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SouthState Bank Launches Fund to Help LMI Borrowers Achieve Homeownership

SouthState Bank Launches Fund to Help LMI Borrowers Achieve Homeownership

by Phil Hall | May 31, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

SouthState Bank has unveiled the Opportunity Advantage Loan Fund, a new mortgage option that is designed to help qualified low-to-moderate income (LMI) borrowers achieve homeownership. The Opportunity Advantage Loan Fund is available for LMI homebuyers in Alabama,...
Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns

Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns

by Phil Hall | May 30, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The U.K. housing market experienced the removal of roughly 800 mortgage deals from the market last week as the nation faces growing uncertainty over interest rate hikes. According to the data resource Moneyfacts, the number of residential mortgages on the U.K declined...
Hits and Misses for the Real Estate Week of May 22-26

Hits and Misses for the Real Estate Week of May 22-26

by Phil Hall | May 26, 2023 | Hits and Misses, News/Current Events, Real Estate News, WRE News Exclusive

A trade association leader takes aim at Washington, a regulator tries to blame her bad judgment on reporters and an Alabama city with a troubled past displays a glorious present. Looking into the wild and wooly world of real estate, here are our Hits and Misses for...
OUCH! US Homeownership Rate at Lowest Level Since 1970

OUCH! US Homeownership Rate at Lowest Level Since 1970

by Phil Hall | May 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. homeownership rate has cratered to its lowest depth since 1970, according to the U.S. Census Bureau. The newly published 2020 Census data determined that 63.1% of the nation’s 126.8 million occupied housing units – or 80.1 million – were owner-occupied. This...
FHFA’s Thompson: ‘Certain Media Reports Have Distorted Basic Facts’ About Upfront Fees

FHFA’s Thompson: ‘Certain Media Reports Have Distorted Basic Facts’ About Upfront Fees

by Phil Hall | May 23, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson pushed back again at claims that her office is seeking to penalize homebuyers with good credit in order to help those with shaky credit achieve homeownership. In written testimony submitted this morning...
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