Friday – May 1, 2020 Sell in May And go away! That’s how May is kicking off today with U.S. stocks considerably lower after Apple and Amazon reported mixed earnings. In addition, the White House is threatening new tariffs on … Read More
These are crazy times we are in. That being said, we will all get through this, hopefully sooner rather than later. As you are aware, many institutional lenders are allowing for forbearance (deferral of mortgage payments) programs. However, note that … Read More
Friday – April 24, 2020 Growing fears of a pandemic induced economic slowdown, chaos in the oil markets, a mixed bag of earnings and staggering first-time unemployment claims filled the event list this week in the markets. Economic data for … Read More
Even in the midst of this COVID-19 pandemic, homebuyers are still shopping for homes. And lenders are still originating purchase mortgages. There are new ways to view homes now and lending restrictions that are making it harder for first-time homebuyers … Read More
Friday – April 17, 2020 Plans and guidelines to reopen the U.S. economy along with a report out that a new drug could treat the virus are fueling the risk-on trade today. The White House announced guidelines last night to … Read More
Like the cavalry to the rescue, the Federal Reserve came over the hill today and set forth an unprecedented stimulus package to the tune of $2.3T. This is to provide liquidity, relief and help to stimulate the economy. From the … Read More
Thursday – April 9, 2020 Like the cavalry to the rescue, the Fed came over the hill today and set forth an unprecedented stimulus package to the tune of $2.3T to again provide liquidity, relief and help to stimulate the … Read More
Recently, mortgage forbearance was issued to many borrowers requesting assistance amid the Coronavirus pandemic. The problem is, long holds and unclear terms seem to be the current normal with this issuance. The Cares Act mandates that all borrowers with government-baked … Read More
Friday – April 3, 2020 The coronavirus fallout continues to impact the U.S. economy and will continue for several months. The March Jobs Report showed 701,000 jobs lost, far below expectations and just the first in what will be a … Read More
WHEN THE BEAR BOTTOMS – The S&P 500 has fallen 34% as of Monday 3/23/20 from its all-time closing high set on 2/19/20, the index’s 12th bear market since the end of WWII. The average return for the S&P 500 … Read More