Mortgage Industry News

Taking a flying leap into mortgages

Taking a flying leap into mortgages

Source: MPA Mag ---  It’s only during life’s more painful episodes that people are invariably forced to reconsider their place in the world, and sometimes their career. Inevitably, it involves change, but taking that momentous first step is often the hardest because...

What to Do With an Underwater Mortgage

What to Do With an Underwater Mortgage

Source: US News ---  An underwater mortgage, also called an upside-down mortgage, occurs when the loan's principal balance is higher than the home's fair market value, resulting in negative equity. In other words, a mortgage becomes underwater when you owe more than...

How Homeownership Can Help Shield You from Inflation

How Homeownership Can Help Shield You from Inflation

Source: Keeping Current Matters --- If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can...

Americans Are Buying Smaller Homes as Prices Skyrocket

Americans Are Buying Smaller Homes as Prices Skyrocket

Source: Redfin --- Americans are buying smaller homes than they were at the height of the pandemic. The typical U.S. home that went under contract in March was 1,720 square feet, down 1.8% from 1,751 square feet the same time last year and roughly the same size as the...

Russian threat keeps mortgage cybersecurity experts on alert

Russian threat keeps mortgage cybersecurity experts on alert

Source: National Mortgage News --- Russia’s hostilities in Ukraine have already impacted the U.S. housing market and as the war goes on, the mortgage industry’s cybersecurity experts are bracing for tests of their defenses. The uncertainty caused by the initial...

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