Posted in home improvement loans

Coronavirus mortgage bailouts fall below 3 million

The number of mortgages in active pandemic-related bailouts plunged in the past week as the first wave of forbearance plans hit the end of their six-month term.

It was the largest decline since the crisis began.

Over the past week, active forbearances dropped by 649,000, or 18%, according to Black Knight, a mortgage technology and data analytics firm. That brings the total number of plans, both government and private sector, below 3 million for the first time since April. In addition, the decline was noticeably larger than the drop of 435,000 when the first wave of forbearances hit the three-month mark in early July.

As of Oct. 6, 2.97 million homeowners remain in pandemic-related forbearance plans, or 5.6% of all active mortgages, down from 6.8% the previous week. The loans represent collectively $614 billion in unpaid principal.

These plans allow borrowers to delay their monthly payments for at least 30

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Posted in home improvement loans

Coronavirus mortgage bailouts fall below 3 million in pandemic’s sharpest decline

  • The number of mortgages in active pandemic-related bailouts plunged as the first wave of forbearance plans hit the end of their six-month term.
  • Over the past week, active forbearances dropped by 649,000, or 18%, according to Black Knight, a mortgage technology and data analytics firm.
  • That brings the total number of plans below 3 million for the first time since April.
  • As of Oct. 6, 2.97 million homeowners remain in pandemic-related forbearance plans, or 5.6% of all active mortgages, down from 6.8% the previous week.



a large brick building with grass in front of a house: Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois.


© Provided by CNBC
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois.

The number of mortgages in active pandemic-related bailouts plunged in the past week as the first wave of forbearance plans hit the end of their six-month term.

It was the largest decline since the crisis began.

Over the past week, active forbearances dropped by 649,000, or

Read More
Continue Reading Coronavirus mortgage bailouts fall below 3 million in pandemic’s sharpest decline
Posted in home improvement loans

Australia should brace for a wave of business failures and growing mortgage stress, the RBA warns, as support measures fall away


Australia’s central bank expects the number of small business failures will “rise substantially” as income and loan pressure builds.

With income support measures and more than $200 billion in loan deferrals set to expire, the Reserve Bank of Australia (RBA) says between 10% and 15% of businesses in hard-hit sectors won’t make it as they run out of cash.

“These businesses are in a tenuous position and are particularly vulnerable to a further deterioration in trading conditions or the removal of support measures,” the RBA wrote in its Financial Stability Review published on Friday.

“Survey evidence indicates that about one-quarter of small businesses currently receiving income support would close if the support measures were removed now, before an improvement in trading conditions.”

While the RBA acknowledged there was “a high degree of uncertainty about the magnitude and timing” of those failures, the prognosis doesn’t look good.

For one, the number

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Posted in kitchen design ideas

fall is the time to tackle outdoor projects

Cathy Hobbs, Tribune News Service
Published 7:39 p.m. ET Oct. 8, 2020

With fall in full swing and winter soon approaching, now may be the ideal time to get any outstanding outdoor projects out of the way. There may also be the desire, with the change of seasons to execute not only necessary repairs and preventive maintenance but also upgrade to include some outdoor entertainment that can be enjoyed during colder months.

Here are some ideas as it relates to fall projects.

1. House painting. Looking to give your home a refresher? While many choose to paint in the Spring, the fall may be a good alternative season to refresh the outside of your home.

2. Outdoor Kitchens. Outdoor kitchens can be basic or elaborate. There are companies that will even create an all in one unit that just has to be hooked up with the help of professionals such

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Posted in drywall repair

Fall Home Improvement Projects | Farmington, MI Patch

This post was contributed by a community member. The views expressed here are the author’s own.

Creating a beautiful and comfortable living space has become a national obsession while sheltering in place.
Creating a beautiful and comfortable living space has become a national obsession while sheltering in place. ( Image Credit (Nashvilleneighbor/WikimediaCommons))

Fall is the perfect time for homeowners to tackle all those home improvement projects, getting ready for winter or the holidays. Before the weather changes, there’s still time to assess, repair and make upgrades to your home. In fact, creating a beautiful and comfortable living space has become a national obsession while sheltering in place, according to Chip Wade, the Emmy-winning host of Elbow Room, Curb Appeal: The Block and several other HGTV shows, which are fan favorites. . Just in time to start those much-needed renovations and repairs, Wade shares some affordable DIY improvement ideas and products to create or upgrade your home.

“One of the coolest products I’ve found recently is from

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Posted in kitchen remodel ideas

7 Gorgeous Fall Decor Ideas That Will Salvage Your 2020

We’re not going to mince words: This year has been a dumpster fire that makes us feel foolish for all the other times we whined about what a lousy year it was. And if you’re anything like us, you’re probably glad to see the calendar edge us closer to the end of this hellish spin around the sun.

But we don’t want to just get through this month, and the fall season ahead. We want to enjoy what’s left of this year! And we’ve got the perfect pick-me-up to do just that: a fresh new look in your home with the hottest decor on the market today.

We’ve consulted design experts to round up the hottest trends of the season. Whether you’re looking to refresh your bedroom, or put a bold new spin on your living room, here’s what will help you ride out the rest of 2020—in style.

1.

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Posted in lowe's home improvement

Is the Fall a Good Time to Buy a House? This Year, Things Have Changed.

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for sale sign


Dreamstime

Coronavirus sent the U.S. housing market for a spin this summer as demand outstripped supply—and the highly competitive environment appears to have continued into the fall.

“Normally, this last week of September is sort of a buyers’ sweet spot,”
Danielle Hale
, chief economist at Realtor.com, told Barron’s. In a typical year, September is when buyer demand decreases as home listings remain on the market, resulting in more options and less competition, she said.

But that was not the case this year. Homes spent an average of 54 days on the market nationally in September, 12 fewer days than the same month last year and three fewer than in August 2020, according to a Realtor.com study. That’s an unusual occurrence during a month when market activity normally begins to slow. This was the first year since at least 2016 when homes spent less

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Posted in home

Mortgage rates fall as demand for home loans rises

The 15-year fixed-rate average reached 2.36 percent, down from 2.40 percent, with an average 0.7 point. The five-year adjustable-rate average at 2.90 percent, with an average 0.2 point, was unchanged from the previous week. The 15-year rate was 3.14 percent and the five-year was 3.38 percent a year ago.

“Mortgage rates are in a holding pattern because we have lots of big things looming and investors are waiting to see what happens,” said Danielle Hale, chief economist with Realtor.com. “Obviously, they’re waiting on the election results, but also on the next stimulus plan, which seems to start and stall. I expect mortgage rates to stay stable and not go up or down much until we get some of this big news.”

Freddie Mac’s Primary Mortgage Market Survey, from which the averages are derived, is confined to rates on conventional home loans for borrowers who make a 20 percent down payment

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Posted in home

Must-Have Home Accents You’ll Want To Decorate With This Fall

Because the pandemic has changed the rules of everything, fall decor doesn’t have to mean wreaths and pumpkins this year. It doesn’t even have to be remotely autumnal. Rather, it’s about expressing yourself in a place where you’re spending a whole lot more time. It’s about following your own intuition more so than the trends and creating the best possible environment to feel good in. From affordable accents to luxury pieces and decor with a sense of humor, here are the must-have items to give your home a refresh this season.

Rifle Paper Company Strawberry Fields Catchall Tray

Rifle Paper Company, best known for its fabulous floral designs, just launched a line of catchall trays ideal for holding eyeglasses on a nightstand, putting on top of an entryway table as

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Posted in home remodeling

A listing of home and garden events for the Milwaukee area (Fall 2020 edition)

Find home improvement and gardening classes for Milwaukee, Waukesha and the surrounding counties. Here is a roundup of home and garden events, craft and hobby shows, and where to find more information:



a group of people standing in a garden: They're decking out the Mitchell Park Domes for the popular Milwaukee landmark's annual holiday show, which opens Saturday.


© Michael Sears/Milwaukee Journal Sentinel
They’re decking out the Mitchell Park Domes for the popular Milwaukee landmark’s annual holiday show, which opens Saturday.

All Saints Lutheran Church: Fall Craft Fair, 8 a.m.-2:30 p.m. Nov. 7. Crafters, raffle, bake sale and luncheon. 9131 S. Howell Ave., Oak Creek. (414) 762-5111.

American Legion Park: Pioneer Farm Days, 8 a.m.-5 p.m. Oct. 10-11. Old-time farm show with antique tractors, engines and machinery. Flea market, farmers market and food. Free admission. 9327 S. Shepard Ave., Oak Creek. (414) 768-8580; pioneerfarmdays.com

Get daily updates on the Packers during the season.

Apple Holler: Apple Picking, 9 a.m.-4 p.m. Monday-Friday; 9 a.m.-5 p.m. Saturday-Sunday. Last bag sold one hour before closing. 5006 S. Sylvania Ave.,

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