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Home Equity Flattens Out Across U.S. In Fourth Quarter Of 2022
Source: ATTOM --- IRVINE, Calif. — Feb. 2, 2023 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its fourth-quarter 2022 U.S. Home Equity & Underwater Report, which shows that 48 percent of mortgaged residential...
CFPB Loses Key IMB Redlining Case
Feb. 3, 2023 (Staff Writer) — Earlier today, a District Court in Chicago ruled in CFPB v. Townstone Financial Inc. and Barry Sturner that the Equal Credit Opportunity Act (ECOA) does not extend to prospective applicants under a plain language reading of the...
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Rental Market Tracker: Asking Rents Rise 14% in June, the Smallest Increase Since October
Source: Redfin --- Rent increases tapered off in June, with the national median asking rent rising 14% from a year earlier—the smallest annual increase since October. Asking rents were up 0.7% from May, the smallest month-over-month gain since the start of the year....
Is a 40-Year Mortgage a Good Idea?
Source: US News --- The most common mortgage loan terms are 15 and 30 years, but if you need a lower monthly payment, a 40-year mortgage may be an option. While this longer loan payoff period could reduce your mortgage payment and bring home affordability within...
Mortgage Giant Cuts Thousands Of Jobs—Warns Of ‘Accelerated’ Downturn As Housing Market Abruptly Collapses
Source: Forbes --- Mortgage originator loanDepot on Tuesday unveiled a plan to cut thousands of jobs and reduce costs “significantly” as higher interest rates sink mortgage demand—becoming the latest company to warn that the housing market is due for a steeper...
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