Source: Click 2 Houston — HOUSTON – Sikiru Ogunboyejo has been a real estate agent for eight years. He says he’s seen major fluctuations in interest rates during his time on the job. ”When COVID […]
Source: The Mortgage Reports — Where can I find a bank statement loan? The home loan process looks a little different when you have self-employed income. Traditional home loans are an option, but some self-employed […]
Source: Mortgage Introducer — A recent study has shown that the rising cost of energy could lead to thousands of applicants missing out on mortgages due to its impact on their affordability. Data analysis […]
Source: LA Times — Nearly $150 million worth of federal grants to the three main housing agencies working to reduce homelessness in Greater Los Angeles went unspent between 2015 and 2020, as the number […]
Average mortgage interest rates increased significantly during the week ended September 23. As a result, the Mortgage Bankers Association (MBA) said the volume of mortgage applications gave back most of its prior week gains when […]
The Federal Housing Finance Agency (FHFA) Office of the Inspector General on Wednesday said the agency has not adequately defined the rules and scope of its executive compensation practices. The OIG concluded that the agency […]
Demand for mortgage loans dropped following the Fed’s decision to raise interest rates by an additional 75 basis points last week. The market composite index, a measure of mortgage loan application volume, declined 3.7% for […]
Non-QM specialist Angel Oak Mortgage Solutions is the latest player in the space to cut a sizable chunk of its workforce amidst widespread market volatility. The company issued pink slips to 75 employees last week, […]
MAXEX, a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. The increasing demand for non-QM loans (more […]
House hunters are backing away from the housing market as mortgage rates continue to rise sharply. The National Association of REALTORS(R)’ newly released Pending Home Sales Index–a forward-looking indicator of home sales based on contract […]
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