Mortgage Industry News
4 Things to Know About Buying a House With a Recession Looming, According to Experts
Source: Apartment Therapy --- When you hear the phrase “looming recession,” your initial reaction may be to freeze your spending — especially if you’re still haunted by the last economic downturn in which a housing boom and bust led to a subprime mortgage meltdown....
US couples ask wedding guests for down payments on home mortgages
Source: New York Post --- Couples in the US are reportedly raising cash from their wedding guests for housing and other expenses, according to wedding planning websites like Zola and The Knot, according to a report. Housing related cash registries have doubled on Zola...
Will Real Estate Ever Be Normal Again?
Source: NY Times --- The third time Drew Mena’s manager asked him about relocating to Austin, Texas, he and his wife, Amena Sengal, began to seriously consider it. They had deliberated each time before, in 2017 and 2018, but landed on a hard no: Drew and Amena had...
Tech Is Humanizing Mortgage, And It’s Exactly What The Industry Needs
Source: Forbes --- Mortgage lenders are under more pressure than seen in decades. Low rates have fueled a refinance boom, and the pandemic has sent purchase volume and home prices soaring. Through the market's shift, lenders must manage purchases with new, well-funded...
Regulators done playing nice with mortgage servicers
Source: Housing Wire --- The federal government’s top regulators announced Wednesday that they are collectively resuming mortgage servicing supervisory and enforcement practices in full, ending certain flexibilities it offered mortgage servicers at the onset of the...
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Recent Posts
Hits and Misses for the Real Estate Week of April 27-May 1- Global Manufactured Homes Market Forecast to Reach Nearly $43 Billion by 20…
- San Francisco’s Bay Club Acquires Full City Block for $65 Million
- Pennsylvania Housing Finance Agency Launches Home Purchase Assistance Loan
- Portland Duo Sentenced for Running Real Estate Investment Fraud Scheme
