- Homebuyers
- November 12, 2020
All About PMI
Let's dive into one of those mortgage acronyms—PMI.
Ben is the Managing Editor for New American Funding. In this role, Ben helps with content creation, news coverage, and serving our audience of borrowers, real estate agents, loan originators, and other housing professionals. Prior to joining New American Funding, Ben worked at HousingWire, a top housing media outlet. Ben joined HousingWire in 2014 as a reporter and was later promoted to Senior Financial Reporter, Editor, and eventually to Managing Editor. During his time at HousingWire, Ben helped elevate HousingWire to national acclaim and record traffic growth. He was also honored with multiple awards for his work, including an Eddie Award from Folio Magazine and a Gold Award for Best Trade Magazine Story from the National Association of Real Estate Editors.
During the early pandemic, millions of homeowners requested mortgage forbearance under the CARES Act amid rising job losses.
Despite the pandemic, low rates are driving a record year for home purchases and refinances.
Home sales are usually slow at year-end, but October saw faster sales than September, a first since 2011.
Buying or refinancing a home can be confusing with unfamiliar terms like FHA loan, LTV, DTI, and APR.
The FHA is extending its pandemic-related appraisal rule changes through the end of the year.
Fannie Mae warns of questionable income sources appearing on mortgages.
Amid global uncertainty, housing predictions remain relatively stable.
With mortgage rates near historic lows, you might be considering refinancing.
FHFAs Calabria confirms Fannie Mae and Freddie Mac refinance fee starts December 1.