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Lower Mortgage Delinquency Rates on Hurricane-Impacted Homes with Modern Building Codes
“Modern building codes provide stability when weather-related disasters occur,” said CoreLogic’s Tanya Havlicek. Continue Reading Lower Mortgage Delinquency Rates on Hurricane-Impacted Homes with Modern Building Codes
Mortgage Credit Availability at 10-Year Low
MBA’s Joel Kan said the decline came as “lenders pulled back on underutilized loan programs and as liquidity concerns remain for some jumbo lenders.” Continue Reading Mortgage Credit Availability at 10-Year Low
Additional Reading: Top Mortgage Industry News & Headlines
Rocket Mortgage Introduces Purchase Plus, Helping Make the American Dream of Homeownership More Attainable
Special purpose credit program offers up to $7,500 in lender credits for first-time buyers in underserved communities to eliminate a significant hurdle to homeownership DETROIT, December 27, 2022 – Rocket Mortgage, part of Rocket Companies (NYSE: RKT), today...
Home buying forecast: Trends to know in 2023
Source: TB&P --- The housing market has seen extreme highs and lows this year. Fluctuating home prices and mortgage rates are primarily attributed to inflation, fears of a recession, and the U.S. Federal Reserve’s economic policy. Ever-changing factors make the...
Shrinking availability of ‘small-dollar’ mortgages hurts low-income home buyers
Source: bizTimes --- In Philadelphia, about a third of owner-occupied homes were valued at less than $125,000 in 2021. But that year, only about 2% of mortgages made in the city were the type generally used to purchase properties in this segment of the market,...
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