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A Flood of Borrowers Will Exit Forbearance This Year: What Lenders Should Know

A Flood of Borrowers Will Exit Forbearance This Year: What Lenders Should Know

by Third Party | May 22, 2021 | Industry Updates, News/Current Events

Source: Maxwell —  As of May 11, over 2 million homeowners remain in forbearance plans related to COVID-19, according to Black Knight data. The good news: Forbearance volume has declined steadily over the month across all types of loan plans. But even as...
FHFA’s final ‘living wills’ rule ignores industry concerns

FHFA’s final ‘living wills’ rule ignores industry concerns

by Third Party | May 22, 2021 | News/Current Events

Source: Housing Wire —  On May 13, FHFA Director Mark Calabria wrote an op-ed published in the Wall Street Journal defending the final ‘living wills’ rulepublished in the Federal Register on May 4. The key to this op-ed is understanding what was left out. His...
Paying To Work? Gephardt Breaks Down Hidden Costs of Working From Home

Paying To Work? Gephardt Breaks Down Hidden Costs of Working From Home

by Third Party | May 22, 2021 | News/Current Events

Source: KSLTV —  WEST JORDAN, Utah – Jody Ware has been earning his paycheck from inside his West Jordan home since the pandemic began. “I’ve been wanting to do it for years, so this is like a dream come true,” said Ware.   Read...
The Final Word on FICO’s Credit Checks and Inquiries.

The Final Word on FICO’s Credit Checks and Inquiries.

by Third Party | May 22, 2021 | Real Estate Agent Tools

Source: Blue Water Credit —  FICO is the preeminent credit reporting service in the United States, with 90% of all lending decisions in the United States dictated by FICO every single day. While there’s a lot of useful information about FICO (including our...
Rate-Conscious Homeowners Are Repeatedly Refinancing Their Mortgages. Is Another Refi Right for You?

Rate-Conscious Homeowners Are Repeatedly Refinancing Their Mortgages. Is Another Refi Right for You?

by Third Party | May 21, 2021 | Mortgage Information, Real Estate Agent Tools

Source: Money —  Carlos Barros was elated when he refinanced his mortgage back in May 2020, locking in a 3.125% rate and reducing his monthly payments by about $220. Unfortunately, the feeling didn’t last long. “Just a week or so after I closed on my refinance —...
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