Mortgage Industry News
Citi to Expand Program Making Homeownership More Attainable
Source: The Motley Fool --- Buying a home can be challenging for low- and moderate-income mortgage applicants for a number of reasons. First, those who don't earn a lot of money often struggle to come up with funds for a down payment. Also, mortgage applicants with...
Home prices are falling in these 98 major housing markets—only 50 markets remain at the peak
Source: Fortune --- Not long after mortgage rates spiked this spring, the U.S. housing market slipped into what the industry likes to call a housing recession. It means housing activity levels, like home sales, are contracting sharply. That’s hardly surprising:...
Why lenders should build a referral-based business
Source: Housing Wire --- HousingWire recently spoke with John G. Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them...
What happens if you wait to buy a home? Interest rates could shift dramatically
Source: KSL --- Every aspiring homeowner in Utah is asking the same question: When will home prices drop? Unfortunately, no one can predict exactly when that will happen or if it will happen. In the meantime, there's perhaps a more important question homebuyers should...
1.5 Million Americans Face a Financial Cliff as Mortgage Forbearance Ends. These Are Their Options
Source: Time --- If it hadn’t been for a mortgage forbearance program, Destiny Blackmon says she could have lost her home. Destiny Blackmon and her husband pose for a photo at the site of their new home construction in 2017.Courtesy of Destiny Blackmon ...
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