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...
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...
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...
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...
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 —...
Hits and Misses for the Real Estate Week of May 4-8
