Mortgage News

Home improvement lending heating up during pandemic

Shelter-in-place orders have led to a surge in home repair and remodeling projects, providing an unexpected opportunity for many lenders. During the early days of the coronavirus pandemic, Google searches for projects such as bathroom and kitchen improvements, patios and flooring increased significantly, according to the Home Improvement Research Institute.

Market News Update, June 3rd, 2020

Fannie Mae Announces Flexibilities for Refinance and Home Purchase Eligibility for Homeowners Impacted by COVID-19Updated Guidance Also Extends Expiration Date of Criteria for Purchasing Loans in Forbearance WASHINGTON, DC – May 19, 2020 – Fannie Mae (FNMA/OTCQB) today announced flexibilities for homeowners who have taken a forbearance due to a COVID-19 financial hardship to refinance their mortgage …

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Market News Update – May 28th, 2020

Statement on Fannie Mae’s New LIBOR Transition Resources “Fannie Mae’s LIBOR Transition webpage is a resource for lenders and investors to access key updates and information during this historic shift in the markets. Today’s announcement marks an important milestone in the transition from LIBOR to an alternative reference rate. We remain committed to ensuring a …

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