Mortgage Industry News
Chrissi Rhea, Co-Founder and Chief Executive of Mortgage Investors Group, Passes Away
“She was the epitome of selflessness, giving not only her money but her time and gifts,” said her son, Kevin Rhea. Continue Reading Chrissi Rhea, Co-Founder and Chief Executive of Mortgage Investors Group, Passes Away
Mortgage Delinquency Rate Up Slightly from Last Year
The effects of Hurricanes Helene and Milton will likely impact the next quarterly report. Continue Reading Mortgage Delinquency Rate Up Slightly from Last Year
Freddie Mac Extends Mortgage Assistance to Very Low Income Borrowers
The funds can also be used to cover closing costs, escrow and mortgage insurance premiums. Continue Reading Freddie Mac Extends Mortgage Assistance to Very Low Income Borrowers
Household Debt Reached $17.5 Trillion in Q4 2023
Mortgage balances rose by $112 billion from the previous quarter and stood at $12.25 trillion at the end of December. Continue Reading Household Debt Reached $17.5 Trillion in Q4 2023
Fairway Independent Mortgage to Shut Down Wholesale Division
The final lock date on new loans is scheduled for Feb. 9 and the last day to submit new loans is Feb. 16. Continue Reading Fairway Independent Mortgage to Shut Down Wholesale Division
Millennials Are Now the Biggest Generation and Mortgage-Makers
Source: Motley Fool --- Key Points Millennials now outnumber baby boomers and account for more than half of new mortgage applications. Gen X was the biggest buyer just five years ago but has seen its share slip ever since. High-tech markets and some major mid-sized...
Mortgage assistance program available for North Las Vegas homeowners
Source: Fox 5 --- A non-profit organization is offering to help catch families or individuals up on up to 6 months of mortgage back payments or future payments. Chicanos Por La Causa (CPLC) said $300,000 of aid is available. Housing Director Rumaldo Chaidez, said...
Pregnant Women Are Being Denied Mortgages Due To Change In Earnings
Source: Refinery 29 --- Pregnant women and new mothers who apply for mortgages with some of the UK’s biggest lenders are being declined because taking time out from work will cause a temporary drop in earnings, Refinery29 has learned. Thirty-two-year-old Isabelle...
I want to refinance my mortgage, but I’m about to turn 70. Is it wise to refinance at my time of life?
Source: Market Watch --- Dear MarketWatch, I hope you can help me figure this out. I am 69 years old and will turn 70 at the end of the month. I’ve been offered a cash out refinance loan and need to decide whether to take a 15- or 30-year loan. My monthly obligation...
How to take a green approach to your finances
Source: Independant.ie --- Doing your bit for the environment could save you thousands on your loan or mortgage and knock a few bob off your insurance, while investing in ‘green’ companies could reap you handsome profits – if you invest wisely. Of course, financial...
Borrowers can fix their mortgage at less than three per cent for 30 years
Source: Daily Mail --- Borrowers are to get the chance to fix their mortgage rate for 30 years at less than three per cent, The Mail on Sunday can reveal. Specialist lender Kensington Mortgages will this week launch fixed-rate deals on home loans that last for 25 and...
REITs Vs. Private Equity Real Estate: What’s The Best Way To Invest?
Source: Seeking Alpha --- Investors are constantly faced with the choice of how to allocate scarce investment capital. Most of those fortunate enough to have a meaningful amount of funds to invest know the benefits of exposure to commercial real estate, especially in...
3 Risks of a Cash-Out Refinance Loan
Source: Motley Fool --- A cash-out refinance loan is a way to tap into the equity of your home while also modifying the terms of your current mortgage loan. It works simply. You apply for a new mortgage loan for more money than you currently owe. If you qualify based...
How to Get a Mortgage if You’re a Freelancer, Contractor, or Self-Employed
Source: Better Homes and Gardens --- Millennials and Gen Z are more likely than previous generations to be self-employed in some capacity—which can make buying a home more complicated. These expert tips help make sense of the process. Once upon a fairytale, it was...
REVOLUTIONIZING THE ONLINE MORTGAGE EXPERIENCE
Source: Ris Media --- Tim Grant, a REALTOR® with Better Homes and Gardens Real Estate Metro Brokers in Newnan, Georgia, has been a huge proponent of Rocket Mortgage with his customers since working with the lender to finance his own home purchase. “The process was...
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