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Nigerian National Extradited for Multi-Million Dollar Florida Mortgage Fraud Scheme
Okechukwu Josiah Odunna, was arrested by Nigerian authorities last September. Continue Reading Nigerian National Extradited for Multi-Million Dollar Florida Mortgage Fraud Scheme
Rocket Mortgage to Exit the Canadian Market
Rocket Mortgage plans to complete its exit from the market by June 27. Continue Reading Rocket Mortgage to Exit the Canadian Market
Additional Reading: Top Mortgage Industry News & Headlines
GSEs Update Private Mortgage Insurer Eligibility Requirements
The updated standards will be implemented through a 24-month phased-in approach, with a fully effective date of Sept. 30, 2026. Continue Reading GSEs Update Private Mortgage Insurer Eligibility Requirements
Fannie Mae: Home Sales to Stay Weak Deep Into 2025
Mortgage rates are not forecast to go below 6% until the end of 2025. Continue Reading Fannie Mae: Home Sales to Stay Weak Deep Into 2025
Mortgage Application Activity Drops, Forbearance Levels Rise
The total share of loans now in forbearance increased to 0.27% as of July 31 Continue Reading Mortgage Application Activity Drops, Forbearance Levels Rise
Surging interest rates sucker punch homebuilders and buyers alike in metro Denver
Source: The Denver Post --- Long lead times to complete new homes have combined with rapidly rising interest rates, now at 15-year highs, to put metro Denver homebuilders and their customers in a predicament unlike any seen since the housing bust.
Want to Buy a Home Without a Mortgage? Here’s How
Source: The Motley Fool --- Mortgages have gotten expensive. Last year, it was more than possible to sign a 30-year mortgage at under 3%, especially with great credit. Nowadays, you might end up paying somewhere around 6% for a 30-year loan. Unfortunately, most buyers...
Choice: A new luxury amidst the sell-off
Source: Chase --- Market update: Breaking points There has been one question for investors to consider this year: What would it take to break inflation? The hope at the beginning of the year was that a combination of interest rate hikes and natural resolution of...
Real Estate Debt Becoming An Attractive Investment As Stocks Fall And Mortgage Rates Climb
Source: Yahoo Finance --- The housing market and all of the uncertainty plaguing it is undoubtedly on the minds of prospective buyers, sellers and investors. As the Federal Reserve continues to try to curb inflation through the increase in rates, its been indirectly...
Unlimited pixels, and I still can’t afford real estate in the metaverse
Source: Real Change News --- We’ve had internet bulletin boards, listservs, text websites, game environments, websites, interactive websites. Now we’re seeing metaverse real estate. I’m already completely lost and left out in the cold in the new metaverse. I’m...
4 Things to Know About Buying a House With a Recession Looming, According to Experts
Source: Apartment Therapy --- When you hear the phrase “looming recession,” your initial reaction may be to freeze your spending — especially if you’re still haunted by the last economic downturn in which a housing boom and bust led to a subprime mortgage meltdown....
US couples ask wedding guests for down payments on home mortgages
Source: New York Post --- Couples in the US are reportedly raising cash from their wedding guests for housing and other expenses, according to wedding planning websites like Zola and The Knot, according to a report. Housing related cash registries have doubled on Zola...
4 Surprising Reasons Homebuyers’ Real Estate Deals Fall Through Today: Could Yours Be Next?
Source: Realtor.com --- Owning a home is the American dream, but at the moment it’s more like homebuying cancel culture. According to a 2022 survey by home warranty site Cinch Home Services of 1,000 Americans who have tried to buy or sell a home in the past year, more...
Market chaos forces UK lenders to pull mortgage products
Source: Reuters --- LONDON, Sept 26 (Reuters) - Turmoil in British financial markets forced mortgage lenders to temporarily withdraw and reprice products for new customers on Monday, a real-world consequence of the market volatility thrown up by finance minister Kwasi...
John Paulson on Frothy US Housing Market: This Time Is Different
Source: Yahoo --- John Paulson became a billionaire after his hedge fund effectively shorted more than $25 billion of mortgage securities at the dawn of the global financial crisis. As he sizes up yet another frothy housing market some 15 years later, the founder of...
