What Will the GDP Be for Second Quarter of 2020? JPMorgan Prediction With the coronavirus outbreak having already resulted in massive unemployment across the U.S., JPMorgan believes the gross domestic product (GDP) will absolutely crater during the second quarter of 2020. According to CNBC, JPMorgan economists are forecasting that the GDP will fall by […]
Read More →From dnyuz.com Homebound Buyers Ask: Is a Picture Worth $1 Million? – DNyuz The real estate industry, for all its newfound tech savvy, still relies on handshakes across mahogany tables. The coronavirus pandemic has exposed that weakness: Real estate is a cheek-by-jowl business, methodical by design, lumbering until the final, crowded contract signing. And […]
Read More →These mortgage borrowers will be ‘the first canary in the coal mine’ for a coronavirus-fueled foreclosure crisis, regulator says – MarketWatch These mortgage borrowers will be ‘the first canary in the coal mine’ for a coronavirus-fueled foreclosure crisis, regulator says Published: April 4, 2020 at 11:12 a.m. ET By Jacob Passy 132 Federal Housing Finance […]
Read More →Report: ‘Zombie homes’ — vacant properties awaiting foreclosure — slightly rise across the U.S. – The Washington Post Report: ‘Zombie homes’ — vacant properties awaiting foreclosure — slightly rise across the U.S. No trespassing posters are displayed in the window of a foreclosed townhouse that has been empty for 11 years in District Heights, Md. […]
Read More →… “Wells Fargo, US Bank, Citi and JP Morgan Chase will defer mortgage payments for three months. State chartered banks and credit unions will offer similar deferrals. Newsom said everyone is eligible, regardless of how much money they make. He said homeowners must submit “some form of documentation,” but did not give details. “I thought the […]
Read More →Mortgage Applications Decrease in Latest MBA Weekly Survey | Mortgage Bankers Association https://www.mba.org/2020-press-releases/march/mortgage-appl . . .
Read More →Mortgage Reit Meltdown Some Mortgage Reits have lost more than 80 percent of that value in just a few weeks. Are these Reit telling something about where the price of homes will be in a few months? Here a CNBC expert explains a little bit about what is going on.
Read More →The California Association of Realtors Just Crafted a Corona Virus Addendum. We recently reported that some lenders have given notice to borrowers that they will not be funding laws because the non-QM market has seized up. This addendum may deal with these funding type problems going forward. Make sure you understand this form before […]
Read More →Mortgage Crisis 2.0 has begun Over the weekend one of the agents who worked with us during the last mortgage crisis received this letter from his buyer’s lender…. “Good Afternoon, Unfortunately, this Loan will not be able to fund as scheduled do (sic) to the Mortgage Industry’s NON QM market freezing and temporarily […]
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