Posted To: MND NewsWireDeadlines for COVID-19 related relief for borrowers with Fannie Mae and Freddie Mac (GSE) mortgages were extended by the Federal Housing Finance Agency (FHFA) for the second time in a little over two weeks. The agency said the new changes were made to bring GSE programs into alignment with the deadlines for the similar FHA and the VA programs which the White House had extended last week. The moratorium on foreclosures of GSE mortgages was changed from a March 31 expiration to June 30 as was the moratorium on evictions. The latter applies only to GSE owned real estate (REO) that was foreclosed or taken through a deed-in-lieu. FHFA also announced another three-month extension of COVID-19 forbearance. The available period during which borrowers impacted by the pandemic can defer or make reduced...(read more)
On the hunt for your next place? Here's a primer on application fees, including how much you should expect to pay and what the fees cover.
The post Rental Application Fees 101: The Lowdown for Apartment Hunters appeared first on Real Estate News & Insights | realtor.comÂ®.
Everything from capital gains tax policy to a more stable political environment will affect how affluent buyers view their wealth and appetite for home purchases.
The post Political Power Shift Could Generate Changes in the U.S. Luxury Housing Market appeared first on Real Estate News & Insights | realtor.comÂ®.
Property managers handle many of the headaches of owning a rental property, but homeowners still need to make sure they're doing a good job.
The post Is Your Rental Property Going off the Rails in the Pandemic? 4 Questions To Figure That Out appeared first on Real Estate News & Insights | realtor.comÂ®.
What are the rules on raising rent? Read on for the answers to the most common questions, from how high rent can be hiked, how often, and more.
The post Rent Increase Laws: What Landlords Can (and Cannot) Do appeared first on Real Estate News & Insights | realtor.comÂ®.
Posted To: MND NewsWireMost of the accommodations that have been allowed lenders and borrowers by the Federal Housing Finance Agency (FHFA) due to the COVID-19 pandemic were modified or extended this past week. FHFA, the regulator and conservator of the GSEs Fannie Mae and Freddie Mac, extended eligibility for mortgage forbearance by three months. Forbearance allows homeowners who are financially impacted by the pandemic, to temporarily reduce or forego mortgage payments. It has been available for three-month terms with extensions available up to a total of 12 months. Existing plans would begin reaching that deadline at the end of March but FHFA has now authorized an additional three-month term , a total of 15 months. An estimated 2.7 million homeowners are in active plans. The COVID-19 Payment Deferral allows forborne...(read more)