Tag Archive for: COVID-19

What Happened to ALL Those Borrowers in “Forbearance?”

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There were approximately 4.5 million mortgages in forbearance when the number peaked during the COVID crisis in 2020. This scared the bejeebers out of a lot of market-watchers, as they […]Read More

2.7 Million Borrowers Still In Forbearance; Foreclosure Crisis Coming?

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The WSJ reported recently that 2.7 million borrowers are still in forbearance. That is about 5.5% of all borrowers, down from about 8.5% in June, but the number of borrowers […]Read More

Why COVID-19 Is Not Hitting Housing Prices

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A few weeks ago, I blogged about why we are not seeing more foreclosures despite our severe recession and a huge number of delinquent borrowers. The reasons include: (1) borrowers […]Read More

Housing Market – Not All Rosy; Bumps & Volatility

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TOO OPTIMISTIC ABOUT HOUSING? “Stick to mortgages, Jay!” I touted the strength of the housing market numerous times over the last several months, and both borrowers and agents told me […]Read More

Refinancing After Forbearance; Credit Inquiries

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Over 4 million borrowers went into mortgage payment “forbearance” during the COVID-19 crisis, and many are now starting to end their forbearance periods – and wondering if they can refinance. […]Read More

In Defense of Cities & Large Offices

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I once had a client who was a commercial airline pilot living in San Francisco. As a pilot, he could live anywhere in the U.S., so he decided to sell […]Read More

Great Housing Migration; Credit Repair More Necessary Than Ever

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Chris Drayer, the founder of the Predictive Analytics company (Revaluate) we often recommend, wrote a great blog a few weeks ago called The Great Housing Migration. His point: People will […]Read More

Rates Hit Record Lows – Again; Forbearance Effect On Credit

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FORBEARANCES, CREDIT, & ABILITY TO GET MORTGAGE FINANCING I recently blogged about how forbearances will affect credit and a borrower’s ability to obtain mortgages, pointing out how borrowers just out […]Read More

Home Values – This Ain’t 2008! WHY? Inventory and Demographics

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I was interviewed yesterday by a prominent financial reporter who is, for obvious reasons, mired in the very “news” I suggested avoiding in my Wednesday Blog. B/c she is so […]Read More

“Non-Bank” Mortgage Lenders vs. Banks; Who Are The Players? Why It Matters

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Most Americans have never heard of PennyMac, United Wholesale Mortgage, loanDepot, and Freedom Mortgage. These are just a few of the huge “non-bank” mortgage lenders that funded almost 60% of […]Read More

Obtaining Mortgage Financing After A Forbearance

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RULES FOR QUALIFYING POST-FORBEARANCE With millions of future borrowers in either mortgage or rental forbearance, many people are wondering how forbearances will impact a borrower’s ability to qualify for mortgage […]Read More

Qualifying The Self-Employed – The Good, The Bad, & The Ugly

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Self-employed borrowers can still qualify for mortgage financing, and in some ways they actually have advantages. THE GOOD Self-employed borrowers qualify with previous years’ tax returns, which fortunately will not […]Read More

Please Share Our Content; How Fast Will The Economy Recover?

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We love it when readers share our content – so please feel free to continue doing so. We only ask for a credit and a “linkback” to our website whenever […]Read More

Interest Rates/Mortgage Industry Update; When NOT to File Taxes

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Interest rates have come back down but they are still about 1/4% to 3/8% higher than where they were when they bottomed out on March 9th. This is because the […]Read More