Mortgage Industry News
Bank of America CEO pushes back on criticisms of zero-down mortgages for minority communities
Source: Fox News --- North Carolina-based Bank of America recently came under fire over a reported plan to offer zero-down mortgages in minority communities, with some critics lodging complaints over the racial aspect, while others warned it reminded them of the...
Are we seeing a mortgage rate lockdown?
Source: Housing Wire --- The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. This is something I’ve never believed in because we...
Commercial Mortgages: Real estate developers have plenty to worry about with the current economy
Source: Richmond Times Dispatch --- Ray LaMontagne most likely wasn’t referring to real estate in his song titled “Trouble” featured in an iconic Travelers Insurance commercial where a dog frets about a good place to hide his bone with the lyrics “worry just won’t...
Revealed: The best mortgage lenders of 2021
Source: Which --- First Direct and Nationwide Building Society have been named the best mortgage lenders of 2021, based on a combination of customer feedback and Which? analysis of the best deals on the market. We spoke to more than 3,500 homeowners and analyzed...
Vulnerable U.S. homeowners face uncertainty as mortgage forbearance ends
Source: Reuters --- Close to half a million low-income homeowners in the United States, many of them minorities, are nearing the end of mortgage forbearance plans that allowed them to halt loan payments during the pandemic, presenting a test for the mortgage service...
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Recent Posts
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