Mortgage Industry News
Multiply Mortgage Raises $23.5 Million in Series A Funding
Multiple Mortgage’s services are available in 45 states and the District of Columbia. Continue Reading Multiply Mortgage Raises $23.5 Million in Series A Funding
Mortgage Applications Down, Homeowner Equity Up
“Overall, purchase application volume is up 6% compared to last year at this time,” said MBA’s Mike Fratantoni. Continue Reading Mortgage Applications Down, Homeowner Equity Up
Mortgage Application Activity Up 2.6%
The FHA share of total applications increased to 12.9% from 12.7% the week prior. Continue Reading Mortgage Application Activity Up 2.6%
Lower-Income Borrowers Account for One in Five New Mortgages
Redfin noted today’s median-home sale price is about $420,000, up 5% year-over-year. Continue Reading Lower-Income Borrowers Account for One in Five New Mortgages
FHA Extends Foreclosure Moratorium to Wildfire Victims in Maui
The extension will assist homeowners impacted by the August 2023 wildfires. Continue Reading FHA Extends Foreclosure Moratorium to Wildfire Victims in Maui
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...
Mortgages tied to ‘green’ home improvements considered by UK
Source: The Guardian --- The government is exploring plans to link mortgages to green home improvements by imposing targets for lenders, to help decarbonise the UK’s ageing and leaky housing stock. Highlighting the move in its net zero strategy, published on Tuesday,...
Recent Posts
11-Acre Oceanfront Long Island Beach Club to Be Auctioned in Bankruptcy Sal…- Goldman Sachs Buys Real Estate Investment Firm for $410 Million
- Greater Vancouver Realtors Give $100,000 Donation to Aid British Columbia W…
- Andrew Montemayor Joins Century Golf Partners as VP of Business Development
Texas and North Carolina Dominate Top Spots in New Ranking of the Best Real…
