Get a no-closing-cost mortgage and a low rate, too
A no-closing-cost refinance or home purchase saves you money upfront But your rate will be higher. Learn when a no-cost mortgage is a good idea.
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Prevention Measures and Increased Borrower Equity Lower Foreclosure Risk
Posted To: MND NewsWire
The Urban Institute (UI) says the surge in foreclosures predicted as the COVID-19 pandemic drove unemployment to the highest level since the Great Depression may not materialize, even when the current forbearances end. Two UI researchers, Michael Neal and Laurie Goodman, say that even vulnerable homeowners may be spared, and they think they have identified the reasons. Mortgage forbearance rates peaked at 8.55 percent of active mortgage in June 2020 and began to fall when unemployment rates did. Since October, however, both unemployment and forbearance rates have flattened. This has heightened concern that many homeowners could face foreclosure later this year. The authors say about a quarter of the 2.7 million borrowers who remain in forbearance plans are continuing to make their payments…(read more)
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When Should You Start Looking for a House?
The short answer: Immediately. That is, if you want to buy a home at some point in the next year, or any time thereafter. Weâll get into the specifics in a moment, but thereâs really no sense in waiting if you want to own a home or condo because itâs always going to be a [&hellip
The post When Should You Start Looking for a House? first appeared on The Truth About Mortgage.
Unintended consequence of Dodd Frank has left a $1 trillion gap in the US housing market – CEO
A fundamental premise of today’s housing and mortgage markets is that there is not nearly enough supply for the demand that’s out there. While the consensus solution is to simply build more houses, one mortgage CEO explained that there’s a gap in the market that amounts to an estimated $1 trillion worth of property currently … [Read more…]
AIB sells soured mortgages as it circles Ulster Bank loans – The Irish Times
AIB sells soured mortgages as it circles Ulster Bank loans The Irish Times
Update: Biden Administration Extends Eviction and Foreclosure Moratorium, Again
Getting to work right after the inauguration ceremony was over, President Joe Biden included assistance for renters and homeowners among a slew of executive orders to help struggling Americans.
Veteran? Want to Buy a Home? Check out Veterans United Home Loans
Are you a veteran? Would you like to buy your own home? It turns out that lots of vets donât know about this exclusive benefit.
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One-stop-shop trend continues with Propertybaseâs Unify buy
The acquisition of the mortgage fintech aligns with growing customer expectations surrounding a fully digital homebuying experience.
Today’s mortgage rates bump up again | February 12, 2021 – Fox Business
Today’s mortgage rates bump up again | February 12, 2021 Fox Business
Americans’ mortgage debt increased to $10T in Q4
Household mortgage debt is up as credit card debt falls to historic levels, according to the latest report from the Federal Reserve Bank of New York.
The post Americans’ mortgage debt increased to $10T in Q4 appeared first on HousingWire.