Mortgage Industry News
CFPB in Settlement with Townstone Financial Over Alleged Chicago Redlining
“This case should never have been brought,” said Steve Simpson of the Pacific Legal Foundation. Continue Reading CFPB in Settlement with Townstone Financial Over Alleged Chicago Redlining
NerdWallet Acquires Mortgage Brokerage Next Door Lending
Next Door Lending’s president and co-owner is Jonathan Haddad, who is also chairman and chief executive of AIME. Continue Reading NerdWallet Acquires Mortgage Brokerage Next Door Lending
Mortgage Rates and Purchase Loan Applications Inch Up
“We anticipate a busier spring homebuying season than 2023,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates and Purchase Loan Applications Inch Up
Single-Family Home Sales, Buyer Affordability Ticked Up in December
The national median mortgage payment was $2,055 in December. Continue Reading Single-Family Home Sales, Buyer Affordability Ticked Up in December
MBA: Only 0.23% of Loans in Forbearance at the End of 2023
According to MBA’s estimate, 115,000 homeowners are in forbearance plans. Continue Reading MBA: Only 0.23% of Loans in Forbearance at the End of 2023
Applying for a Mortgage (Important Info + 6 Steps)
Source: The Good Men Project --- Applying For a Mortgage is Very Common There are many reasons why as a borrower, you would want to apply for a mortgage. The most obvious is that you cannot afford to buy the house in cash and need to make installment payments on it...
Op-Ed: Address the stigma of asking for mortgage, rent help
Source: Courier Times --- Our community will be impacted by the recent Oct. 31 expiration of local moratoriums on eviction in Bucks and Montgomery counties. Renters who are behind in payments as a direct result of pandemic-related job changes are starting to hit the...
Survey: Mortgage refi crush exposed dangers of digital-heavy approach
Source: Inman --- One-size-fits-all digital workflows are hurting customer satisfaction with mortgage lenders, according to an annual consumer survey that concluded “some level of human interaction” is still required to help borrowers negotiate the application and...
Will Real Estate Ever Be Normal Again?
Source: NY Times --- The third time Drew Mena’s manager asked him about relocating to Austin, Texas, he and his wife, Amena Sengal, began to seriously consider it. They had deliberated each time before, in 2017 and 2018, but landed on a hard no: Drew and Amena had...
Tech Is Humanizing Mortgage, And It’s Exactly What The Industry Needs
Source: Forbes --- Mortgage lenders are under more pressure than seen in decades. Low rates have fueled a refinance boom, and the pandemic has sent purchase volume and home prices soaring. Through the market's shift, lenders must manage purchases with new, well-funded...
Regulators done playing nice with mortgage servicers
Source: Housing Wire --- The federal government’s top regulators announced Wednesday that they are collectively resuming mortgage servicing supervisory and enforcement practices in full, ending certain flexibilities it offered mortgage servicers at the onset of the...
Current Mortgage Rates Are Below 3% Again
Source: Crossroads Today --- The average rate for a 30-year fixed-rate mortgage dropped to 2.98% this week, according to Freddie Mac’s weekly survey. It’s the second week in a row where the average rate has declined and the first time it has dipped below 3% since late...
The latest twist in WNY’s hot real estate market: all-cash, no-mortgage offers
Source: Buffalo News --- When it comes to real estate deals, cash has always been king. Lately, though, it has been more like the emperor. With the market for homes tighter than ever, an unprecedented number of buyers have been turning to all-cash offers in hopes of...
Financial Focus: Financial tips for new veterans
Source: The Duncan Banner --- On Veterans Day, we honor the men and women who have served in our armed forces. If you’ve recently separated or retired from the military, or you will be leaving soon, you can be proud of the service you’ve provided to your country. But...
Commercial real estate financing, anyone?
Source: The Spokesman Review --- Walker & Dunlop (NYSE: WD) is a small but impressive finance company that has been around since the 1930s and does all kinds of finance for commercial real estate. One of the biggest commercial real estate lenders in the country,...
Recent Posts
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