Credit Score Need Help?

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Mortgage refinancings set to surge to a 17-year high

Mortgage refinancings set to surge to a 17-year high

If you’re in the mortgage business, fasten your seatbelts. Refinance volume is set to spike to a 17-year high this year as mortgage rates fall to the lowest levels ever recorded, Fannie Mae said.

Even as other parts of the economy tank, lenders will originate $1.5 trillion in refis in 2020, a 51% jump from 2019, according to the forecast. That would be the highest level since 2003 when $2.5 trillion of mortgages were refinanced, according to data from the Mortgage Bankers Association.

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Fannie, Freddie Announce Mortgage Deferral Program For Homeowners Impacted By COVID-19

#mortgage #mortgagebroker #fannie #freddie #deferralprogram #homeowners

Fannie Mae and Freddie Mac have announced additional relief options for homeowners struggling due to the COVID-19 pandemic.

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Credit Score Outta Shape?

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Financially Impacted by COVID-19

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Under Fed’s new criteria, Equifax, Nasdaq and Tiffany & Co. are ‘Main Street’ companies

Companies with up to $5 billion in annual revenue now qualify for emergency lending program

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Bad Credit Score?

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