Bankers (“The Fed”) buy/hold US treasury bonds/securities when they desire to stimulate the economy, and sell those same treasuries/bonds […]

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