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M&T Bank Appoints Lopa Kolluri as Head of Affordable Housing Lending
Kolluri was previously senior vice president within M&T’s Commercial Real Estate Innovation Office. Continue Reading M&T Bank Appoints Lopa Kolluri as Head of Affordable Housing Lending
EasyKnock in New Partnership to Bring Veterans into Housing Careers
“Veterans have given so much to our country, and it’s our responsibility to give back,” said Jarred Kessler, CEO of EasyKnock. Continue Reading EasyKnock in New Partnership to Bring Veterans into Housing Careers
CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’
CFPB Director Rohit Chopra opined, “Junk fees and excessive closing costs can drain down payments and push up monthly mortgage costs.” Continue Reading CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’
GOP Lawmakers Question Proposed Freddie Mac Expansion into Second Mortgages
The lawmakers said the proposal would turn Freddie Mac “into a massive consumer loan guarantor.” Continue Reading GOP Lawmakers Question Proposed Freddie Mac Expansion into Second Mortgages
Goldman Sachs Executive Beth M. Hammack to Lead Cleveland Fed
Hammack will succeed Loretta J. Mester, whose tenure ends on June 30. Continue Reading Goldman Sachs Executive Beth M. Hammack to Lead Cleveland Fed
4 Ways Rent-to-Own Can Help You Buy a House
Source: The Ascent --- Although home prices in some regions of the country have softened, the median price of a single-family home still rings in at just under $385,000. With mortgage rates hovering around 7%, the monthly payment alone pushes many would-be home buyers...
The Latest Inflation Numbers Are Good News for Mortgage Rates
Source: Money --- Hope for relief from rapidly rising mortgage rates was revived this week when October inflation numbers came in lower than expected. Consumer prices continued to increase last month but at a slower pace than at any other point this year. The latest...
If the value of your home is depreciating, you could have an upside down mortgage — here’s what you should know
Source: CNBC --- Buying a home often seems like a promising strategy to build wealth since your monthly mortgage payments can help you build equity, and home values typically appreciate over time. However, sometimes due to housing market conditions, your home’s value...
Q&A: What Data Tells Us About Rural Housing Cost Burdens
Source: The Daily Yonder --- Lance George is the Housing Assistance Council’s director of research and information, an arm of that nonprofit which seeks to generate and improve access to reliable data about rural housing trends nationwide. Since 2020, a lot of airtime...
How will rising interest rates impact housing market in 2023? Experts weigh in
Source: Fox 10 Phoenix --- LOS ANGELES - During the height of the COVID-19 pandemic, the Federal Reserve kept interest rates historically low, and this meant a home buyer could borrow money at an incredibly low rate. Now, experts say the housing market looks...
Homeowners lost more than a trillion dollars in equity
Source: Axios --- The housing market has returned to earth. Home sellers can't just name a price and expect buyers to pay; meanwhile over a trillion dollars in wealth in the form of home equity has evaporated. Why it matters: Think of this less as a crash and more as...
How to Financially Prepare for Buying a House
Source: U.S. News --- Getting to a point where you feel emotionally and mentally ready to buy a house can be a journey on its own. But your work doesn't stop there. Most homebuyers don't have a lump sum they can use to buy a home in one cash payment. Instead, buyers...
Mortgage Rates Move Lower For Third Straight Day
Source: Mortgage News Daily --- We're in the middle of a 4 day week culminating in one of the most important events of the year for interest rates. Thursday morning brings the release of the Consumer Price Index (CPI)--an inflation report that has resulted in bigger...
Cardinal Financial review: A mortgage lender with options for tiny homes and other unique housing
Source: Business Insider --- The bottom line: Cardinal Financial is a good mortgage lender for FHA borrowers or buyers considering a unique type of home, such as a tiny home or a shipping container home. Its application platform also makes it easy to upload documents...
Brokers urged to educate clients on green mortgages
Source: FT Adviser --- The mortgage industry has a role to play in combatting climate change and reducing people's energy bills, yet the vast majority of borrowers do not understand green mortgage products, research suggests. A survey from the Mortgage Advice...
