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 […]

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Fed announces unlimited purchases of MBS and Treasuries, adds multifamily mortgages from the article… “Following this morning’s Fed announcement, the NY Fed issued a statement revising its mortgage-bond purchase schedule issued last week. The bond purchases probably will total at least $125 billion a day, it said. “The desk plans to conduct operations totaling approximately $75 billion […]

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