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For people to see what they are doing in their state for foreclosures. https://www.nclc.org/issues/foreclosures-and-mortgages/covid-19-state-foreclosure-moratoriums-and-stays.html For people who are renters and need eviction info on privately backed mortgages https://evictionlab.org/covid-policy-scorecard/ General site for people with questions about eviction and mortgage relief https://www.lawhelpmn.org/self-help-library/fact-sheet/covid-19-mortgage-payments-and-foreclosures-during-pandemic

Learn about mortgage relief options and protections A federal law put in place two protections for homeowners with federally or Government Sponsored Enterprise (GSE) backed mortgages (FHA, VA, USDA, Fannie Mae, Freddie Mac). Learn more about these options and if they’re right for your situation. Read More From The consumerfinance.gov Article

Landlords: How To Pay Your Mortgage & Property Expenses (COVID-19) Summary: In this article you’ll learn several options for paying your mortgage and property expenses if your tenants don’t pay rent due to COVID-19. The Economic Injury Disaster Loan (EIDL) and Grant, which is the best option for most landlords, is explained in detail. We’ve also …

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Minnesota home sales show signs of slowing amid pandemic Under strict stay-at-home mandates, both the selling and buying of homes appears to be slowing in Minnesota. New listings of homes across the state plummeted by nearly 26% in April while pending sales dropped by 20.5%, according to new numbers from Minnesota Realtors, which represents 21,000 …

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Some homeowners are getting mortgage bailouts by mistake, and it’s keeping them from refinancing Key Points: In a rush to help consumers who have been impacted financially by the coronavirus pandemic, the government authorized a massive mortgage bailout under the CARES Act. Some borrowers’ inquiries were misunderstood and some servicers, swamped with hundreds of thousands …

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Mortgage delinquencies caused by the coronavirus will exceed Great Recession levels, according to this forecast The coronavirus-fueled economic downturn is hitting homeowners hard. And the worst may be yet to come. A new report from U.K.-based economic forecasting firm Oxford Economics estimates that 15% of homeowners will fall behind on their monthly mortgage payments. If that forecast …

Mortgage delinquencies caused by the coronavirus will exceed Great Recession levels, according to this forecast Read More »

HUD watchdog: Some servicers are providing wrong information about forbearance Some of the largest mortgage servicers in the country are providing borrowers with “confusing and, at times, seemingly contradictory” information about forbearance, a federal watchdog said. Some servicers of loans backed by the Federal Housing Administration were giving information about forbearance that is “incomplete, inconsistent, dated, and …

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