The Credit Industry in the Face of COVID-19

Editorial note: This interview was conducted on March 26, 2020. The ever-changing status of the novel Coronavirus public health crisis continues to impact the U.S. housing market. The thoughts expressed here were valid as of this writing. The mortgage lending industry is facing unprecedented challenges right now due to the ever-changing novel coronavirus crisis. What […]

Are Notaries Considered Essential Businesses?

This year’s spring home-buying market looks drastically different than what was originally predicted. The early forecasts for a hot purchase market were instead met with never-before-seen refinance levels, as COVID-19 changed the course of the real estate market. Despite these changes, the industry not only remains operational, but it’s working in overdrive to meet demand and adjust to the challenges that […]

People Are Still Putting Their Mansions on the Market

Bill Grabowski, the owner of Healthstar Inc. a pharmaceutical machinery business, has lived with his wife on the same piece of land in Quincy, Mass., for more than 30 years. Now, with U.S. equities imploding and states of emergency being declared across the country, Grabowski has decided to list his four-bedroom, four-bath house for just […]

Land Gorilla Launches Remote Inspections

In light of businesses closing due to coronavirus, construction loan management software company Land Gorilla has introduced remote inspections to support industries impacted by the coronavirus. With the changing way consumers and businesses now have to interact with each other, companies, like Land Gorilla, are working to adapt to the changes. Land Gorilla Chief Executive Officer Sean Faries told HousingWire […]

Compliance Matters: Social Media Challenges

Question: We are constantly monitoring our loan officers’ social media use. We train them from our written policies and procedures. I found out from a friend recently that Jonathan Foxx had written a White Paper on social media, so I went to your Web site and downloaded it. It was amazingly helpful, especially in outlining […]

How the Coronavirus will Impact U.S. Home Prices

In these unprecedented times, I find myself reflecting on Rod Serling’s Twilight Zone monologue on travel into an uncharted dimension, “Beyond that which is known to man…It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man’s fears and the summit of his knowledge.”  We […]

Fannie & Freddie Relax Appraisal, Employment Verification Standards

Citing the extraordinary circumstances that the country is facing with the ongoing spread of the coronavirus, the Federal Housing Finance Agency announced Monday that it is directing Fannie Mae and Freddie Mac to ease their standards for both property appraisals and verification of employment. The moves are part of a growing effort to “facilitate liquidity in the mortgage market during the coronavirus national […]

Slide the Paperwork Under the Door

It has all the trappings of a routine mortgage refinance closing. The mortgage broker, the lawyer and the homeowner, all signing off on the paperwork that will cut the interest rate on a single-family home in suburban Fairfield, Conn. But as agreed, the broker and lawyer will stay in the garage. And the papers will […]

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