BREAKING NEWS: Coronavirus Pandemic Impact On Lenders And Mortgage Borrowers Gustan Cho Associates encourage our readers to take the necessary precautions to keep themselves and their loved ones as safe as possible during these times of uncertainty. This worldwide pandemic is something I have never seen in my lifetime. This blog is written to keep […]
This Breaking News Is About LLPA During Coronavirus Pandemic Mortgage Crisis Understanding LLPA During Coronavirus Pandemic Mortgage Crisis. The coronavirus pandemic has created disruption and chaos in the secondary mortgage bond markets. Loan Level Pricing Adjustments are commonly referred to as LLPA. LLPA’s are pricing adjustments on mortgages. Lenders determine mortgage rates based on risk […]
BREAKING NEWS: Chicago Mayor Lightfoot To Increase Property Taxes For 2021 Chicago Mayor Lightfoot To Increase Property Taxes For 2021. The city of Chicago does it again. Chicago Mayor Lori Lightfoot is resorting to increasing property taxes and other taxes to fix the $1.2 billion dollar budget deficit. Chicago is hands down the highest taxed […]
Breaking News: This Breaking News Article Is About CARES ACT Forbearance Extended On Mortgages For Homeowners Great news for homeowners who are still having financial difficulties due to the coronavirus pandemic. As American’s continue to deal with the aftermath and chaos from the shutdowns caused by the COVID-19 coronavirus outbreak, the Federal Housing Finance Agency […]
BREAKING NEWS: The Coronavirus Mortgage Meltdown And How MBS Process Works. The Coronavirus Mortgage Meltdown is impacting the real estate and mortgage industry. The Coronavirus Mortgage Meltdown caused the mortgage markets in chaos. The Coronavirus Mortgage Meltdown created confusion not just among borrowers but also loan officers and other mortgage and real estate professionals. The […]
BREAKING NEWS: Refinancing During Coronavirus Pandemic Mortgage Crisis Hurdles with Refinancing During Coronavirus Pandemic Mortgage Crisis: With all the global news surrounding the COVID-19 coronavirus outbreak, there is a strong surge of refinance mortgage transactions. In this blog, we will give a quick update on the coronavirus affecting mortgages and how to complete a refinance […]
This BREAKING NEWS ARTICLE Is About The Housing Shortage Facing Homebuyers And Skyrocketing Prices The U.S. is facing a severe Housing Shortage Facing Homebuyers And Skyrocketing Prices. The housing market was booming prior to the coronavirus outbreak in February 2020. All states had their governors exercise their executive stay-at-home orders and were shut down. Unemployment […]
BREAKING NEWS: Mortgage Pre-Approval During The COVID-19 Pandemic Crisis Obstacles And Changes On Mortgage Pre-Approval During The COVID-19 Pandemic Crisis: If you have been following Gustan Cho Associates, you know the mortgage industry is rapidly changing due to the COVID-19 coronavirus outbreak With over 40 million Americans out of work, it has become tougher than […]
Today’s breaking news on the Federal Reserve Board not increasing interest rates despite inflation rate soaring above the norm. The Feds will continue to keep rates at zero percent for the rest of the year and even into 2022. The Fed will also purchase $120 billion worth of mortgage bonds every bond, thus keeping the yields on the treasuries low and mortgage rates low.
This Breaking News Article Is About States Attracting New Taxpayers Due To Low Taxes And Cost Of Living 2020 is finally over and we are off to a new start in 2021. Americans faced many challenges in 2020. Americans have been able to endure 2020 with the health, economic, and political impact on us as […]
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