Forbearance Plans Drop to New Low

Forbearance, (when mortgage lenders allow you to delay payments for a specified time) rates are at a 7 month low.  Many homeowners took advantage of forbearance plans in the early Spring due to COVID-19.  Mortgage forbearance plans make up almost 6% of all mortgages which is the lowest rate since April when it was 3.74%. Continue reading “Forbearance Plans Drop to New Low”

Delinquencies Place Two FL Cities in Top 10

A large number of FHA mortgage delinquencies have placed Orlando (9) and Tampa (10)  in the top ten cities in the nation.  This could become a serious situation as COVID-19 unemployment benefits expire and unemployment remains high.  Nationally, in September over 3.5 million FHA mortgages were enrolled in a forbearance plan. Ed Curry has earnedContinue reading “Delinquencies Place Two FL Cities in Top 10”

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