“The likelihood of us having a foreclosure crisis again is about zero percent.” – Ivy Zelman
4 Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure
The reports of massive foreclosures about to come to the market are highly exaggerated, according to Ivy Zelman.
What Happens When Homeowners Leave Their Forbearance Plans?
Banks likely don’t want to repeat the mistakes of 2008-2012 when they put large numbers of foreclosures on their books. This time, many will instead negotiate a modification plan with the borrower, which will enable households to maintain ownership of the home.
2020 Riverside County Conforming Loan Limit
2020 Riverside County Conforming Loan Limit GREAT NEWS for residents of Riverside County, CA! The 2020 Riverside County Conforming Loan Limit is now $510,400 (up from $484,350 in 2019, $405,950 in 2018 and $379,500 in 2017). 2020 California Conforming Loan Limits Conforming loan limits have been increased for 2020. The Federal Housing Finance Agency (FHFA) announced the new loan limits … Read More
Impact of the Coronavirus on the U.S. Housing and Mortgage Markets
The Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various markets, let’s also acknowledge the true impact it continues to have on lives and families around the world. With all this uncertainty, how do you make powerful and confident decisions … Read More
This is Not 2008 All Over Again: The Mortgage Lending Factor
It is easier to get a mortgage today than it was immediately after the market crash, but it is still difficult. The difference in 2006? At that time, it was difficult not to get a mortgage.
2019 Riverside County Conforming Loan Limit
2019 Riverside County Conforming Loan Limit ________________________________________________ Update – Click here to see the increased 2020 Riverside County Loan Limits ________________________________________________ GREAT NEWS for residents of Riverside County, CA! The 2019 Riverside County Conforming Loan Limits is now $484,350 (up from $405,950 in 2018 and $379,500 in 2017). 2019 California Conforming Loan Limits Conforming loan limits have been increased for … Read More
Should I Lock or Should I Wait?
When buying a new home or refinancing, how will I know when to lock my mortgage rate? “Interest rates rise like a rocket and fall like a feather.” This old axiom holds a lot of truth. Generally speaking, rates tend to fall in a poor economy and rise in times of prosperity. But more to the point, it takes a … Read More
How Interest Rates Move
Here’s a great video discussing how interest rates move. Although produced in 2010, the principles still apply in our economy today and should for the foreseeable future.
Housing Recovery Article June 8 2013
Here’s an interesting article about the state of the economy and housing market – June 2013. Click this link to go to the article directly. Best Explanation on the Fake Housing Market Recovery I’ve Seen By Michael Lombardi | Business 2 Community – Sat, Jun 8, 2013 12:25 PM EDT The average American Joe isn’t participating … Read More
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