Top Headlines
Calque Launches Contingency Buster, a New ‘Buy Before You Sell’ Program
The product is for homeowners seeking to quickly remove home sale contingencies and debt-to-income constraints at any point in the homebuying process. Continue Reading Calque Launches Contingency Buster, a New ‘Buy Before You Sell’ Program
California Approves Allstate’s Request for Home Insurance Hike of 34% on Average
This is California’s largest home insurance hike in three years. Continue Reading California Approves Allstate’s Request for Home Insurance Hike of 34% on Average
Peak Roofing Partners Acquires Action Roofing
Action Roofing was founded in 1986 and provides roofing solutions to residential and homebuilder clients Continue Reading Peak Roofing Partners Acquires Action Roofing
La Rosa Holdings Plans to Acquire Controlling Interest in Red Door Title
The financial terms of the acquisition were not disclosed. Continue Reading La Rosa Holdings Plans to Acquire Controlling Interest in Red Door Title
Real Estate Investor Pleads Guilty to $54.7M in Mortgage Fraud Scams
Aron Puretz faces a maximum penalty of five years in prison. Continue Reading Real Estate Investor Pleads Guilty to $54.7M in Mortgage Fraud Scams
‘Our mortgage got so high we put off having a baby’
Source: BBC News --- Alex Czok and her husband Tom Beech had hoped to start a family this year but when their mortgage went up by hundreds of pounds they put their plans on hold. They are one of the four million UK households facing higher mortgage bills this year....
What Fed Rate Increases Mean for Mortgages, Credit Cards and More
Source: The New York Times --- As the Federal Reserve has lifted its key interest rate several times over the past year, Americans have seen the effects on both sides of the household ledger: Savers benefit from higher yields, but borrowers pay more. Here’s how it...
Home Equity Flattens Out Across U.S. In Fourth Quarter Of 2022
Source: ATTOM --- IRVINE, Calif. — Feb. 2, 2023 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its fourth-quarter 2022 U.S. Home Equity & Underwater Report, which shows that 48 percent of mortgaged residential...
LoanDepot Director Pamela Hughes Patenaude Named Board Chair of Home Builders Institute
Feb. 3, 2023 (Staff Writer) -- loanDepot, Inc. (NYSE: LDI) ("loanDepot" or the "Company"), one of the nation's largest non-bank retail mortgage lenders, today issued the following statement from CEO Frank Martell on the news that Pamela Hughes Patenaude, an...
Mortgage overpayments surge as borrowers fend off rising interest bills
Source: Financial Times --- Mortgage borrowers scrambled to pay down their housing debt after interest rates on home loans soared, with lump-sum repayments and redemptions jumping to £2.4bn in October last year from £1.7bn in the same month in 2021. The figures from...
Mortgage borrowing falls by £1bn as property market slowdown continues
Source: Money Week --- The latest data from the Bank of England (BoE) shows a growing number of people are questioning whether now is a good time to buy a house, adding more uncertainty to the property market’s outlook for 2023. The BoE’s Money and Credit report...
How soon can you refinance your mortgage?
Source: CBS News --- When you refinance your mortgage, you replace it with a new one. Sometimes, this allows you to get a lower rate or monthly payment, or it might also come with cash back, which you can use to cover home repairs or any other expense you might be...
Mortgage rate forecast for February 2023: Will the groundhog see the shadow of January rates?
Source: Bankrate --- Come February, Americans anticipate the activity of Punxsutawney Phil, the climate-forecasting rodent whose shadow will signal if winter will persist longer or be shorter. But weather isn’t the only thing we’re eager to get an expert forecast on...
Most property investors are opting for one-year fixed mortgages – survey
Source: MPA Mag --- A number of property investors are choosing to suffer the short-term pain of fixing their mortgage rates for a year in anticipation of interest rates easing, according to a new survey. The latest Crockers-Tony Alexander Investor Insight found that...
Feds raises rate a quarter point, inflation still a concern
February 1, 2023 (Staff Writer) The U.S. Federal Reserve (Fed) announced its first decision of 2023 for the Federal Funds rate today. An increase of 0.25 percentage points, taking rates between 4.50% and 4.75% was approved and adopted. This is now the eighth...
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