Week of 04/30/2020: More than 3.8 million homeowners were in forbearance plans, representing 7.3% of all active mortgages
Applications to the government’s mortgage bailout program have been swelling at a rate of about half a million a week. As of Thursday, more than...
Big banks are not lending although the FED is encouraging banks to lend more
Wells Fargo: only allows customers with at least $250,000 in liquid assets to refinance. JPMorgan: requires 20% down and a credit score of over 700. ...
Week of 04/24/2020: 8.9% of All FHA/VA loans are in forbearance
This number will likely increase to over 10% next week, which means by the end of April, 1 FHA/VA mortgage out of 10 will be...