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 …
Category: Top National News
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 …
CFPB’s Chopra Says Bureau Will ‘Be Firing on All Cylinders’ After SCOTUS Win
National Mortgage News, May 17, 2024–Kate BerryWith the Supreme Court decision affirming that the Consumer Financial Protection Bureau’s funding structure is constitutional, CFPB Director Rohit Chopra outlined the agency’s next …