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Mortgage borrowers stop making payments with economy shut down

The number of U.S. homeowners with mortgages who have stopped making payments is surging under the federal government’s new forbearance program, according to a survey from the Mortgage Bankers... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 8th, 2020

Mortgage Applications Down in High-Rate Environment

After a couple of weeks of increases, mortgage applications fell 2.7% from last week’s increase of 3.3%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Associatio.....»»

Category: realestateSource: rismediaApr 24th, 2024

Student-loan borrowers have delayed buying a home or car, having kids, and getting married because of their debt — even for those with balances smaller than $10,000

A new Gallup survey found that 71% of student-loan borrowers have put off key life events, including finishing th.....»»

Category: dealsSource: nytApr 17th, 2024

Mortgage Mix: Rates Inch Up; Consumers Adjust to Upward Movement

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. According to the Primary Mortgage Market Survey® from Freddie Mac, last .....»»

Category: realestateSource: rismediaApr 15th, 2024

Mortgage Rates Continue Edging Toward 7%

The 30-year-fixed-rate mortgage averaged 6.88% this week, marking a second week of increases and continued edging toward 7%, according to the latest Primary Mortgage Market Survey® (PM.....»»

Category: realestateSource: rismediaApr 12th, 2024

Market Extra: ‘The issue of racial inequality is top of mind,’ says ESG chief behind mortgage bond with social purpose

Angel Oak Capital Advisors is the first lender in the U.S. to sell a "social" mortgage bond without government backing, a deal that finances self-employed borrowers and others locked out of conventional home loan programs......»»

Category: topSource: marketwatchMay 19th, 2021

NerdWallet: Mortgage refinancing initiative to help lower-income borrowers

The federal .....»»

Category: topSource: marketwatchApr 28th, 2021

Borrowers with not-so-perfect credit may be eligible for FHA home loans

TOWN SQUARE | Every mortgage loan choice should be made on an individualized basis that takes into consideration the borrowers’ entire financial plan......»»

Category: topSource: washpostApr 27th, 2021

5 States Where Female Mortgage Borrowers Get the Worst Deals

(TNS)—Women get a raw deal on mortgages in nearly every corner of the country, a new analysis of federal data has found. Compared with single male borrowers,.....»»

Category: realestateSource: rismediaApr 7th, 2021

Capitol Report: CFPB moves to avert a wave of foreclosures

The Consumer Financial Protection Bureau is moving to strengthen protections for struggling mortgage borrowers, including those with non-federally backed loans who have so far been excluded from nationwide Covid-related relief......»»

Category: topSource: marketwatchApr 5th, 2021

Best New Ideas in Retirement: This new type of reverse mortgage would help retirees generate much more income

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......»»

Category: topSource: marketwatchMar 20th, 2021

Best New Ideas in Retirement: How to create a better reverse mortgage

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......»»

Category: topSource: marketwatchMar 19th, 2021

National survey puts Erie, Niagara in top 5 N.Y. counties for mortgage application acceptance

Erie and Niagara counties among top 5 in NYS for mortgage applications acceptance......»»

Category: topSource: bizjournalsMar 12th, 2021

If you aren’t bothered by higher monthly payments, a 10-year mortgage might be a good option

TOWN SQUARE | For borrowers with a specific goal in mind, such as paying off their mortgage before retirement or before paying college tuition, a 10-year loan could be a good option......»»

Category: topSource: washpostFeb 11th, 2021

U.S. mortgage executives forecast a $3T year in 2021

Lending rates are expected to fall as competition for borrowers heats up......»»

Category: topSource: bizjournalsJan 8th, 2021

Most Americans who request help from their banks right now get it easily, but too many don"t even realize they can ask

MOAimage/Getty Images   An April 13 survey from Lending Tree revealed that 91% of people who requested relief for their credit card and mortgage payments due to the coron.....»»

Category: topSource: businessinsiderMay 15th, 2020

Fewer borrowers are asking for mortgage relief, but that could change with bailout improvements

Borrowers are still piling into government and private lender mortgage relief programs, but the pace is finally slowing......»»

Category: realestateSource: cnbcMay 15th, 2020

Mortgage lenders tighten screws on U.S. credit in echo of 2008

Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years. During the past month, lenders have put in place higher... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 10th, 2020

Mortgage bailout swells to 4.1 million borrowers, but demand is slowing

In the past week, 225,000 more borrowers took advantage of government and bank mortgage forbearance programs, according to data firm Black Knight......»»

Category: realestateSource: cnbcMay 8th, 2020

Mortgage lenders tighten screws on credit in echo of 2008

Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years......»»

Category: topSource: moneycentralMay 8th, 2020