Mortgage Industry News
FHA Proposes Policy Updates to HECM Program
The updates seek to “streamline certain requirements and reduce operational challenges associated with servicing a HECM portfolio.” Continue Reading FHA Proposes Policy Updates to HECM Program
Q3 Housing: Fewer Equity-Rich Homes, Less Underwater Mortgages
Only 2.5% of all residential mortgages, or one in 40, were considered seriously underwater in the third quarter. Continue Reading Q3 Housing: Fewer Equity-Rich Homes, Less Underwater Mortgages
Buying and Selling Real Estate in Brazil (Updated)
Source: JD Supra--- This guide offers an overview of legal aspects of buying and selling real estate in the requisite jurisdictions. It is meant as an introduction to these marketplaces and does not offer specific legal advice. This information is not intended to...
Mortgages Update: Rising Costs Taking Toll On First-Time Buyer Finances
Source: Forbes --- 13 January: Higher Payments And Deposits Making Ownership More Difficult Monthly mortgage payments are taking a larger bite out of typical first-time buyer household outgoings, writes Laura Howard. Monthly mortgage payments now account for 39% of a...
2023 Mortgage Forecast: Rates Expected to Decline
Source: US News --- Mortgage rates are widely expected to fall this year as inflation recedes and the U.S. economy prepares for the possibility of a modest recession, according to some of the nation's leading real estate economists. This comes after mortgage rates...
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