Mortgage Bankers Say Mortgage Forbearance Decreased To 2.62%. Ginnie Mae’s Portfolio Finally Below 3% The Mortgage Bankers Association is saying mortgage forbearances are down .27%. They also stated that forbearance portfolio volume declined at the fastest rate in a year. This is in part to mortgage holders exit COVID-19 plans. Exits are expected to pick up […]
MORTGAGE FORBEARANCE ALERT! Don’t Be Caught Facing Foreclosure. You Have Options! MORTGAGE FORBEARANCE ALERT! Some homeowners will soon come to the end of their 18-month mortgage forbearance period. As a result, borrowers affected by the pandemic will have to figure out how to repay their back payments. Fortunately, most loan servicers don’t want to foreclose. […]
Mortgage Industry Warns Foreclosures Will Skyrocket In August If COVID-19 Relief Is Stopped The mortgage industry has been sounding the alarm bells in Washington for several months about extending COVID-19 relief. Now, the Federal Reserve Bank of Atlanta has also joined the orchestra of alarm bells. The industry is warning that this time the flood […]
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