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Mortgage catastrophe brews in Britain as millions are pushed toward insolvency
June 26, 2023
Mark Paul Cervantes
Economy, International, Mortage News, Top News
Comments Off on Mortgage catastrophe brews in Britain as millions are pushed toward insolvency
The Bank of England’s surprise 50-basis-point hike will affect millions of homeowners as the interest rates on many mortgages in the U.K. are directly linked to the central bank’s base rate. Finance Minister Jeremy Hunt […]
Demand for home loans climbs despite surging mortgage rates
March 8, 2023
Mark Paul Cervantes
Housing Wire
Comments Off on Demand for home loans climbs despite surging mortgage rates
It’s counterintuitive but real: Despite surging mortgage rates, borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. However, a surge […]
How the housing ecosystem can empower and educate borrowers about mortgage relief
November 15, 2023
Allen Santos
Housing Wire
Comments Off on How the housing ecosystem can empower and educate borrowers about mortgage relief
Every borrower wants to believe their homeownership journey will be smooth sailing, without financial hardships or missed mortgage payments. But as the last few years have taught us, unforeseen events like COVID-19, natural disasters, inflation […]