We spend a lot of time in mortgage lending talking about income. How much does the borrower earn? What is the debt-to-income ratio? How much of a monthly payment can the household reasonably carry? What happens to purchasing power when the mortgage rate moves another...
There is a strange contradiction developing in the mortgage market right now, and I think we need to be careful about how we talk about it. By most broad measures, the mortgage system is still in pretty good shape. There is no national foreclosure crisis, there is no...
There are some lessons the mortgage industry learned the hard way. We learned what happens when loans are made without adequately documenting income. We learned what happens when borrowers are qualified into products they do not understand or cannot reasonably afford....
Lower, the homeownership platform designed to help first-time homebuyers build wealth, has rolled out ONE by Lower, a new mortgage program designed to help homebuyers save for a down payment. According to the Columbus, Ohio-based company, eligible buyers contribute as...
California’s Plumas Association of Realtors announced that its Housing Affordability Fund program provided financial assistance to 24 local residents who bought homes this past year. According to the 156-member association, more than $39,000 was distributed among...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
