HousingWire, June 3, 2024-Flávia Furlan NunesAfter falling out of favor due to their role in the 2008 housing crash, adjustable-rate mortgages (ARMs) have gained popularity over the past few years.Click …
Category: Top National News
Extreme Hurricane Season to Put Tens of Millions of Homes at Risk This Summer
Mansion Global, May 30, 2024-Chava GourarieThe U.S. is headed into what’s expected to be a busy hurricane season, according to the National Oceanic and Atmospheric Administration (NOAA), which forecast up …
Array of Mortgages Cover Hard-to-Qualify Properties, Borrowers
Orange County Register, May 30, 2024–Jeff LazersonSelf-employed homebuyers who have insufficient tax return income and are seeking a loan can choose from an array of exotic mortgage programs or so …
U.S. Mortgage Delinquency Rates Remain Near Historic Lows: CoreLogic
HousingWire, May 30, 2024-Sarah MarxIn March 2024, the national delinquency rate for residential mortgages stood at 2.8% for the third month in a row, up slightly from March 2023, according …
Zero-Down Mortgages Are Making a Comeback
CNN, May 30, 2024-Matt EganMany Americans would love to buy a home, but they don’t have tens of thousands of dollars to cover a down payment.Click here for more
GSE CES Opposition Strong, More Details Wanted
Home Equity Lending News, May 24, 2024–Sam GarciaWhile there is support for a Freddie Mac closed-end second product, there is plenty of opposition. Among the concerns are the disruption to …
How Some Homebuyers Are Snagging Rare, Sub-4% Mortgages
Axios, May 21, 2024-Emily PeckHomebuyers typically covet amenities like walk-in closets or cold-plunge pools — but the latest hot thing in the housing market is the old-school sub-4% mortgage.Click here for …
Weekly Mortgage Refinance Demand Revives as Interest Rates Fall to 7-Week Low
CNBC, May 22, 2024–Diana OlickApplications for a mortgage to purchase a home fell 1% for the week and were 11% lower than the same week one year ago, the Mortgage …
FHA Greenlights Higher Fee for Assumptions
National Mortgage News, May 20, 2024–Bonnie SinnockThe Federal Housing Administration on Monday markedly increased what lenders can charge when a new borrower assumes a loan.Click here for more (subscription)
Are Second Mortgages About to Make a Comeback? Freddie Mac Has a New Proposal
MoneyWise, May 22, 2024–Chris ClarkIn a landscape of fluctuating interest rates and economic uncertainty, homeowners are often on the hunt for financial flexibility. Their options include a second mortgage, which …