Mortgage Industry News
Mortgage Application Activity Surges by 20%
The Refinance Index increased 35% from the previous week – the highest level in six months. Continue Reading Mortgage Application Activity Surges by 20%
United Wholesale Mortgage in AI Partnership with Google Cloud
UWM will integrate Google Cloud AI and machine learning tools into its lending platform. Continue Reading United Wholesale Mortgage in AI Partnership with Google Cloud
Mortgage Rates Back Above 7%
A year ago at this time, the 30-year fixed-rate mortgage averaged 6.79%. Continue Reading Mortgage Rates Back Above 7%
Report: Nearly One-Quarter of Black Mortgage Applicants are Rejected
Insufficient credit was the most common reason given (43%) for the application rejection Continue Reading Report: Nearly One-Quarter of Black Mortgage Applicants are Rejected
Mortgage Application Activity Declines Again
The Refinance Index decreased 14% from the previous week and was 12% higher than the same week one year ago. Continue Reading Mortgage Application Activity Declines Again
Should I refinance or get a reverse mortgage for home improvements?
Source: NJ.com --- Q. I recently read an article that said you should refinance before you retire rather than plan for a reverse mortgage as long as you plan to stay in your home for at least five years. That’s my situation. My current 15-year mortgage will be paid...
FHFA sets higher borrowing limits for mortgage loans in 2022
Source: Fox Business --- The Federal Housing Finance Agency (FHFA) raised its conforming loan limits significantly across the U.S., even allowing for loans of up to nearly $1 million in some parts of the country, the agency announced Tuesday. In most areas of the...
How Small-Home Senior Living Could Evolve In 2022 and Beyond
Source: Senior Housing News --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals....
Real estate Q&A: How can I restore my credit after ex-spouse skipped mortgage payments?
Source: Bakersfield.com --- Q: After I was divorced, the court awarded our home to my ex-spouse and ordered him to refinance the mortgage to get me off of it. He has not refinanced the property several years later and pays the mortgage inconsistently, leaving my...
What are your rights when a mortgage company refuses to let you back out of a refinancing deal?
Source:KSL --- HOOPER, Utah — Interest rates are still near record low levels, and that has many homeowners considering a mortgage do-over by refinancing. But when a Hooper woman tried to swap out her old home loan with a new one so she could tap into her home's...
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...
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