Hot Topics

Refinancing your home is about to get more expensive. This is why:

If there’s one part of the economy that is doing well, it’s the mortgage industry. Record low mortgage rates are driving so many people to refinance that the housing market is on track to see $2 trillion in refinances in 2020, second only to 2003, according to the Mortgage Bankers Association.

But beginning December 1, refinancing will likely cost homeowners more. Fannie Mae and Freddie Mac will charge a new — and hotly contested — “adverse market fee” on refinanced mortgages.

Foreclosures, vacant properties on the decline

About 1.6 million (1,556,592) residential properties in the United States, representing 1.6 percent of all homes, are vacant, according to ATTOM Data Solutions’ fourth-quarter 2020 Vacant Property and Zombie Foreclosure Report.

Tips for Secure Video Conferencing

Due to the COVID-19 pandemic and social distancing requirements, organizations pivoted to widescale remote work and online collaboration. Video conferencing emerged as a tool for business continuity and sustained social connection. However, these tools opened the door to increased cyberattacks.