by Anthony | Apr 17, 2020 | Uncategorized
First of all, not all debt is calculated equally. There is standard credit card debt, and then student debt, auto loans and home mortgages. They aren’t viewed the same way by the credit agencies. A recent article reported that the average amount...
by Anthony | Apr 16, 2020 | Uncategorized
Seeing a Buying Slow-Down According to Realtor.com’s March 2020 Monthly Housing Market Trends Report, the nation’s available real estate inventory declined by 191,000 listings, or 15.7%, in March 2020 on an annual comparative basis with March...
by Anthony | Apr 15, 2020 | Uncategorized
Last month, some economists were predicting a likely recession by 2021. But it was all a guessing game. The economy was white-hot, and then Corona came to town. Consumer spending, business closings, furloughs and social distancing are all pointing to a recession. This...
by Anthony | Apr 14, 2020 | Uncategorized
When JPMorgan Chase announced that it is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the novel coronavirus disruption, the initial reaction might be concern. Hold on and take a deep breath....
by Anthony | Apr 13, 2020 | Uncategorized
The new CARES Act, which President Donald Trump signed March 27, will limit the economic damage resulting from COVID-19. Consequently, requests to delay mortgage payments jumped 1896% for the weeks of March 16-30 as borrowers continue to seek relief during the...
