An estimated 7.25 million borrowers have participated in forbearance programs at one point or another throughout the coronavirus pandemic, representing 14% of all homeowners with mortgages, according to Black Knight. About 72% of all participants have since left their plans, while 28%, or just more
Pulling your credit report used to be a once per-year, per-credit bureau privilege, as mandated by the Fair Credit Reporting Act (FCRA). During the pandemic, however, consumers can now access their credit reports from the three main consumer credit bureaus —Equifax, Experian and TransUnion—once a
By Kerry Smith The CDC extended the federal eviction moratorium for another month, from June 30 to July 31, further frustrating landlords. However, CDC also said it’s likely that this new deadline will be the last one. FHFA also announced that its foreclosure moratorium was
As the national mortgage moratorium instituted during the pandemic has once again been extended, homeowners will be overwhelmed and experienced attorneys have an opportunity to provide relief to overwhelmed homeowners by delivering mortgage modification services to clients while maintaining compliance with bar association. When
On the other hand, there is a surge in the housing market, sales are astronomical and there is a shortage of inventory. What does this mean moving forward? What will 2022 look like? Know your options and be prepared the very best you can. Consult
This would bring us through the month of July 2021.
There is a foreclosure moratorium in place for all federally backed mortgages – those backed by Fannie Mae, Freddie Mac, FHA, USDA, or VA – until June 30, 2021. However, borrowers may be able to avoid foreclosure if they seek help to make other arrangements,
Many foreclosure sales were cancelled in 2020 and placed on internal hold related to the COVID-19 Pandemic. These moratoriums will not last forever and people need to know their options. Will you be able to stay in your home? Will your lender work with you