Tag Archives: Banking & Lending

Banks offer exposure to mortgage risk — and investors want in

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The new bond products offer higher yields in a low-interest-rate environment. But if the loans go bad, investors are on the hook. Continue reading →

With home prices slow to fall, would-be buyers are getting squeezed out

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People who lost income during the pandemic are finding it hard to buy their first homes as real estate prices grew faster than incomes, according to a new Harvard University report. Continue reading →

Home office eclipses short commute as a buyer must-have, agents say

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Nearly 60 percent of agents surveyed by Homelight said they expect a home office to be a top priority for buyers in a post-vaccine landscape. Continue reading →

First-time buyers still eager, despite snags on path to homeownership

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A Chase survey revealed nearly 4 in 10 potential first-time buyers lost income during the pandemic, setting back their homeownership goals. Continue reading →

‘Summer swoon’: Mortgage rates dip further in mid-July throughout US

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The average interest rate on a 30-year, fixed rate mortgage dipped further this week, according to data from Freddie Mac. Continue reading →

Mortgage boom for second homes takes hit amid new lending rules

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New lending rules and a return to the office may have dented the prolific rise in demand for second-home loans, according to new data. Continue reading →

New study shows true impact of credit scores on mortgage rates

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Digital mortgage marketplace OwnUp’s latest study revealed buyers with good credit scores can lose $40K in interest savings by failing to shop loan options. Continue reading →

Tomo launches with aim to ‘be the best at purchase mortgages’

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The technology-based lender co-founded by former Zillow executive Greg Schwartz is now live in Seattle, Dallas and Houston. The company will refer homebuyers to real estate agents through a partnership with coaching company Tom Ferry. Continue reading →