Mortgage Industry News
MBA: Mortgage Applications Up 3.7%
The seasonally adjusted Purchase Index increased 5%. Continue Reading MBA: Mortgage Applications Up 3.7%
CFPB Issues Guidance to Debt Collectors on Zombie Mortgages
CFPB Director Rohit Chopra said that “threatening to sue to collect on expired zombie mortgage debt is illegal.” Continue Reading CFPB Issues Guidance to Debt Collectors on Zombie Mortgages
‘Kicking myself I didn’t move faster’: fear and panic grips housing market
Source: The Guardian --- The phone has all but stopped ringing at Mullucks estate agent in Bishop’s Stortford – except for calls from buyers with bad news about collapsing chains. Since the chancellor Kwasi Kwarteng’s mini-budget two weeks ago, a chill has spread...
Zero-Down USDA Mortgages Aren’t Just for Farmers
Source: Yahoo Finance --- If you thought USDA loans were just for rural farmers, you wouldn't be the first person to make that mistake. After all, the program is available through the United States Department of Agriculture, and the Rural Development (RD) office...
Mortgage rates are up, sales of homes are down
Source: NPR --- AILSA CHANG, HOST: The U.S. housing market today looks very different from the frenzied market of about a year ago. Sales of existing homes dropped for the seventh month in a row as of September. Builders are breaking ground on fewer new homes now than...
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