Large mortgage defaults on the horizon, are you ready for a 100 billion dollar March Madness?

Large mortgage defaults on the horizon, are you ready for a 100 billion dollar March Madness?

FHA has placed a moratorium on foreclosures from mortgage loan defaults and offered any borrower that requests it an extension to not make payments for a year (HUD). This effectively kicks the can down the road and pushed out any impending actions until March of...
Will interest rates stay low forever?  What did the fed just announce?

Will interest rates stay low forever?  What did the fed just announce?

If you have been tracking interest rates in the mortgage market, your head is likely spinning.  Mortgage rates hit a record low of 3% less than a week later rates have risen again.  What is causing the drastic swings? Is now the time to lock in or refinance?  What did...
Unemployment rate and housing at historic highs; How is this possible?  Which will win?

Unemployment rate and housing at historic highs; How is this possible?  Which will win?

The Coronavirus has created a unique financial situation.  Unemployment rates are at record highs, with companies announcing long term downsizing.  At the same time residential real estate is hitting new records and continues to increase in the face of the economic...
Mortgage defaults high in the 10 cities; how does your city rank?

Mortgage defaults high in the 10 cities; how does your city rank?

  Do you know where the next mortgage defaults will occur in your city?  What cities and zip codes are most at risk during this recession?  In every recession, there are two predictors of default/loss, collateral and equity.  What does the data tell us today?...
Forbearance drives house prices up; no impact on “credit score”, but can’t get credit?

Forbearance drives house prices up; no impact on “credit score”, but can’t get credit?

From March 1 through the end of May, Americans deferred debt payments on more than 100 million accounts, according to credit-reporting firm TransUnion, a sign of widespread financial distress.  Millions are out of work, yet house prices are increasing in most...