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Assumable mortgages are having a moment. Will it last?

National Mortgage
Mortgage Finance
2 years ago

The number of people assuming existing Federal Housing Authority and Veterans Administration mortgages has increased substantially in recent years, driven,.. Read More;

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Majority of serious delinquent mortgages have 20% equity

National Mortgage
Mortgage Finance
2 years ago

The mortgage market has been partly counting on home equity to maintain performance and so far, while there's been a,.. Read More;

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Homebuyers unwilling to wait for home price, rate drops

National Mortgage
Mortgage Finance
2 years ago

Prospective homebuyers are apparently less patient about market conditions than six months ago, with a significant percentage no longer willing,.. Read More;

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Big lenders will see profit freeze through spring, Moody's says

National Mortgage
Mortgage Finance
2 years ago

The industry's biggest non-bank lenders won't see green shoots until at least next spring, Moody's Investors Service said in a,.. Read More;

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Slowest housing market in years is weighing on consumer spending

National Mortgage
Mortgage Finance
2 years ago

Plunging U.S. home sales are having a ripple effect on consumer spending, as fewer Americans are moving into houses that need,.. Read More;

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Hometown Lenders' state license suspensions mount

National Mortgage
Mortgage Finance
2 years ago

A handful of state housing regulators moved to revoke Hometown Lenders' license in recents weeks. Overwhelmingly, the notices filed accuse,.. Read More;

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Rep. Maxine Waters asks PNC, Wells to put bank branches in her district

National Mortgage
Mortgage Finance
2 years ago

Representative Maxine Waters, a Democrat from California, held a town hall meeting on Saturday at Inglewood High School where she,.. Read More;

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Federal Home Loan banks launch opposition to FHFA reforms

National Mortgage
Mortgage Finance
2 years ago

The Federal Home Loan banks have asked the Federal Deposit Insurance Corp. to write into an upcoming law that the,.. Read More;

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Real estate euphoria highlights trader angst for end to hikes

National Mortgage
Mortgage Finance
2 years ago

Real estate finished November as the second best performing group in the S&P 500 Index adding 12%, trailing slightly behind,.. Read More;

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How the reverse mortgage servicing space is embracing AI

National Mortgage
Mortgage Finance
2 years ago

Sergey Dyakin, CIO of Celink, outlines the nuances of implementing new technology in the HECM servicing business,.. Read More;

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FHA finalizes new servicing incentives for reverse mortgages

National Mortgage
Mortgage Finance
2 years ago

The Federal Housing Administration has released a final version of proposed measures aimed at improving reverse mortgage servicing, including new,.. Read More;

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Monthly mortgage payments up to nearly $2,200

National Mortgage
Mortgage Finance
2 years ago

Home affordability decreased at the start of the fourth quarter, with monthly payments up 2% in October, according to the,.. Read More;

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