Forbes, Jan 21, 2025-Simon MooreThere is little chance that the Federal Open Market Committee will cut interest rates on January 29.Click here for more
Category: Top National News
Mortgage Rates Aren’t Likely to Fall Any Time Soon — Here’s Why
CNBC, Jan. 21 2025-Greg IacurciRates on a 30-year fixed mortgage rose above 7% in the week ended Jan. 16, according to Freddie Mac data.Mortgage rates were below 3% as recently …
Gov. Gavin Newsom Announces Mortgage Relief Commitments from Major Lenders to Help Wildfire Survivors
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 …
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 …