Property News
Chief regulator says mortgage bailout is 'on the honor system', pleads with borrowers to be honest
CNBC - 1 Apr 2020 20:03
The $2 trillion stimulus package just signed into law states that borrowers need not provide any proof of financial hardship. They can simply say they can't pay.
Coronavirus effect could be 'far deeper than the subprime crisis,' says mortgage company CEO
CNBC - 1 Apr 2020 18:44
For most mortgage borrowers, the first of the month is payment day. This month, however, is a very different story. Millions of borrowers have either lost jobs or income, and are suddenly struggling to make those monthly...
NY legislators push to cancel rent for three months
CNBC - 1 Apr 2020 18:27
CNBC's Robert Frank details plans in the New York state legislature to cancel rent for three months as the fallout from the coronavirus outbreak continues.
Where your coronavirus stimulus check will go furthest, based on US rents
CNBC - 1 Apr 2020 16:29
Millions of workers have reason to cheer, thanks to a $2 trillion stimulus package passed by Congress last week that will put checks in their pockets. But how far will $1,200 really go? CNBC took a look at what that sum ...
Mortgage applications to buy a home plummet 24% annually as coronavirus slams spring housing
CNBC - 1 Apr 2020 13:26
The coronavirus appears to be splitting the mortgage market as more borrowers rush to refinance to save money on monthly payments and potential homebuyers back away fast.
How coronavirus seems to be splitting the mortgage market
CNBC - 1 Apr 2020 13:25
CNBC's Diana Olick reports on the latest weekly mortgage applications data.