CBS News, Jan. 19, 2025-Chelsea HyltonCalifornia Gov. Gavin Newsom announced commitments from five major financial institutions that will offer mortgage relief for property owners affected by the Los Angeles area …
Category: Top National News
The Housing Scene: Elder Abuse Hits Home
The Housing Scene, Jan. 20, 2025-Lew SichelmanElderly homeowners are a prime target for swindlers, and it’s easy to see why. Not only are seniors viewed as vulnerable and trusting, but …
Small Banks & Credit Unions Grow HELOC Assets, Big Banks Contract
Home Equity Lending News, January 17, 2025Small banks grew their holdings of home-equity lines of credit by more than $8 billion last year, though that was nowhere near the $15 …
How the Wildfires Could Reshape California Mortgage Lending
Barrons/MSN, Jan. 17, 2025-Bill AlpertWildfire risk could cloud future mortgage lending in California.Click here for more
FHA Updates Distressed Servicing Policies
National Mortgage News, January 17, 2025-Bonnie SinnockThe Federal Housing Administration has updated its distressed borrower policies, which set out procedures for mortgage companies to follow when offering consumers ways to …
Conforming Lock Volumes Hit New Low in December
National Mortgage Professional, Jan. 17, 2025-Lew SichelmanAs borrowers increasingly rely on government and non-conforming loans, the GSE market has shrunk dramatically.Click here for more
Politics Playing Significant Role in Relocation Preferences
National Mortgage Professional, Jan. 17, 2025-Lew SichelmanHalf of current homeowners planning to move in 2025 cite politics as driving motivationClick here for more
How Los Angeles Wildfire Victims Can Get Mortgage Payment Relief
Orange County Register, Jan. 16, 2025-Jeff LazersonIf your home is damaged or destroyed by the Los Angeles wildfires, or from any disaster for that matter, call your mortgage loan servicer.Homeowners …
Investors Cheered December’s Inflation Data. Experts Say US Economy is Not ‘Out of the Woods’ Yet.
Yahoo Finance, January 16, 2025-Alexandra CanalStocks rallied Wednesday after December’s CPI print finally showed some relief in core inflation and investors calibrated Fed rate cut bets.Click here for more
Mortgage Rates Climb Above 7% to Highest Level Since May
CNN, January 16, 2025-Bryan MenaMortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.Click here for more