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Mark Paul Cervantes
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Starting today, the Federal Housing Finance Agency’s mortgage pricing adjustments will increase fees for borrowers with high credit scores while reducing costs for those with subpar credit scores. This upside-down policy is blatantly socialism, and one can’t help […]
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February 24, 2023
Mark Paul Cervantes
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Comments Off on U.S. Housing Bubble Downfall Continues: Purchase Mortgage Applications At 28-Year Low
After one of the largest speculative bubbles in history during the pandemic, the US housing market is now slowly tanking. Median home prices in the United States had risen about 45% in two years from […]
Mortgage forbearance improves in July
August 23, 2023
Mark Paul Cervantes
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Comments Off on Mortgage forbearance improves in July
The total number of loans now in forbearance decreased by 5 basis points to 0.39% of servicers’ portfolio volume in July from 0.44% May, according to the Mortgage Bankers Association’s (MBA) monthly loan monitoring survey. […]