Home Equity Lending News, Jan. 14, 2025Cash proceeds extracted from home equity find their way into the U.S. economy, stimulating activity and contributing to growth. But when real estate values …
Category: Top National News
Biggest US Banks Ready Mortgage Relief for Victims of Los Angeles Wildfires
Reuters, January 13, 2025-Niket Nishant, Saeed AzharJPMorgan Chase and Bank of America are preparing to ease mortgage repayment conditions for customers affected by the Los Angeles wildfires, as residents grapple …
LA Wildfires Likely to Slow Down Mortgage Trades
National Mortgage News, Jan. 14, 2025-Brad FinkelsteinThe wildfires are expected to have a limited effect on loan pricing and delinquencies, but other expenses could rise, adding to the cost of …
Only Half Of FHA Borrowers Eligible For DPA Receive It
National Mortgage Professional, Jan. 7, 2024-Lew SichelmanDown payment assistance (DPA) is an important tool for helping to qualify borrowers who struggle to to raise enough money for a down payment …
Interest Rates in 2025: Where Are They Headed?
Commercial Observer, January 6, 2025-Brian PascusIn life, we’re told the only guarantees are death and taxes. While not nearly as morbid nor pessimistic, in commercial real estate, the only promise …
CFPB Unveils Rule to Erase Medical Debt From Credit Reports
HousingWire, Jan. 7, 2025-Flávia Furlan NunesAmid a regulatory push ahead of the White House transition, the Consumer Financial Protection Bureau (CFPB) unveiled a new rule on Tuesday to eliminate medical …
Thousands Flee as Wildfires Burn Out of Control and Destroy Homes Across the Los Angeles Area
The Associated Press, Jan. 8, 2024-Jaimie Ding, Christopher Weber and Julie WatsonMultiple massive wildfires tore across the Los Angeles area with devastating force Wednesday, destroying more than 1,000 structures and …
California Was Already in Home-Insurance Crisis Before Los Angeles Infernos
The Wall Street Journal, Jan. 9, 2024-Jean Eaglesham and Joe FlintNick Ramirez hunched over a screen in his Los Angeles insurance agency, watching a map tracking the raging wildfires engulfing …
Seniors’ Home Equity Drops on Lower Values, More Debt
National Mortgage News, Jan. 10, 2024-Brad FinkelsteinSenior home equity declined in the third quarter off of its all-time high, due to lower property values combined with an increase in debt …
Over 250k Homeowners Remain in Forbearance — Report
MPA, Jan. 3, 2024-Camille Joyce LisayThe Mortgage Bankers Association’s (MBA) monthly loan monitoring survey revealed an increase in total mortgage loans in forbearance to 0.50% as of November 30, 2024.Click …