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FHFA Extends Foreclosure and REO Eviction Moratoriums ​Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until February 28, 2021.  The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The REO eviction moratorium…

Mortgage rates are off to a decent start this week with the average lender offering slightly better terms compared to last Friday.  The progress actually began earlier last week.  On Tuesday morning, rates were at their highest levels in exactly 2 months after jumping at a relatively quick pace in response to the Georgia senate election.  The…

Martin Luther King Jr. was an American Baptist minister and activist who became the most visible spokesperson and leader in the civil rights movement from 1955 until his assassination in 1968. “I HAVE A DREAM” Speech (1963) I am happy to join with you today in what will go down in history as the greatest…

Mortgage rates had another solid day today–this time without any of the early drama seen yesterday.  If you’re just getting caught up, the bond market (which drives day-to-day interest rate movement) has been selling off aggressively since the Jan 5th Georgia senate election.  When bonds sell-off, it means bond PRICES are getting lower and bond YIELDS (aka RATES)…

Mortgage rates are coming off a rough week–the roughest, in fact, since June 2020 by some measures.  That’s the last time rates rose this quickly for market-driven reasons.  There were a few instances of bigger moves in Aug/Sept as the new refinance fee was announced, delayed, and ultimately implemented.  Either way, things aren’t great right…

Mortgage rates went to bed Tuesday night knowing they were at risk of a volatile day Wednesday and for the short term.  The bond market (which underlies interest rate movement) was already bracing for impact in the middle of the night!  Specifically, bond yields (aka “rates”) were already quite a bit higher by the time the election was…

What is a “Cash Out” Home Refinance Loan? This is a process where Dan Cassel and the Trinity Mortgage Broker team refinance your existing California Real Estate Loan with a New Home Loan for more than you currently owe on your house. It presumes you have equity built up in your California home. The spread…

In my reading and research I came across this content.  It may help!! Seems like current useful information for small business owners to note!! A new guide on COVID-19 loans for small businesses from the U.S. Chamber of Commerce – Offers guidance from three perspectives: How do these changes impact my existing PPP loan? I…

Mortgage rates hit another all-time low on Friday for most lenders. Other lenders had slightly lower rates yesterday morning.  Since then however, almost every lender has moved up from those lows, even if only by microscopically small amounts in the bigger picture.  Purchases and refinances continue to be offered at vastly different rates.  The gap is as wide a half a percent for…

I decided to review more details on the Mortgage Relief situation. To also learn more on many of the current Mortgage Relief details,  please visit this page and links. https://www.dansrealestateloans.com/mortgage-relief-info/ This is a article I noted 12-17 that is also worth a read.  https://www.housingwire.com/articles/the-next-coronavirus-front-evictions-and-foreclosures/ If we can help you with any questions, please feel free…