Mortgage Industry News
Mortgage Application Activity in Mild Uptick
The seasonally adjusted Purchase Index increased 2% from one week earlier, but the unadjusted index decreased 2%. Continue Reading Mortgage Application Activity in Mild Uptick
JD Power: Customer Satisfaction with Mortgage Lenders is Down
Overall customer satisfaction with mortgage lenders was rated at a 727 level on a 1,000-point scale. Continue Reading JD Power: Customer Satisfaction with Mortgage Lenders is Down
MBA: Mortgage Delinquency Rate Inched Up in Q4 2023
The FHA delinquency rate spiked by 131 basis points to 10.81%, the highest level since the third quarter of 2021. Continue Reading MBA: Mortgage Delinquency Rate Inched Up in Q4 2023
Mortgage Applications Up While Most Americans Expect Lower Rates
The Fannie Mae Home Purchase Sentiment Index increased 3.5 points in January to 70.7, its highest level since March 2022. Continue Reading Mortgage Applications Up While Most Americans Expect Lower Rates
First Home Mortgage Corp. Rolls Out Down Payment Assistance Program
Under this program, the buyer contributes 1% and First Home Mortgage contributes 2% (up to $5,500) towards the down payment and/or closing costs. Continue Reading First Home Mortgage Corp. Rolls Out Down Payment Assistance Program
Mortgages for America launches its Homes for Heroes Program!
Source: PR Newswire --- COLUMBUS, Ohio and RICE LAKE, Wis. and SOUTH LAKE TAHOE, Calif., Nov. 30, 2021 /PRNewswire/ -- Mortgages for America, a division of SaveUnited.org dedicated to offering programs that help Americans, has officially launched its Homes for Heroes...
The 5 most common reasons why your home loan won’t be approved, and how to avoid them
Source: Finger Lakes 1 --- Navigating a home loan application can often be a long and complicated process. Often after the hours of stress and effort you’ve spent, you can still be rejected. A survey conducted by Digital Finance Analytics found that approximately 40%...
Making change that counts this November
Source: CMP --- Financial Literacy Month has arrived, and all November long CWB Optimum Mortgage will share tips, tools and resources with brokers and clients to underscore the importance of financial literacy — not just within these 30 days, but every day. Optimum’s...
‘Selling Sunset’ Star Shares Tips on How to Boost the Value of Your Home
Source: Newsweek --- s millions of Selling Sunset fans lap up a fresh batch of office drama on the Netflix show's newly released fourth season, they will also be treated to the visual delight of viewing one opulent California property after another. Dollar signs are...
Understanding Reverse Mortgages
Source: Physician's Weekly --- Many physician homeowners have been roped into watching a commercial for a company selling reverse mortgages, usually presented by a stalwart actor that we like and trust. Whether a reverse mortgage is right for you or not, it’s a good...
Is there a mortgage stimulus program and how much can you get?
Source: The Sun --- STRUGGLING homeowners may be wondering what support is available - and whether there's a mortgage stimulus program. It comes as Americans have got used to receiving stimulus checks during the coronavirus crisis. We explain what you need to know....
Count your pandemic-related mortgage blessings
Source: Orange County Register --- Time for the holiday season-celebrations, starting with the Thanksgiving kickoff festivities, with all its trimmings and blessings. Hanukkah lights it up early this year, with the first candle on Saturday night. A fast month later,...
Metaverse Land Prices Mirror Real-World Real Estate as Investors Flock to Virtual Worlds
Source: PYMNTS --- Thinking about building a club or a casino or a virtual storefront in the metaverse? Better talk to a broker, because at least some of that augmented reality (AR) land is priced through the roof. On Tuesday (Nov. 23) Reuters reported that Tokens.com...
No, the housing market isn’t about to crash—but Redfin does say some good news awaits buyers in 2022
Source: Fortune --- It’s understandable that some sidelined home shoppers think this unprecedented housing market is set to pop. They see an ongoing real estate run—which has sent U.S. home prices soaring 19.9% over the most recent 12-month period—that echoes the last...
A Subtle New Pitfall For Mezzanine Loan Borrowers
Source: Forbes --- Commercial real estate financing structures often include not only mortgage loans but also mezzanine loans. These latter loans are secured by pledges of ownership interests in the mortgage borrower. If the mezzanine loan defaults, the mezzanine...
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