Approximately 1.7 million homeowners still remain in some type of mortgage forbearance plan
Fantastic article from Forbes writer Natalie Campisi Timely article as many lenders have already removed any forbearance assistance and...
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Amy Sessner
- Sep 8, 2021
- 3 min
Understand Your Options To Avoid Foreclosure
There are options for you Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of...
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Amy Sessner
- Jan 19, 2021
- 3 min
1/3 of all forborne loans are now 150+ days behind on payments
Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Pricing, Short SalesWill Forbearance Plans Lead to...
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Amy Sessner
- Jan 11, 2021
- 3 min
Mortgage Relief Options and Protections
Relief for all federally or GSE-backed mortgages Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and guidance from...
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Amy Sessner
- Aug 31, 2020
- 2 min
Early Impact on Credit
Great Blog post from the Consumer Financial Protection Bureau on the Impact to Consumer Credit FOR IMMEDIATE RELEASE: August 31, 2020...
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Amy Sessner
- Jun 16, 2020
- 4 min
EIDL Program is reopened for Independent contractors to receive assistance
Many independent contractors missed out on the first EIDL assistance. Please see below for helpful information on how to apply. |Jun 15,...
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Amy Sessner
- Jun 4, 2020
- 2 min
#Servicer's of Federally backed Loans must grant Forbearance for two 180-day periods if needed
Great news for homeowners with Federally backed loans. CARES Act originally provided for 180 days for homeowner assistance Forbearance...
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Amy Sessner
- Jun 3, 2020
- 2 min
Coronavirus relief bill could change unemployment benefits
Self employed were not previously reported in the weekly jobless rates until end of May 2020. 2.4 million workers applied for...
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Amy Sessner
- Jun 3, 2020
- 10 min
#Can't pay your bills?
With Pandemic unemployment more than $43 million people, that is 1 in 4 people filing for unemployment benefits in the last 10 weeks. We...
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Amy Sessner
- May 29, 2020
- 2 min
#All time low Mortgage Rates
Federal Reserve is helping to stimulate home sales by lowering mortgage rates and buying back mortgage backed securities. Great news for...
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Amy Sessner
- May 28, 2020
- 1 min
#2.1 Million more jobless workers applied for unemployment
You are not alone 2.1 million U.S. workers sought jobless aid last week. To date we have 41 million who have applied. By ASSOCIATED...
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Amy Sessner
- May 26, 2020
- 3 min
#Refinance after Forbearance
This is great news for Federally Backed Loans. Homeowners are able to refinance their loans after their Forbearance period ends once...
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Amy Sessner
- May 26, 2020
- 2 min
Freddie Mac answers your questions on Forbearance for Federally Backed Loans
Relief for Federally Backed Loans. Freddie Mac has outlined the Forbearance collection process for Mortgage Loan Servicer's and their...
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Amy Sessner
- May 26, 2020
- 3 min
Freddie Mac online resources for homeowners and rental properties
Freddie Mac Announces Online Resources to Help Consumers New digital tools help consumers know their options and get help May 26, 2020...
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Amy Sessner
- May 20, 2020
- 3 min
#COVID19 Frequently asked questions
Mortgage Bankers Association has put together frequently asked about COVID19 and the forbearance process and what to ask your loan...
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Amy Sessner
- May 16, 2020
- 2 min
4.7 Million Mortgages in Forbearance
The emergency aid package package passed by Congress allows Homeowners affected by COVID19 to request that their Loan Servicer set up...
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Amy Sessner
- May 15, 2020
- 2 min
#Relief for Federally Backed Mortgage Loans in Forbearance
Great news for Federally Backed Mortgage Loans from Freddie Mac and Fannie Mae. This article announces that relief is offered as of July...
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Amy Sessner
- May 15, 2020
- 2 min
#Moratorium extended to June 30th
Welcome news for the 36.5 Million filing jobless claims. Mortgage Fannie Mae, Freddie Mac, HUD extend foreclosure and eviction freeze...
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Amy Sessner
- May 14, 2020
- 3 min
Fannie Mae COVID19 Payment Deferral
May 13, 2020 Fannie Mae Announces COVID-19 Payment Deferral Provides Important Information about Post-forbearance Repayment Options to...
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Amy Sessner
- May 13, 2020
- 2 min
#What will credit reports show after COVID19 Forbearance?
Great Article by Kathleen Howley. Mortgage Forbearance is a necessity at this time for millions of American's. Under the CARES Act the...
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