Wednesday , 21 October 2020

Buzz Feed

Last Spring’s Stimulus Checks Helped Keep Borrowers Current

As Congress debates a new stimulus package, and Americans anticipate the possibility of a second government stimulus check, a new survey showed that stimulus checks last spring went mostly to cover rent and mortgage payments, as well as other “household expenses.” Credello, a personal finance tool, recently released these findings. This past April, all U.S. … The post Last Spring’s …

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Why Investing in Single-Family Rentals is ‘A Good Bet’

Lenders are looking to cash in on demand for larger living spaces and investors’ optimistic attitude toward suburban living, according to a Bloomberg report. In the aftermath of the foreclosure crisis, Tom Byce, helped to build a single-family rental business in the aftermath of the U.S. foreclosure crisis. In 2018 he started a new venture … The post Why Investing …

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HUD Reminds States to Use Government Grants to Help Homeowners

The U.S. Department of Housing and Urban Development (HUD) Friday issued a reminder to all grantees–states, cities, communities, and nonprofits-who received Emergency Solutions Grants (ESG) or Community Development Block Grant (CDBG) fund–that they may use these funds to provide rental assistance or other aid to individuals experiencing financial hardship because of the pandemic and are … The post HUD Reminds …

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The Week Ahead: The Need for Financial Aid During Pandemic

The U.S. House Committee on Financial Services Chairwoman Maxine Waters (D-CA) announced the month’s schedule of virtual and hybrid hearings. Among them, this Tuesday at noon will be a presentation addressing, “The Need for Financial Aid to America’s States and Territories During the Pandemic.”  The Committee on Financial Services will hold a virtual hearing entitled, … The post The Week …

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Forbearances Decrease by 4%; CFPB Goes After VA Lenders; Strong Case For Locking a Rate

The number of homeowners with mortgages in COVID-19 related forbearance plans dropped during the week ended September 1 after several weeks when there was little change. Black Knight said its weekly survey found 147,000 fewer borrowers in plans than the previous week, a decline of about 4 percent. The company says last week’s decrease means there are about 1 million …

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Mortgages in Forbearance Down From Peak 

Call it bust out time for mortgages in active forbearance. After staying the course for the last couple of weeks, they more than found their footing by improving more dramatically than anticipated, receding over the last week by 147k (-4%), according to Blackknightinc.com,   In fact, since the May peak, active forbearances are now down about 1M (-21%), stated Black Knight’s … The post Mortgages in …

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Latest Housing Market Stats

Home sellers are in good shape this week, with a low supply and buyers chomping at the bit in light of total for-sale inventory contracting for the 13th week in a row. That puts sellers behind the wheel of the housing market, according to Zillow’s Weekly Market Report. What’s more, typical time-on the market remained at record lows.   … The post Latest Housing …

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Intercontinental Exchange Acquires Ellie Mae

Intercontinental Exchange, operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, today announced that it has received regulatory approval and fully completed its $11 billion acquisition of Ellie Mae from the private equity firm Thoma Bravo. “We are excited to begin the next important chapter in our journey … The post Intercontinental Exchange …

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