Affordability still remains a challenge for many borrowers, many of whom are turning to permanent rate buydowns.
In July 2020, the CFPB filed a lawsuit accusing Townstone of discouraging prospective African American borrowers in the Chicago metropolitan area from applying for mortgages.
With the impact of inflation and looming economic uncertainty, home equity lines of credit (HELOCs) are an increasingly popular choice for those who are considering tapping into their home’s rising equity while protecting their existing, low mortgage rates.
Guaranteed Rate’s Lock ‘N’ Sell rate lock and forward commitment programs are intended to address affordability challenges.
New data shows job openings are high and jobless claims are low, with a 3.4% unemployment rate, which isn’t ideal for mortgage rates.
We might only be a few weeks into 2023, but these first weeks have been rich with informative data on the housing market.
USAA eliminated 130 positions in the real estate lending group amid projections of the mortgage industry shrinking in 2023.
Gathering of Eagles is the must-attend event of 2023 for real estate presidents, senior leaders, and broker-owners.
The labor market started 2023 with a bang, which could spell trouble for the housing market as the Fed tries to control inflation this year.
The California-based Pennymac Financial Services executives rightsized the company and invested in its servicing portfolio in 2022.