Mortgage bankers say most (77%) homeowners in forbearance already have a payment plan in place – and many who don’t will likely sell rather than go through foreclosure. For most sellers, high home prices will allow them to pay off the mortgage and not even ding their credit scores. WASHINGTON – The national forbearance moratorium […]

Low rates directly keep adjustable-rate loans low and help, indirectly, fixed-rate loans. At one time, the Fed had no rate-hike plans until 2024; now it’s two in 2023. WASHINGTON – With the economy and inflation set to surge this year as the nation emerges from the COVID-19 recession, the Federal Reserve is starting to ease […]

The question is simple – the answer not so much. CFPB (Consumer Financial Protection Bureau) wants to wait until 2022. A request for rule comments, however, received a range of suggestions. And as a practical matter, can lenders handle thousands of foreclosures all at once? WASHINGTON – As COVID-19 infections continue to decline in the […]