Financing Post-Closing Appraisals Now Possible for Certain Borrowers, Thanks to New Emergency Rules To alleviate the challenges faced by homebuyers during the coronavirus pandemic, borrowers with good credit seeking a mortgage loan can now...
Financing How the Mortgage Industry’s Cash Crisis May Hurt Borrowers The recently passed Cares Act includes a provision that allows homeowners to stop paying mortgages for up to a year, and with unemployment...
Financing Borrowers Struggle to Secure Loans Amid Mortgage Market Instability Experts expect even more mortgage market volatility as a wave of borrowers ask lenders for payment delays through the Cares Act. But if...
Financing Treasury Department Confirms Paycheck Protection Program Applies to Small Construction Firms Good news for builders: Any small construction company can apply for the Paycheck Protection Program regardless of revenue, according to new...
Financing Borrower Requests to Delay Mortgage Payments Soar Nearly 2,000% Requests to delay mortgage payments jumped 1,896 percent between the week of March 16 and the week of March 30. Those high percentages may...
Financing Lenders Ask Feds for Cash to Avoid Collapse Amid Mortgage Payment Delays The Cares Act mandates that lenders allow borrowers with government-backed mortgages to delay monthly payments for at least 90 days and up...
Economics Which Cities Are Most at Risk for Coronavirus-Caused Foreclosures? While stay-at-home orders continue and unemployment soars, the coronavirus is hitting the economy hard. As builders look around, they may be...
Business Management Paycheck Protection Program: Builders Uncertain But Hopeful Pursuing Coronavirus Relief Loans While the federal PPP offers a ray of hope for builders, many building companies—despite their best efforts—are being left with little choice but to lay off employees
Financing Financial Consultant's Advice: Track Your Coronavirus-Related Expenses From shelter-in-place orders to flip-flopping local essential business definitions, each day provides new mentally taxing challenges. But...
Financing Where Is the Mortgage Market Headed Next? After March's wild ride for the mortgage market, the instability is not expected to recede anytime soon. Although mortgage rates plummeted...
