Mortgage Forbearance – what does it really mean?

Julie C. Nichols Mortgage Leave a Comment

The Covid-19 Coronavirus has led to some challenging times for all of us. The Government has created the CARE Act, to assist homeowners whose income may have been adversely impacted by the coronavirus. One of the components of the CARE Act is the possibility of mortgage forbearance. Forbearance is often misinterpreted. And while it is intended to help, it can …

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Julie C. Nichols Mortgage

Hello! I’ve recently won the Five Star Mortgage Professional award for the 8th year in a row and am being featured as one of the outstanding mortgage professionals in Dallas/Fort Worth. Thank you everyone for your support! https://www.fivestarprofessional.com/Spotlights/62325  

Congratulations Paul & Michelle

Julie C. Nichols Mortgage

Congratulations Paul and Michelle on your new beautiful #BloomfieldHome and thank you for allowing Highlands Residential Mortgage to assist you with your mortgage.      

CoreLogic Loan Performance

Julie C. Nichols Mortgage

Reblogged from MBS Highway: https://www.mbshighway.com/gallery/CoreLogic-Loan-Performance-10-8-2019-png   CoreLogic released their Loan Performance report for the month of July, showing that loans 30-days or more past due decreased from 4.0% to 3.8%, while seriously delinquent loans, which is defined as 90-days or more, remained unchanged at 1.3%.  Seriously delinquent homes in foreclosure were unchanged at 0.4%.     The views expressed are …

FHFA House Price Index

Julie C. Nichols Mortgage

Reblogged from MBS Highway: https://www.mbshighway.com/gallery/FHFA-9-24-2019-png   The FHFA (Federal Housing Finance Agency) House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts rose 0.2% in June and 5% year over year.  This was an acceleration from the previous report, which was reported at 4.8%.  Homes near the median home price are on fire, while the …

Existing Home Sales

Julie C. Nichols Mortgage

Reblogged from MBS Highway:  https://www.mbshighway.com/gallery/Existing-Home-Sales-9-19-2019-png   Existing Home Sales increased 1.3% in August to the highest level in 17 months.  The Median Home Price was reported at $278,200, up 4.7% year over year.  Total inventory at the end of August was down 2.6% year over year.  At the current pace of sales, there is a 4.1-month supply, down from 4.2. …

Existing Home Sales

Julie C. Nichols Mortgage

Reblogged from MBS Highway https://www.mbshighway.com/gallery/Existing-Home-Sales-9-19-2019-png   Existing Home Sales increased 1.3% in August to the highest level in 17 months.  The Median Home Price was reported at $278,200, up 4.7% year over year.  Total inventory at the end of August was down 2.6% year over year.  At the current pace of sales, there is a 4.1-month supply, down from 4.2. …

Housing Starts

Julie C. Nichols Mortgage

Reblogged from MBS Highway https://www.mbshighway.com/gallery/Housing-Starts-9-18-2019-png   Following the best builder confidence reading of the year yesterday, Housing Starts were reported up 12.3% in August…And July was revised higher.  Single-family starts were up 4.4% to the best level since January. Permits, which are a good forward-looking indicator, also showed strength, jumping 7.7% in August.  Single-family permits were up 4.5%, which is …

FHFA House Price Index

Julie C. Nichols Mortgage

Reblogged from MBS Highway: https://www.mbshighway.com/gallery/FHFA-8-27-2019-png   The FHFA (Federal Housing Finance Agency) released their House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts.  Today’s report showed that home prices rose 0.2% in June and 4.8% year over year.  This was a slight decline from the previous report, which was reported at 5.2%.  Remember that …

New Home Sales

Julie C. Nichols Mortgage

Reblogged from: https://www.mbshighway.com/gallery/New-Home-Sales-July-8-23-2019-png   New Home Sales, which measures signed contracts on new homes, were down 12.8% in July, which was much less than the unchanged reading expected.  But that does not tell the whole story.  The June report, which was already up 7%, was revised significantly higher by 82,000 sales to a 12-year high.  When taking the revision into …