A report found overall residential lending to be down 32 percent between the first quarters of 2021 and 2022, with refinancing lending dropping 22 percent and mortgages dipping 18 percent. Continue reading
Homeowner equity grew by 32.2 percent in the past year as the number of borrowers underwater on their mortgages fell to a new low. California, Hawaii and Washington led the way. Continue reading
As Fed embarks on “quantitative tightening,” interest rates could come under renewed pressure. Continue reading
New whistleblower lawsuit claims Vishal Garg made misstatements ‘all aimed at duping investors and shareholders’ amid quest to bring Better public. Continue reading
Ohio is the sixth new state the New York-based Power Buyer has added this year, giving it a presence in 13 states. Continue reading
An “All-In-One-Mortgage” combines a bank account, a mortgage, and an equity line of credit (the equivalent of a HELOC) into a single product that accomplishes each of these goals. Author and consultant Bernice Ross discusses its potential for homeowner… Continue reading
This week, we’re wondering: What’s the wackiest thing you’ve had to do to get a deal done? Let us know in this week’s Pulse. Continue reading
Although 76 percent said it was a good time to sell, rising mortgage rates are likely to make some would-be sellers reluctant to give up their existing mortgage. Continue reading
Investors warned of “break even” second quarter as rising mortgage rates put a bigger-than-expected dent in loan originations. Continue reading
This week, we’re wondering: How are your clients funding their purchases, especially in the face of higher home prices and interest rates? Continue reading