Loan Archives - Page 3 of 23

Loan

Freddie Mac’s second mortgage pilot cleared in FHFA’s new review process

Shehryar JoyiaJune 24, 2024

“MBA appreciates FHFA’s detailed responsiveness to the key questions we outlined in our comment letter regarding the program’s scope, mission, and secondary market implications,” MBA president and CEO Bob Broeksmit...

Loan

Existing home sales dwindle as record prices squeeze buyers

Shehryar JoyiaJune 24, 2024

Total housing inventory was up 6.7% from April and 18.5% from one year ago. At the current sales pace, this represents a 3.7-month supply, an increase from 3.5 months in...

Loan

What are the challenges and opportunities in Las Vegas’ mortgage market?

Shehryar JoyiaJune 21, 2024

Mortgage applications rose for the second consecutive week as interest rates inched higher following the latest inflation data and Federal Reserve meeting. https://t.co/mvXkBLTTVs — Mortgage Professional America Magazine (@MPAMagazineUS)...

Loan

Mortgage rates drop again amid hopes for Fed rate cut

Shehryar JoyiaJune 21, 2024

Market analysts attribute the decline in mortgage rates to a recent inflation report showing a drop in the year-over-year core consumer price index, its lowest level in over three years....

Loan

Ex-Rocket Mortgage exec launches brokerage Zoom Home Lending

Shehryar JoyiaJune 21, 2024

“This new chapter gives me the freedom and flexibility to run my business without any red tape,” Saleh said in a press release emailed to MPA. “The wholesale channel and...

Loan

Commercial property owners in Chicago, NYC shoulder heaviest tax burden

Shehryar JoyiaJune 21, 2024

The report standardizes comparisons using an effective property tax rate, calculated by dividing the total tax bill by the assessor's determination of fair market value. The rates for other cities...

Loan

Planet Home Lending opens branch with focus on specialty loans

Shehryar JoyiaJune 21, 2024

“Deb’s experience and intricate knowledge about specialty loan origination make her a valuable addition to the Planet Home Lending family,” said Michael Dubeck, CEO and president of Planet Financial Group,...

Loan

Surging homeowners insurance costs add to Floridians’ affordability woes

Shehryar JoyiaJune 20, 2024

Spiking costs causing further headaches for residents of the state Source link

Loan

Builder sentiment sinks to 7-month low – NAHB

Shehryar JoyiaJune 20, 2024

“Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” NAHB chairman Carl Harris said in the association’s latest HMI report. “Home builders are also dealing with higher...

Loan

Is house flipping recovering? Investor profits rise in latest report

Shehryar JoyiaJune 20, 2024

As flipping activity picked up, fortunes kept improving for investors buying and quickly reselling homes. Home flippers typically earned a 30.2% gross profit before expenses – the third time in...