U.S. Bank has joined the growing list of mortgage providers to deploy homebuyer assistance programs to help underserved borrowers overcome the down payment obstacle. The bank has launched Access Home Loan, a mortgage Special Purpose […]
HSBC and Nationwide have announced big increases to their fixed mortgage rates, piling more pain on beleaguered borrowers, writes Jo Thornhill. Nationwide building society will increase its fixed rates by up to 0.35 percentage points from […]
The mortgage delinquency rate fell 11 basis points to 3.10% in May, the second lowest national mortgage delinquency rate ever seen. In May, the number of borrowers just one payment behind improved by 94,000, erasing […]
Borrowers have been put on notice for further Bank of England interest rate rises after inflation in the UK unexpectedly remained stuck at 8.7% in May, adding to the pressure on households suffering a surge in mortgage […]
HSBC has temporarily withdrawn mortgage deals for new borrowers due to a surge in demand ahead of expected rate rises. The bank said on Thursday it would remove all its “new business” residential and buy-to-let […]
Longer Term Means Higher Overall Interest Cost One in five first-time buyers – a record number – are signing-up to 35-year mortgages to make their monthly repayments affordable, according to industry data, writes Jo Thornhill. The […]
Borrowers seeking mortgage financing to purchase a home could find themselves saving $100 a month or more by shopping around, and locating cheaper lenders with which to do business. This is according to a new […]
If you’re in the market for a new home, be aware that the upfront mortgage fees for Freddie Mac and Fannie Mae-backed loans have changed. Starting May 1, the fees dropped for borrowers with lower credit […]
LOS ANGELES (KABC) — Buying a house means getting a mortgage and you assume if you have a higher credit score, you’re considered “low risk” and will then get lower costs. Well, that’s going to change. […]
Mortgage credit availability fell to just short of its 2012 benchmark level in February. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) dropped 3.0 percent from its January level to a […]
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