National News

March 30, 2020

Fannie, Freddie Unveil Easy-to-Use Mortgage Help

The mortgage giants that back over half of all U.S. mortgages will allow owners to skip two mortgage payments for any reason and add them to the end-date of their loan.

WASHINGTON – Mortgage giants Fannie Mae and Freddie Mac unveiled a payment deferral option for homeowners struggling to ...

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Posted in National News
March 26, 2020

Banks Try to Save Stunned Borrowers – and Their Own Bottom Line

Lenders were villains in 2008’s recession, but they’re stronger this time and don’t want a large roster of foreclosures on their books. As a result, they have a vested interest in helping people keep their homes this time and are rolling out a number of forgiveness and relief programs.

NEW ...

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Posted in National News
Feb. 25, 2020

More Millennial Vets Buying After VA Lifts Loan Cap

VA ended its maximum-loan cap on Jan. 1, and younger vets stressed by rising home prices are discovering a larger selection of possible listings.

MIAMI – Ahmed Madriz was 18 years old when he joined the U.S. Army in September 2000. During his five years of service, he was ...

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Posted in National News
Feb. 14, 2020

Are You Saving Enough for Retirement?

The freedom of independent work has one downside: An employer isn’t helping you save for retirement. It’s never too late/too early to create a personal retirement plan.

NEW YORK – Most Americans gives themselves a grade of C or lower when it comes to saving for retirement, according to ...

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Posted in National News
Jan. 28, 2020

Big Change to Credit Scores Could Impact Homebuyers

Some buyers who qualified for a mortgage won’t by summer – but others who didn’t qualify might be better off after a calculation change affects about 110 million consumers. In general, older credit-score issues, such as late payments, will have less impact than recent ones.

NEW YORK – About 40 ...

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Posted in National News
Jan. 17, 2020

How Much Savings Can a Higher Credit Score Unlock?

Even a fair credit score costs you money: A buyer with a fair score pays $41.4K more than a good score over 30 years – and all other forms of credit cost more too.

 

NEW YORK – A higher credit score could mean thousands of dollars in savings ...

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Posted in National News
Dec. 10, 2019

Fact Sheet: Why Should I Buy Flood Insurance?

Flooding is the nation’s costliest and most common disaster, but many property owners outside high-risk FEMA flood zones don’t think it will ever be a problem.

WASHINGTON – On Sept. 19, tropical storm Imelda hit Texas, and even though it was a full hurricane-force storm, Texans – homeowners, business owners ...

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Posted in National News
Dec. 3, 2019

How to Avoid the Pitfalls in Homeowners Insurance

CoreLogic: In 2017, about one in four homes was underinsured by at least 20% – and many policies won’t cover replacement costs if it drops below that threshold.

NEW YORK – Whether you’re buying a first home or are a decades-long owner, adequately insuring your home is crucial. Yet, according ...

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Posted in National News
Oct. 15, 2019

Unconventional Mortgage Loans Making a Comeback

In 2018, unconventional mortgages hit their highest level since 2008 – but they were still only 3% of 2018’s loans compared to 39% in 2006.

NEW YORK – The number of unconventional mortgages last year reached the highest level since the 2008 crisis – but they still comprised less than ...

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Posted in National News
Sept. 12, 2019

NAR: Mortgage Rates May Hit Record Low by Year’s End

Economist Lawrence Yun says a clearly weakening economy and “soft job gains in August assures that the Federal Reserve will be cutting interest rates.”

WASHINGTON – By the end of this year, the 30-year fixed-rate mortgage could drop to 3.3%, which would put the most popular loan product ...

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Posted in National News