As the nation’s home buyers continue to face affordability woes, Joe Puthur from Mortgage Coach shares his thoughts on ways to ease the issues faced by many prior to entering the housing marketplace.
Read More »Wells Fargo Commits $2B to Support Housing Affordability
Issuance of new Sustainability Bond will be used for housing affordability project design for low- and moderate-income populations.
Read More »Homes for Sale Spending More Time on Market
Realtor.com’s latest housing data release for August reveals that listing prices decelerated for the third month in a row, as more sellers hit pause on listing homes and ...
Read More »Aggressive Monetary Policy Drives Mortgage Rates Upward
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) had averaged 5.66%. “The market’s renewed perception of ...
Read More »CFPB, FHFA, GSEs to Join Mortgage Execs at Five Star Conference
This year’s Five Star Servicing & Compliance Lab will feature insights and discussions from the above government agencies as well as from mortgage servicers such as Colonial Savings, JPMorgan Chase & Co., Mr. Cooper, Rushmore Loan Management Services, Selene Finance, and more.
Read More »BofA Launches Program to Help Clear Hurdles for Minority Homeowners
Bank of America announced its Community Affordable Loan Solution, as a new Special Purpose Credit Program that introduces zero down payment, zero closing cost mortgage solution for first-time ...
Read More »Housing Activity Expected to Experience Moderate Retreat
Fitch Ratings says the likelihood of a severe downturn in US housing has increased; however, their rating case scenario provides for a more moderate pullback that includes a ...
Read More »Joint Research Finds Room for Improvement in Mortgage Processes
There is always room for improvement, even in a well-oiled machine, and new joint research by Snapdocs and the STRATMOR Group found that 1-in-5 mortgage applicants experienced an ...
Read More »Homebound Young Adults Choosing to Pay Debts, Building Savings
For many, when it rains, it pours, and many new and young adults got dealt a bad hand at the outset of the pandemic, when lockdowns eliminated many ...
Read More »Purchase App Demand Continues to Shrink
Mortgage application volume fell yet again, remaining at multi-decade lows, as the MBA reported an 8% decline in overall refis apps, which now comprise just 30% of all applications nationwide.
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