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Divorce and your mortgage: Here’s what to know

Divorce and your mortgage: Here’s what to know

by Third Party | Jun 30, 2022 | Mortgage Information, Real Estate News

Source: Bankrate —  One of the biggest decisions divorcing couples face is what to do with the marital home. If the breakup is acrimonious, trying to agree on the house and the mortgage can be a nightmare. The options for divorcing couples depend on a number of...
Home Prices Still Surging, But Today’s Data is For April

Home Prices Still Surging, But Today’s Data is For April

by Third Party | Jun 29, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: Mortgage News Daily —  It’s one of the perennial “yeah buts” of the two largest and most widely-cited home price indices: there data is always about 2 months old by the time it comes out.  This is the nature of home price reporting.  It...
Metros with the most mortgage-burdened homeowners

Metros with the most mortgage-burdened homeowners

by Third Party | Jun 29, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Fox 5 —  Roughly half of all Americans agree a lack of affordable housing in their city is a major problem, according to a 2021 Pew Research Center survey. Pew also found a proportion of Americans concerned about dwindling housing affordability has grown...
Mortgage Lenders Turn ‘Desperate’ as Soaring Rates Roil Industry

Mortgage Lenders Turn ‘Desperate’ as Soaring Rates Roil Industry

by Third Party | Jun 28, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Bloomberg —  Danny Meier had one of the busiest years of his career in 2021. The 36-year-old closed roughly $799 million worth of loans at Academy Mortgage Corp., ranking him among the top producing originators in the US. Now, he’s bracing for a 20%...
Will 40-Year Mortgages Become a Thing? Here’s What Real Estate Experts Say

Will 40-Year Mortgages Become a Thing? Here’s What Real Estate Experts Say

by Third Party | Jun 27, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Apartment Therapy —  A global pandemic followed up by a looming recession is the kind of once-in-a-lifetime double whammy that can really rock your financial confidence. Now, as interest rates spike, it raises the question: Could a 40-year mortgage...
Mortgage applications rise amid strong demand for ARMs

Mortgage applications rise amid strong demand for ARMs

by Third Party | Jun 26, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Realty Biz News —  Mortgage applications surprisingly jumped 8% last week compared to the previous seven day period, boosted by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association. However, applications are still down 10%...
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