Great News!...? FHA Will Start Taking Loans in Forbearance, but Not All of the Risk
Published June 15, 2020
Loans that were originated according to FHA guidelines – that went into forbearance before they were able to be move them over to FHA – are now able to be insured by the FHA. There are, of course, some restrictions and stipulations that are associated [...]
Time to Start Thinking About Getting Conventional Loans Out of Forbearance
Published May 29, 2020
As we head into June, it feels like the eye of the storm in the mortgage industry. Forbearances are still increasing but at a greatly diminished rate, rates are still low, volume is still high, many states have begun to reopen, and the secondary market has [...]
COVID-19 Forbearance Issues & Cash-out Considerations
Published April 24, 2020
As you are likely aware, the prospect of borrowers becoming unemployed as a result of COVID-19 shutdowns has become a reality, but the depth of that part of this crisis has yet to be determined. Thus, the threat of loans entering forbearance is a major [...]