~ 22% of builders cut home prices in April 2020

Nationally:
~ "22% of Builders Cut Home Prices in April 2020 in order to bolster sales and/or limit cancellations."

Regionally:
South (26)
Midwest (23%)
West (13%)
Northeast (12%)

Full Article: http://eyeonhousing.org/2020/05/22-of-builders-reduced-home-prices-in-april-2020/

1.07 Million Refinances Secured in Q1 2020

Full Article:
https://themreport.com/daily-dose/05-21-2020/1-07m-refinances-secured-in-q1-2020

Price For Residential Building Materials Fell 4.1% in April

Full Article HERE:

https://themreport.com/daily-dose/05-14-2020/residential-building-materials-decline-in-april

Builder confidence Rose 7 points In the newly-built single-family home Market

(This follows the Previous Decline from from the COVID-19 pandemic)

Full Article HERE:  

https://themreport.com/daily-dose/05-18-2020/homebuilder-confidence-on-the-rise

1st quarter Single-Family home permits issued Increase 18.9%

"Over the first three months of 2020 – and prior to the impact of the coronavirus, the total number of
single-family permits issued year-to-date (YTD) nationwide reached 220,416.
(On a year-over-year basis),
this is an 18.9% increase over the March 2019 level of 185,336."

FULL ARTICLE & INFO: HERE

http://eyeonhousing.org/2020/05/single-family-permits-were-solid-in-march/

How Much Will Stimulus Checks Help Homeowners?

https://themreport.com/daily-dose/04-15-2020/how-far-will-stimulus-checks-go-for-homeowners

DS5: Challenges in Property Preservation

https://dsnews.com/daily-dose/05-14-2020/ds5-challenges-in-property-preservation

Pace Of Loans Entering Forbearance Slows

"Over the past week, about 26,000 loans entered forbearance each day. This is 85% fewer loans per day than recorded in early April."

https://dsnews.com/daily-dose/05-15-2020/pace-of-loans-entering-forbearance-slows

Quit freaking about your Lender pulling credit!

https://www.youtube.com/user/JordaanSieben

NAR Flash Survey: Economic Pulse

NAR Flash Survey: Economic Pulse: NAR conducted a flash survey of members on the impact of the coronavirus on their market, including mortgage rates, buyer interest, and seller behavior.

"...77% of Potential Home Sellers are Preparing to Sell..." (National Association of Realtors)

https://www.nar.realtor/newsroom/realtors-report-that-77-of-potential-home-sellers-are-preparing-to-sell-following-end-of-stay-at

COVID-19: Homeowners Additional Relief(From HUD)

Homeowners Receive Additional Relief From HUD

Those impacted by COVID-19 can have mortgage payments deferred or reduced for up to six months. Click through more details.» READ MORE

Review 5/5 Stars: "...He stuck with us and explained everything..."

https://socialsurvey.me/pages/jordaan-sieben/5bb32d77e4b072a36640fd65

Only 15% down on Investment property Purchase LOAN!

Super Jumbo Mortgage Loans up to 10 Million

Larger Amounts Will be Taken Info Consideration

5 Things to Avoid During the Loan Process

jsieben.usa-mortgage.com

What Makes Up Your Mortgage Payment?

jsieben.usa-mortgage.com

Loan Products, USA Mortgage, Jordaan Sieben

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What is the Proper Mix of Credit?

• Cut up the credit cards, pay cash for everything, don't ever use financing! These are the instructions that some "financial gurus" give to their clients. 

• That is great advice if you want to have a low score or no score at all. While this might be decent advise to live by when it comes to most purchases, when it's time to buy a home you're probably going to need to borrow HUNDREDS OF THOUSANDS OF DOLLARS. 

• In order to maintain a great credit score and qualify with ease, you'll need to establish and maintain a healthy "mix" of credit. 

• When you look at these accounts as tools instead of money, you can make the rules of the game work in your favor. 

• In this quick video you'll learn about the proper Mix of Credit and how different types of accounts are vital to keeping a great credit score, which will allow you to make large purchases when necessary.

Reference 

Sam Parker  CEO - Owner   sam@mycreditguy.com  480-999-2550  http://www.mycreditguy.com

Mortgage Identity Fraud Growth

The Numbers:

• $5.3 billion: the amount targeted by perpetrators via business email compromise in 2016 (source: FBI)
• 480 percent: the year-over-year increase in wire fraud scams reported by title companies to the Internet Crime Complaint Center (IC3) in 2016
• 2,370 percent: the increase in identified exposed losses to the most typical of wire fraud scams between January 2015 and December 2016
• 50: the number of states in which attempted wire fraud has been reported (source: IC3 and American Land Title Association)
• 131: the number of countries in which attempted wire fraud has been reported (source: IC3 and ALTA)
• 103: the number of nations to which fraudulent transfers have been rerouted (source: IC3 and ALTA)

These are the reported cases.

Only 10 to 15 percent of fraud attempts are even reported.

It is necessary for the industry to recognize the scale of wire fraud, and the harm it brings.  

Stay aware, and be diligence to mitigate risk.

Article:

http://www.dsnews.com/daily-dose/12-18-2017/identity-fraud-mortgage-threat-real-growing