In what is reported to be the biggest relief package in American history, Congress has reach a deal to provide direct payments up to $1200 to eligible taxpayers whose jobs and businesses are affected by the COVID-19 pandemic.
The Senate is expected to vote today on legislation that will constitute the biggest emergency spending plan ever.
Mortgage markets are being characterized as “still a mess, but a hopeful one.”
Recent volatility in the market rivals anything we’ve seen in generations, but there is certainly hope. The Fed has committed to spending unlimited funds — as much as necessary — in its bond buying program designed to ensure sufficient liquidity in mortgage markets. This is a large part of why mortgages are still being offered this week.
At Valor Lending Group we keep a close eye on the pulse of the market. Although guidelines seem to be changing by the hour and minute, we are still funding Non-QM, Fannie/Freddie, FHA, VA, and other Government Loans, as well as hard money loans.
Let’s talk today to discuss how Valor can assist in the current market.
Valor Lending Group
“Pride in Lending”
Diamond View Tower
350 10th Ave – 10th Floor
San Diego, CA
Direct: (708) 203-0975
Fax: (619) 872-2400