Lenders holding their own as mortgage relief remains in place
Foreclosures likely to tick up at some point
U.S. government agencies continue with moratorium programs for borrowers
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Amid a depressed economy that shows little sign of revving into higher gear in the near term, people s ability to stay in their homes has been a relief for many.
That s been made possible by the federal CARES Act, sweeping relief legislation passed last March as the COVID-19 pandemic took hold that included a moratorium on evictions and foreclosures for those unable to pay their housing costs.
And under orders issued earlier this week by the Federal Housing Finance Agency, those moratoriums have been extended through at least the end of March of this year. Those with mortgages backed by Fannie Mae and Freddie Mac can remain in forbearance for up to 15 months. Federal COVID-19 Payment Deferral allows those borrowers to repay their missed payments at the time the home is sold, refinanced or at m
Five perks to buying a home in the wintertime
5 perks to buying a home in the winter
By: Alicia Smith
and last updated 2021-01-29 10:36:16-05
MACOMB, Mich. (WXYZ) â If the idea of buying a home when thereâs snow or ice on the ground doesnât appeal to you, or if youâre waiting for all the spring open houses before you get serious about house hunting, you might want to think again.
Chris Jones of Macomb is an active duty serviceman in the Air Force whoâs a single dad looking to buy his first home.
âIâm out here. First showing of the day. No âFor Saleâ sign even out here,â Jones said, as he shot some cell phone video of a recent home he visited that was not even on the market yet. His realtor set up the showing.
Pontiac-based United Wholesale Mortgage LLC became a public company Friday morning, listing on the New York Stock Exchange under the ticker symbol UWMC.
UWM President and CEO Mat Ishbia rang the opening bell at the NYSE to mark the occasion, a day after the company closed on its deal to merge…