Mortgage

CFPB Warns Loan Servicers to Prepare for Wave of Mortgage Foreclosures This Fall

By Jeff Sorg, OnlineEd Blog (April 1, 2021) “There is a tidal wave of distressed homeowners who will need help from their mortgage servicers in the coming months.” WASHINGTON, D.C. –The Consumer Financial Protection Bureau (CFPB) today warned mortgage servicers to take all necessary steps now to prevent a wave of avoidable foreclosures this fall. Millions of

Centers for Disease Control and Prevention Announces Extension of Moratorium on Residential Evictions

The CFPB and FTC are working with CDC to make renters aware of their rights By Jeff Sorg, OnlineEd Blog (March 30, 2021)   WASHINGTON, D.C. – The COVID-19 pandemic has created a financial crisis that threatens the ability of millions to stay in their homes. Renters and homeowners experiencing pandemic-related unemployment or wage reduction are struggling to

Categories: Mortgage, Real Estate

Over 11 Million Families at Risk of Losing Housing

Federal foreclosure moratorium slated to end June 30, 2021 By Jeff Sorg, OnlineEd Blog (March 1, 2021) CFPB, WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued a report that warns of widespread evictions and foreclosures once federal, state, and local pandemic protections come to an end, absent additional public and private action. Over

Eviction and Foreclosure Moratoriums on Federally-backed Single-family Mortgages Extended Through March 31, 2021

HUD has implemented President Biden’s requests to immediately extend eviction and foreclosure moratoriums By Jeff Sorg, OnlineEd Blog (January 25, 2021) US Dept. of HUD – Acting U.S. Housing and Urban Development (HUD) Secretary Matthew E. Ammon today announced that the Department has implemented President Biden’s requests to immediately extend eviction and foreclosure moratoriums on federally-backed single-family

Monthly New Residential Sales for November 2020

Sales of new single-family houses rise above last October By Jeff Sorg, OnlineEd Blog (December 1, 2020) (Washington, DC ) – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced on November 25, 2020, the following new residential sales statistics for October 2020: New Home Sales Sales of new single-family houses in

Fannie and Freddie Baseline Limit Increases to $548,250 in 2021

FHFA Announces Conforming Loan Limits for 2021 By Jeff Sorg, OnlineEd Blog (November 30, 2020) Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021.  In most of the U.S., the 2021 maximum conforming loan limit (CLL) for

Categories: Mortgage, Real Estate

Effective Immediately: Discriminatory Speech and Conduct Outside of REALTORS® Practice is Prohibited

The NATIONAL ASSOCIATION OF REALTORS® Board of Directors approved a change today expanding the Code of Ethics’ applicability to discriminatory speech and conduct outside of members’ real estate practices. OnlineEd Blog (November 13, 2020)   Salem, Oregon November 13, 2020 – NAR’s Board of Directors today strengthened REALTORS®’ commitment to upholding fair housing ideals, approving a

CDC Halts Evictions Nationwide – Renters Must Claim Protection

Centers for Disease Control Moratorium Stops Residential Evictions to Help Prevent Spread of COVID-19 By Jeff Sorg, OnlineEd Blog (September 2, 2020) The Centers for Disease Control and Prevention (CDC), located within the Department of Health and Human Services (HHS), announced the issuance of an Order under Section 361 of the Public Health Service Act to

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Top Relocation States During the Pandemic

Florida tops the list of buyer destinations during the pandemic By Jeff Sorg, OnlineEd Blog (August 19, 2020)       (OnlineEd) – Hire a Helper, who has been helping people move for over 10 years, has released what they bill as “The Ultimate Collection of US Moving Statistics” on their web site https://www.hireahelper.com/. The report