Tag Archives: mortgage

Demand for mortgages wanes as rates plateau near 2023 highs

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A decrease in applications for FHA loans popular with first-time homebuyers helped push the average purchase loan application to $432,700, according to the latest MBA lender survey. Continue reading →

Far Homes new financing tool helps Mexico seem much closer

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The marketplace for properties south of the border will now offer the value of linking aspiring owners with the people and processes involved with financing homes in the very popular U.S. second-home destination, the company said. Continue reading →

Anywhere vet Simon Chen is new CEO of bridge loan provider Arrival

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The San Francisco-based startup lets homeowners tap their equity to obtain bridge loans and submit a “cash-equivalent offer” on their next home. Continue reading →

Doma sells off more title operations in Texas and Midwest

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Deals with Capital Title of Texas and Near North Title Group follow the sale of 22 retail title locations and operations centers in California to Williston Financial Group in May. Continue reading →

Economy’s strength could keep a damper on existing-home sales

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Lack of inventory driven by mortgage lock-in effect may persist if the Federal Reserve maintains a ‘higher-for-longer’ rate strategy to combat inflation, Fannie Mae economists said. Continue reading →

There’s a ‘magic number’ that moves homes. Will we ever hit it?

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Homebuyers have been holding out for a 5.5 percent rate, Maegan Sherlock told Intel. It may take a while for them to adjust their expectations. Continue reading →

California puts another $200M into shared appreciation loans

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CalHFA’s Dream For All loan program for first-time homebuyers burned through the first $300 million funding round in less than two weeks. Continue reading →

Angelo Mozilo, symbol of subprime mortgage lending, dies at 84

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The co-founder of Countrywide Financial cast himself as the leader of the revolution to expand access to mortgage lending but became the public face of the subprime mortgage collapse. Continue reading →