Source: Reverse Mortgage Daily — Across the United States, nearly 10 million homeowners are still making forward mortgage payments who are at least 65 years old or higher. While it’s unlikely that all of those homeowners would be approved for a product like a...
Source: Housing Wire — If you make your living by originating new mortgage loans, I don’t have to tell you that the business is changing. You probably already know that the MBA’s latest mortgage forecast puts the purchase money at 75% of all loan volume. You’re...
Source: KTVZ — As prospective homebuyers in Oregon and Southwest Washington continue to face fierce competition for fewer and increasingly expensive homes, OnPoint Community Credit Union offers tips on how to successfully purchase a home in this red-hot market....
Source: CNBC — Mortgage rates have been on a tear this month, rising yet again last week to the highest level in eight months, according to the Mortgage Bankers Association. That caused mixed demand for mortgages last week, resulting in no change from the week...
Source: Globe Street — During the pandemic, people fled the urban core for secondary metros across the country. The great relocation, as some have called it, wasn’t necessarily a new trend; people had been slowly leaving big cities in favor of affordability in...
Source: Patch — A new effort to combat redlining, an illegal practice in which lenders deny loans to people based on their race or nationality, has launched in Tampa. The U.S. Justice Department’s new Combating Redlining Initiative, announced Friday,...
