Older Americans hold more than $14 trillion in home equity — nearly half the size of the U.S. economy. And while seniors can benefit from tapping their equity through a reverse mortgage product, they can also use the loan proceeds to help family members who might be struggling to afford homeownership. Earlier this week, The […]
How parents use home equity to help adult children buy homes Read More »
Recent stock market losses have gotten a lot attention in the news recently. While there’s no reliable correlation between stocks and interest rates, when stock losses are as big as they have been recently, it increases the tendency for rates to move in the same direction. That was definitely the case today. Bonds (which dictate
Mortgage Rates Nudge Lower to Remain In The Same Old Range Read More »
For the second time, a federal court judge in Pennsylvania has dismissed a legal action filed against Nationstar and others, now stating the plaintiff lacked standing to sue. The other defendants are Wilmington Savings Fund Society as the trustee for a mortgage-backed securities trust, and A&D Mortgage, who originated the loan in September 2023 and
Nationstar debt collection case tossed for lack of standing Read More »
Privatizing the National Flood Insurance Program would raise premiums by hundreds of dollars, according to a study that estimates the impact as policymakers weigh potential changes and mortgage-related coverage costs climb. The average 64% increase would equate to an additional $600 in annual costs for the average homeowner with flood insurance, who currently pays $933
What privatizing the NFIP would cost homeowners: Insurify Read More »
Zillow is helping renters use their monthly payments to boost their credit profiles through CreditClimb, a new tool powered by Esusu. Renters can now enroll in CreditClimb directly through Zillow to have their on-time rent payments reported to the three major credit bureaus for $20 a year. The tool also helps renters track their credit
Zillow launches new tool to help renters build credit Read More »
Fairway Home Mortgage is partnering with Made Card to offer a credit card which will provide points for making their normal monthly loan payments and for purchases of home products and services. Borrowers do not need to use the Made for Home, formally the Made Essential Visa Signature Preferred Card, making their on-time mortgage payment
Fairway partners on card that boosts homeownership savings Read More »
Homebuyers are watching the economy closely, and for good reason. Buying a home is one of the biggest purchases most people ever make. And some recession talk in the media has made a lot of would-be buyers second guess their plans. In the latest LendingTree survey, almost 2 in 3 Americans said they think a
Most Experts Are Not Worried About a Recession Read More »
As someone who’s spent decades in the mortgage trenches—and as one of the owners of a $1 billion independent mortgage banking company—I’ve seen a few sunrises and sunsets in this industry. The 2008 crisis. Conservatorship. Waves of QE. Worsening LLPA’s. Adverse market fees. The pandemic housing chaos. Two percent refinances. The fastest rate spike in
From the warming drawer to the freezer: Tariffs, the Supreme Court and housing Read More »
At The Builder’s Daily Focus on Excellence Conference in Denver, we had a chance over breakfast to discuss what we were seeing in off-site housing. While we have come at this from different angles and have seen different aspects of it, we reached a similar conclusion. Both of us have believed for years that off-site
Off-site housing: cure or political distraction? Our Denver correspondents weigh in Read More »
Keller Williams Realty Atlanta Partners has entered into a strategic partnership with Southeast Mortgage of Georgia — linking the state’s largest real estate franchise with its largest non-bank mortgage lender. Leaders say the agreement is intended to streamline the home buying and selling process by coordinating lending and real estate services through shared technology and
Keller Williams Realty Atlanta partners with Southeast Mortgage of Georgia Read More »