Digital mortgages aren’t new – and in light of recent events, demand is higher than ever. Technology and regulatory changes are removing adoption barriers and enabling new entrants into the market. In today’s virtual world, we are leveraging technology to move faster, become more productive, and stay connected. In the current climate amidst COVID-19, weRead more
New home sales rallied again in July, rising 13.9% to an annual rate of 901k, after substantial gains of 15.1% and 20.5% in June and May. New home sales are mow at their highest since 2006, supported by pent-up demand and rock bottom rates. The current sales pace is 36.3% above the July 2019 annualizedRead more
Existing home sales surged 24.7% higher in July to an annual rate of 5.86 million, well above expectations for an annual rate of 5.40 million. The sizable gain in July follows a huge gain of 20.2% in June; existing home sales are now up 8.7% over last year and hitting their highest level since lateRead more
At the time of writing this article, 4.1 million homeowners had requested a forbearance plan from their mortgage loan servicer. Under the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, homeowners can suspend their mortgage payments if they have a federally backed mortgage. Forbearance does not erase what the borrowerRead more