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Trump Offers Solution to Homeownership Affordability Challenges: ‘Vote for Trump’
Trump warned Biden’s rent cap proposal would “end up in a Depression like in 1929.” Continue Reading Trump Offers Solution to Homeownership Affordability Challenges: ‘Vote for Trump’
Leonardo Ramos Named VP/CRA Officer at Provident Bank
Prior to joining Provident Bank, he served as senior vice president and sales manager with Columbia Bank. Continue Reading Leonardo Ramos Named VP/CRA Officer at Provident Bank
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Mortgage Advisory Firms Stratmor Group and Teraverde Announce Merger
Both firms will operate under the Stratmor brand. Continue Reading Mortgage Advisory Firms Stratmor Group and Teraverde Announce Merger
Donald R. Horton, Founder and Chairman of Homebuilder D.R. Horton, Dies at 74
Horton served as the company’s chairman since it was formed in July 1991. Continue Reading Donald R. Horton, Founder and Chairman of Homebuilder D.R. Horton, Dies at 74
FHFA Seeks Input on Future Mission for FHLBank System
Public input is being accepted through July 15. Continue Reading FHFA Seeks Input on Future Mission for FHLBank System
Today’s Jumbo Mortgage Rates
Source: Motley Fool --- If you're looking to buy a home, you'll often hear that it's best to keep your housing costs on the low side so you don't risk overextending yourself. But in some markets, that's just not possible. If you're looking to buy a home in an...
Today’s Mortgage Rates, August 31, 2022 | Average Rate on Cusp of 6%
Source: Time --- In 2022, mortgage rates rose nearly to levels not seen since before the pandemic, after nearly two years of record-low rates. The refinance or purchase of your home doesn’t have to be put on hold. Although rates are higher than they were last year,...
Bank of America aims mortgages, CRE loans at women and minorities
Source: American Banker --- Two new Bank of America lending programs seek to promote homeownership among minority borrowers as well as incentivize economic development in disadvantaged communities. One is a pilot program that would offer mortgages to Black and...
Reverse mortgages: Pros and cons explained
Source: CBS News --- Are you looking for ways to increase your cash flow in retirement? If you own your home (or most of it), a reverse mortgage may be able to help. It can eliminate your existing mortgage payment and generate a regular source of income. However,...
The Real Impact Of A Housing Market Recession
Source: Forbes --- Key Takeaways: A housing market recession occurs when home sales decline for six months straight, which officially happened in July 2022. Two main forces are driving the housing market recession: increasing interest rates and increasing construction...
How long must my husband be in his new job for us to get a mortgage?
Source: The Guardian --- Q I know every lender is different but how long does my husband need to be in his new job before we can apply for a mortgage? We only need a £50,000 mortgage as we are buying my childhood home from my parents. How do we go about us buying it...
Bankers’ Hours column: Changes coming to the housing market
Source: Post Independent --- This is an issue we revisit periodically, because everybody else does. The question is regularly raised, “With stratospherically spiking home prices, and so called ‘Non-QM (Nonqualifying mortgages, meaning not conforming to Fannie Mae or...
Mortgage rates will fall to 4.5% in 2023? That’s the estimate from Fannie Mae. Here’s what that means for homebuyers
Source: CNBC --- Mortgage rates are projected to decline next year — but that doesn’t mean prospective homebuyers should necessarily delay a purchase for the prospect of lower financing costs. The rate on a 30-year fixed mortgage will fall to an average 4.5% in 2023,...
What Is a Lis Pendens?
Source: Investopedia --- What Is a Lis Pendens? A lis pendens is an official notice to the public that a lawsuit involving a claim on a property has been filed. Lis pendens is connected to the concept that a property buyer must assume any litigation that exists...
How Hard is It for Self-Employed People to Get a Mortgage?
Source: Yahoo Finance --- Many people dream of being their own boss. And with good reason –multiple studies link self-employment with higher job satisfaction and enhanced physical wellbeing. As of July 2022, 16.4 million out of 158.1 million Americans were...
