U.S. Bank - Real Estate Investor Pulse

U.S. Bank reveals new mortgage product aimed at minority borrowers

July 13, 2023 Mark Paul Cervantes Comments Off

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 […]

U.S. Bank Debuts Product to Expand Minority Homeownership Access

July 13, 2023 Mark Paul Cervantes Comments Off

U.S. Bank has committed $100 million over the next five years to the Access Home Loan program. The post U.S. Bank Debuts Product to Expand Minority Homeownership Access appeared first on Weekly Real Estate News.

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]