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.