Approximately 4.7 Million Mortgages in Forbearance

by | May 19, 2020 | Uncategorized

Approximately 4.7 million mortgages are in some stage of forbearance at this point. This represents approximately 8.8% of all home loans. The number of borrowers with secured agreements to delay payments rose from 4.5 million to 4.7 this week. This translates into...

Governor Reopens Jersey Shore for Memorial Day

by | May 18, 2020 | Uncategorized

Governor Phil Murphy announced that New Jersey’s beaches would reopen on May 22nd. This was an action taken in light of the fact that the shore economy was dependent upon its reopening. There was some concern that the beaches would not open until much later in...

Mortgage Applications Surge By 11%

by | May 15, 2020 | Uncategorized

According to the Mortgage Bankers Association, buyer demand continues to keep the number of mortgage applications rising on a regular basis. As more and more states are opening up for business, the housing sector appears to be gaining some momentum, reflecting...