Published by Forbes.com | December 5, 2023 If you had your eye on a house or neighborhood in a certain price point but weren’t able to borrow enough for a loan, your luck may change in 2024. Last week the Federal Housing Finance Agency and Federal Housing Administration announced the increases to how much buyers …
FORBES: Mortgage Loan Limits Are About To Increase In 2024 Read More »
Published by REALTOR.com | November 29, 2023 The double whammy of persistently high mortgage rates and pricey homes has paralyzed the housing market, pushing buyers to the sidelines. Lately, the universe has hit the pause button on the housing market. The double whammy of persistently high mortgage rates and pricey homes has paralyzed the housing market, pushing buyers …
The Magic Number: What Mortgage Rates Would Get Buyers and Sellers Excited To Move? Read More »
Published by CNBC Real Estate | September 6, 2023 7% appears to be the new normal After rising sharply for several weeks, mortgage interest rates pulled back slightly last week, but not enough to revive mortgage demand. Total mortgage application volume fell 2.9% last week, compared with the previous week, according to the Mortgage Bankers …
Mortgage Demand Drops to 27-Year Low as Interest Rates Pull Back Read More »
Published by Breitbart News | September 4, 2023 Democratic presidential contender Robert F. Kennedy Jr. said this weekend that the government should assist first-time home buyers by offering them discounted 3 percent mortgages, financed by selling tax-free U.S. Treasury bonds. Kennedy described his policy during the Breitbart News Labor Day Special on SiriusXM Patriot 125 with host …
Robert F. Kennedy Jr.: Use Gov’t Bonds to Help First-time Home Buyers Read More »
Published by REALTOR.com | July 17, 2023 Mortgage rates are inches away from 7%—but less than a tenth of U.S. homeowners have a home loan at that rate. Only nine percent of all existing mortgages in the U.S. were taken out with a rate of above six percent, according to data from the Federal Housing …
Only a Tenth of Mortgages Have an Interest Rate Above Six Percent Read More »
Published by The Epoch Times | June 14, 2023 Analysts fear that CRE exposure could spark another round of bank failures The work-from-home trend has been taking its toll on office landlords and is now making its way through to banks’ commercial loan portfolios, leading some analysts to predict that more trauma could be on …
Regional Banks Scramble to Unload Commercial Real Estate Loans, Fearing New Crisis Read More »
Published by Find My Way Home A second mortgage included in bankruptcy can foreclose years after it has been discharged, and can cost you a lot of money! As an expert in helping homeowners and homebuyers qualify for home loans after a bankruptcy, foreclosure, short sale or deed in lieu, I talk to folks all over …
Zombie “Second Mortgages” Haunt Unsuspecting Homeowners Read More »
Published by RT.com | May 6, 2023 The U.S. banking sector has recently been hit by a major crisis Almost half of the 4,800 banks in the U.S. are nearly insolvent, as they have burned through their capital buffers, The Telegraph reported earlier this week, citing a group of banking experts. According to Professor Amit …
Published by DS News | April 26, 2023 Debt collectors now attempting to collect on these zombie second mortgages may be in violation of the Fair Debt Collection Practices Act. The Consumer Financial Protection Bureau (CFPB) has issued guidance to protect consumers from illegal collection tactics on so called “zombie mortgages” due to the fact …
CFPB Issues Further Guidance on ‘Zombie Mortgages’ Read More »
Published by FOX News | April 19, 2023 Interest rates for mortgages have roughly doubled over the past year A Biden administration rule is set to take effect that will force good-credit home buyers to pay more for their mortgages to subsidize loans to higher-risk borrowers. Experts believe that borrowers with a credit score of about 680 …
Biden Rule Will Redistribute High-Risk Loan Costs to Homeowners With Good Credit Read More »
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