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Reverse mortgages can be a powerful financial tool in retirement — especially as more Americans age in place. But the product’s design today isn’t meeting many borrowers’ needs......»»

About 7.3% of U.S. mortgages entered forbearance plans in April, providing temporary relief to more than 3.8 million borrowers who have lost income during the coronavirus pandemic. The loans have... To view the full story, click the title link......»»

For most mortgage borrowers, the first of the month is payment day. This month,on however, is a very different story. Millions of borrowers have either lost jobs or income, and are suddenly struggling to make those monthly payments......»»

The Trump administration is considering a plan to allow homeowners whose income was cut by the coronavirus to delay mortgage payments. Still to be decided is a mechanism for borrowers to catch up......»»

Another major drop in mortgage rates caused a massive jump in borrowers applying to refinance their home loans. The surge sent total mortgage application volume up 55.4% last week, according to the Mortgage Bankers Association......»»

About 9.4 million borrowers could save an average $272 per month if they were to refinance to a lower rate, according to calculations by Black Knight Inc......»»

Higher new vehicle prices and lower scrutiny of borrowers' reported income are leading to a rise in delinquent auto loans, particularly among borrowers with low credit scores......»»

Increase in refinancing due to lower rates is likely to aid Zions' (ZION) fee revenues in the second quarter of 2019. However, muted growth in N.....»»

Rates for home loans held steady and declined as financial markets bore the brunt of geopolitical upheaval and concerns about lower growth.....»»

Verifying income for self-employed borrowers has been more difficult and time-consuming than for borrowers who can prove their income with pay stubs or W-2 forms......»»

Wells Fargo (WFC) reports negative earnings surprise of 3.6% in second-quarter 2018 due to lower mortgage banking revenues. Impacted by l.....»»

Certain borrowers with a debt-to-income-ratio as high as 50 percent can get approved for a mortgage, up from the previous maximu.....»»

Following the subprime mortgage crisis, low-income borrowers with low credit scores were locked out of homeownership. Now a major player in the subprime crisis is backing new loans to the same borrowers but with a far different product. .....»»

U.S. borrowers filed the fewest applications for home refinancing in about 18 years last week even as mortgage rates drifted lower in step with U.S. bond yields, the Mortgage Bankers Association said on Wednesday......»»

U.S. borrowers filed the fewest applications for home refinancing in almost 18 years last week even as mortgage rates drifted lower in step with U.S. bond yields, the Mortgage Bankers Association said on Wednesday......»»

U.S. borrowers filed the fewest applications for home refinancing in almost 18 years last week even as mortgage rates drifted lower in step with U.S. bond yields, the Mortgage Bankers Association said Wednesday......»»

U.S. borrowers filed the fewest applications for home refinancing in almost 18 years last week even as mortgage rates drifted lower in step with U.S. bond yields, the Mortgage Bankers Association said Wednesday......»»

That is its highest level since February and came after a 23 percent jump the previous week. Volume was just 0.5 percent lower than a year ago......»»

BlackRock Income Trust: A Lower Risk Mortgage Bond CEF.....»»

Years in t.....»»