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Mortgage Application Activity in 4% Upswing
The FHA share of total applications increased to 13.5% while the VA share increased to 15.2%. Continue Reading Mortgage Application Activity in 4% Upswing
Euclid Mortgage Creates Mortgage Advisory Panel
Andrew Bon Salle, Claudia Merkle and Ivy Zelman were named to the panel. Continue Reading Euclid Mortgage Creates Mortgage Advisory Panel
Additional Reading: Top Mortgage Industry News & Headlines
FHA Increases Allowable Fees for Inspections of Vacant Single Family Homes
The inspections are used in a servicer’s preservation and protection of property. Continue Reading FHA Increases Allowable Fees for Inspections of Vacant Single Family Homes
ATTOM: October’s Foreclosure Filings Up 6% from Last Year
Lenders repossessed 3,332 properties through completed foreclosures (REOs) last month. Continue Reading ATTOM: October’s Foreclosure Filings Up 6% from Last Year
FHA Seeks Input on Proposed HECM Program Update
The new proposal would enable certain categories of due and payable HECMs that were previously ineligible for assignment to be assigned to HUD. Continue Reading FHA Seeks Input on Proposed HECM Program Update
Mortgage Servicing Software Market Forecast to 2025 with Global Key Companies Profile
Source: Puck 77 --- Global Mortgage Servicing Software market report consists of accumulation of data derived via a thorough and accurate primary and secondary market research assessing critical industry coordinates and assessing the Mortgage Servicing Software market...
Have a Joint Mortgage and Getting Divorced? This Is Your Best Move
Source: Motley Fool --- Don't let your joint mortgage debt affect your finances after your marriage is over. Many married couples own a home together, and it's common to have a joint mortgage that both spouses applied for together. Unfortunately, this can create a...
Paying Your Mortgage With Bitcoin Is a Bad Idea. Here’s Why
Source: Next Advisor --- Could you imagine paying your mortgage — one of life’s biggest expenses — with a bag of magic marbles that were sometimes worth $11,000 each and other times worth $60,000 each? If you wanted to pay your mortgage with Bitcoin, that’s...
How to know if you’re ready to buy a home
Source: Business Insider --- This time last year, Christie Heimbach was shelling out $1,000 in rent every month to live with a roommate in Lancaster, Pennsylvania. Heimbach, a teacher and photographer, realized she could spend the same amount of money each month —...
Buying a home is a goal for many Americans. How this bank is helping members of low- and moderate-income communities achieve that
Source: CNBC --- Even as prices for homes soar, the American Dream of owning a home is still alive and well. Yet that can be a high hurdle for first-time home buyers to reach. New data from the National Association of Realtors shows sales of previously owned homes...
Buying a home or refinancing? A 30-year mortgage may not be your best option
Source: CNN --- If you're thinking of buying a home or refinancing one, a big question will be whether to get a 30-year mortgage or opt for a shorter term loan. Most people get a 30-year fixed rate mortgage, which offers lower monthly payments. But there are some...
BBB expert explains potential pitfalls of reverse mortgages
Source: Fox 2 Now --- ST. LOUIS – Reverse mortgages have been around for 60 years now and they are advertised to seniors as a way to access the equity of their home quickly. Since the pandemic began more than a year and a half ago some have been turning to these loans...
Q3 real estate market trends report
Source: Colorado Biz --- With fall winding down and winter on the horizon, the traditional seasonal market tempering is also following suit – if just a bit. Buying opportunities still remain and for those looking to make a move and sell, it’s still a good time. ...
The Market for Single-Family Rentals Grows as Homeownership Wanes
Source: New York Times--- The lawns are manicured. The swimming pools sparkle in the sun. And the homes, all of them turnkey and smelling of fresh paint, are lined up in tidy rows, an army of cookie-cutter porches standing at attention. Covid-19 inflamed the real...
How to buy a house with a low income
Source: Bankrate --- If you have a stable job but are earning less than you’d like, you might be concerned that this can impede your ability to purchase a home. The good news: There are mortgages and assistance options that can help you become a homeowner, even with a...
