Mortgage Industry News
Letitia James Seeks to Dismiss Mortgage Fraud Case, Citing Legality of Trump-Picked Prosecutor
James was indicted on two felony charges of bank fraud and making false statements to a financial institution. Continue Reading Letitia James Seeks to Dismiss Mortgage Fraud Case, Citing Legality of Trump-Picked Prosecutor
Mortgage Rates Are Falling Again
The 30-year fixed-rate mortgage averaged 6.19% as of Oct. 23. Continue Reading Mortgage Rates Are Falling Again
Virginia Homebuilders Partner on New Mortgage Lending Joint Venture
According to the companies, M2B Mortgage was created to “provide a more personalized, streamlined, and reliable lending experience.” Continue Reading Virginia Homebuilders Partner on New Mortgage Lending Joint Venture
Fairway Independent Mortgage Acquires Hallmark Home Mortgage
The acquired company will become Hallmark Home Mortgage, Powered by Fairway. Continue Reading Fairway Independent Mortgage Acquires Hallmark Home Mortgage
HomeXpress Mortgage Corp. Acquired by Chimera Investment Corp.
HomeXpress will operate as a subsidiary of Chimera under the continuing leadership of President and CEO Kyle Walker. Continue Reading HomeXpress Mortgage Corp. Acquired by Chimera Investment Corp.
What’s Next For UK Mortgage Rates?
Source: Forbes Advisor --- The Bank of England raised interest rates on 15 December from 3.0% to 3.5%. The 0.5 percentage point increase marked the ninth rise since December 2021 when Bank rate stood at just 0.1%. It put the Bank rate at its highest level since 2008...
Can You Afford a House Right Now?
Source: US News --- The Covid-19 pandemic helped spur one of the biggest housing boom cycles in history. In 2020, the Federal Reserve slashed interest rates to zero, dropping mortgage rates into the 2% range. Artificially low numbers coupled with the new remote work...
How do real estate agent commissions work?
Source: Yahoo! Finance --- In this do-it-yourself digital age, home sellers and buyers alike might well wonder if they need Realtors — or, more precisely, to pay Realtor fees. Just how crucial are these agents to a successful real estate transaction? Well, a good...
When will US home prices finally stop dropping?
Source: Fox Business --- The end may finally be in sight for a prolonged slump in the U.S. housing market, according to Goldman Sachs strategists. Analysts at the Wall Street bank said in a note this week that falling mortgage rates are likely to stop the dramatic...
Latest mortgage news: Rates dip again, creating opportunity for homebuyers
Source: Yahoo! Finance --- Mortgage rates continue to retreat. The average rate on 30-year mortgages ticked down to 6.42 percent this week from 6.43 percent the previous week, according to Bankrate’s national survey of large lenders. “Mortgage rates declined for the...
Thinking of Moving to Europe from the U.S.? Here’s Why You Should – Or Shouldn’t – Do It
Source: US News --- With streaming shows like Netflix’s “Emily in Paris” or the romantic image of working remotely from an Italian villa, U.S. travelers are showing renewed interest in moving to Europe to see what life would be like in another country. There are a...
How Real Estate Agents Can Help First-Time Home Buyers
Source: Times Property --- First-Time Homebuyer’s Guide Buying a home for the first time can be difficult. After all, there are numerous steps, tasks, and requirements, and you may be concerned about making a costly error. However, first-time homebuyers benefit from...
30-year fixed mortgage rates still ‘keeping some people away’ from buying a house: Realtor
Source: Yahoo! News --- Kinloch Partners Co-Founder and CEO Bruce McNeilage joins Yahoo Finance Live to discuss the continued impact of mortgage rates on homebuying trends, housing concessions, and rising housing markets to watch in 2023. Video Transcript [AUDIO LOGO]...
UWM Enhances TRAC Program Giving Loan Officers Increased Flexibility
PONTIAC, January 25, 2023 – United Wholesale Mortgage (UWM), the #1 overall lender in America, announced it has enhanced its TRAC program, initially launched in October 2022, to provide loan officers more speed, options and flexibility within the title and closing...
Goldman Sachs says 4 US cities will suffer a 2008 crash in home values
Source: Fox Business --- Goldman Sachs expects home values to worsen through 2023 amid continued skyrocketing interest rates and declining housing prices. The firm wrote to clients earlier this month that it predicts four U.S. cities will suffer the most catastrophic...
