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ByGustan Cho
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This ARTICLE On Qualifying For FHA Loans During Coronavirus Pandemic Was PUBLISHED On April 4th, 2020 The coronavirus pandemic has not just halted the US economy but has turned the mortgage industry upside down. FHA, VA, USDA, Fannie Mae, Freddie Mac has not changed any agency mortgage guidelines However, most lenders are facing major liquidity…
ByGustan Cho
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This ARTICLE On Mortgage Guidelines After Unemployment Due To Coronavirus Crisis Was PUBLISHED On April 4th, 2020 There are many Americans who have worked hard over the years saving money to purchase a home in 2020. The US economy was stronger than ever in the history in the past several years Job growth was increasing…
ByMike Gracz
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BREAKING NEWS: Home Buying Process During The Coronavirus Pandemic Crisis As Americans received some puzzling news from the White House coronavirus task force briefing yesterday on March 31, 2020, we all must prepare for things to get worse before they get better. By the graphs and model charts presented, we are in for a dark…
ByAlex Carlucci
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BREAKING NEWS: The Fed To Stabilize Mortgage Market Due To Coronavirus Pandemic Most mortgage lenders are going through a tough time due to the coronavirus pandemic crisis. The coronavirus pandemic has caused a shut down in the US economy The Dow Jones Industrial Average has tanked over 20% in a matter of a few weeks,…
ByAlex Carlucci
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BREAKING NEWS: The 2 Trillion Stimulus Will Devastate The Mortgage Markets And Affect Lending The 2 Trillion Stimulus Will Devastate The Mortgage Markets And Affect Lending. Mortgage lenders nationwide have seen the impact already from the coronavirus pandemic Congress passed the 2 trillion stimulus package today to help individuals, families, and businesses Included in the…
ByGustan Cho
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This article is about Conventional Loan 101 For New Loan Officers And Borrowers I like to congratulate those who recently took the NMLS Exam And Passed it. Now the fun part of becoming a loan officer starts The NMLS exam is a tough 3 hour 125 question national test The only way and best way candidates…
ByAlex Carlucci
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BREAKING NEWS: The Coronavirus Stimulus Bill To Help Consumers And Homeowners Stocks are surging on news the Coronavirus Stimulus Bill was passed in the Senate. So what does this mean to American consumers and businesses? The stock markets had winning days for the past three days However, the mortgage markets are beyond chaos with uncertainty…
ByAlex Carlucci
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BREAKING NEWS: Record Low Mortgage-Rates Skyrocket Due To Capacity And Liquidity Issues By Lenders Record Low Mortgage-Rates Skyrocket: The coronavirus originated from Wuhan, China in December 2019. The virus rapidly spread to other parts of the world including the United States The US economy was the strongest in history until the coronavirus outbreak hit the…
ByMike Gracz
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This ARTICLE On The Coronavirus Update For Purchase And Refinance Mortgage Borrowers Was PUBLISHED On March 25th, 2020 Gustan Cho Associates continue to work vigorously to close our current pipeline and originate new mortgage loans during these crazy times We would like to update our clientele in our current situation The COVID-19 coronavirus is something…
ByGustan Cho
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This BLOG On Mortgage Compliance And Changes In Mortgage Industry Was UPDATED And PUBLISHED On March 25th, 2020 So, mortgage interest rates are increasing and have been the highest since 2008. Mortgage lending guidelines and mortgage compliance have tightened up to the point where prime borrowers are the norm. Mortgage default rates have dropped to…
ByAlex Carlucci
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BREAKING NEWS: How The Coronavirus Is Impacting The Housing And Mortgage Market There is no doubt The Coronavirus Is Impacting The Housing And Mortgage Market. The housing market was rock-solid prior to the coronavirus pandemic hitting the United States Not only did we have a strong housing market, but the United States economy has been…
ByAlex Carlucci
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BREAKING NEWS: Impact on Mortgage Rates Versus Fed Rate Cut To Zero Percent. The coronavirus pandemic has turned the global economy upside down, especially in the United States. The impact in the U.S. economy has affected corporations, small businesses, workers, and consumers. The coronavirus outbreak started in December 2019 and has escalated to many state…
ByAlex Carlucci
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This BLOG On Mortgage Closing Process In Illinois On Home Purchases Was UPDATED And PUBLISHED On March 23rd, 2020 Julie Hayward is the President and Managing Broker for Illinois based real estate company EDGE REALTY INC. and the author of this article Mortgage Closing Process In Illinois. Here is a Mortgage Closing Process In Illinois Question and…
ByAlex Carlucci
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BREAKING NEWS: HUD To Halt Foreclosure And Evictions Due To Coronavirus Pandemic Many of us remember the 2008 financial crisis. Millions of Americans literally lost their jobs overnight and were without income where they could not pay for their monthly housing payments There is no time in US history where foreclosure and bankruptcy rates have…
ByAlex Carlucci
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BREAKING NEWS: Trump Economic Stimulus Sends Stock Markets Higher But Mortgage Markets Are In Chaos The Dow Jones and other equity markets closed higher today after the Trump Economic Stimulus News. The financial markets spiked today after yesterday’s Dow 1,300 plunge The equity markets have lost all of the gains made since President Trump’s inauguration…
ByGustan Cho
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This ARTICLE On Why Opening New Credit Cards Raise Scores And Help For Mortgage Was PUBLISHED On March 19th, 2020 Why Opening New Credit Cards Raise Scores And Help Borrowers Qualify For A Home Loan: After the coronavirus pandemic is under control and the economy has stabilized, the home purchase market is expected to be…
ByMike Gracz
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This BLOG On California Roads And How It Affects California Home Purchase Was UPDATED And PUBLISHED On March 19th, 2020 California is the nation’s most populous and largest state. California also has the highest tax rate in the United States Average homes in the United States are priced at $268,500 However, average homes in California…
ByAlex Carlucci
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BREAKING NEWS: Coronavirus Impact On Housing Market As Dow Plunges 1,300 The Coronavirus Impact On Housing Market is a major concern for Americans. The stock markets are almost down 30% since its all-time high on February 12th, 2020 The Dow and other equity indexes are trading in bear market territory The 2020 housing market forecast…
ByGustan Cho
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This BLOG On Mortgage Lenders In Chicago With No VA Lender Overlays Was UPDATED And PUBLISHED On March 18th, 2020 Veteran Home Buyers who are looking for Lenders In Chicago With No VA Lender Overlays came to the right place. VA Lender Overlays are Lender Overlays that is above and beyond the VA Guidelines imposed…
ByAlex Carlucci
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BREAKING NEWS: Stocks Recover After 3000 Point Drop On Monday But Mortgage Rates Up This breaking news article on Stocks Recover After 3000 Point Drop On Monday But Mortgage Rates Up was PUBLISHED On March 17th, 2020 The Dow Jones plummeted nearly 3,000 points yesterday after the Fed cut rates on Sunday. The emergency rate…
ByGustan Cho
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This ARTICLE On Reasons Real Estate Agents Wants You Pre-Approved Was PUBLISHED On March 17th, 2020 The Pre-Approval Stage Of The Mortgage Process Is The Most Important Part Of Your Home Buying Process: This Blog Shows The Reasons Real Estate Agents Wants You Pre-Approved There are reasons real estate agents want you pre-approved before showing…
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