Mortgage Industry News
How to cut the biggest bill of them all . . . your mortgage
Source: The Guardian --- Spiralling energy, food and petrol prices, amid warnings of a recession, mean most households will be thinking about how to keep other costs as low as possible. So what should homeowners do about their biggest monthly outgoing – the mortgage?...
Housing Market Sees Troubling Sign as Mortgage Lenders Fail
Source: Housing Wire --- Some independent mortgage lenders feeling the brunt of increased lending rates are declaring bankruptcy and have already laid off hundreds of employees in certain instances, in what is being described as the worst shape the housing market has...
Young military families tap veteran benefits to buy homes in a hot real-estate market
Source: CNBC --- Eddie Valdivia, 34 and his wife, Vanessa, 36, workers at the Red Cross, bought their first house last October, right in the middle of the pandemic. It’s a three-bedroom, three-bathroom house on a half-acre in Palmdale, California, about 90 minutes...
Loan Modifications Affect the Mortgage Ecosystem
Source: Scotsman Guide --- The Consumer Financial Protection Bureau (CFPB) has been closely monitoring the loan default situation and is taking various steps in a bid to prevent a wave of foreclosures that could result from borrowers exiting their mortgage forbearance...
Loan Modifications Affect the Mortgage Ecosystem
Source: Scotsman Guide --- The Consumer Financial Protection Bureau (CFPB) has been closely monitoring the loan default situation and is taking various steps in a bid to prevent a wave of foreclosures that could result from borrowers exiting their mortgage forbearance...
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