Posts filtered by tags: Mortgages[x]


Low credit scores are biggest barrier for women, minority buyers

OJO Labs' latest homebuyer survey found that Black homebuyers were three times more likely to have a credit score below 660, which inhibits access to down payment assistance programs and agent support.
Tags: Mortgages, Radio, Credit Scores, Mortgage, Borrowing, Mortgage Rates, Black, First-Time Homebuyers, OJO Labs, Homebuyer Assistance, Creditworthiness

Home ownership unaffordable despite 95% mortgages, analysis shows

Many single thirtysomethings will still find large parts of England and Wales too expensive to buyThe government’s scheme to turn generation rent into generation buy will not help single thirtysomethings get on the property ladder in much of England and Wales, Guardian analysis has found.The mortgage guarantee scheme, which came into effect on Monday, will support banks and building societies to offer 95% loans, meaning that buyers only have to raise 5% themselves. Continue reading...
Tags: England, Money, Wales, Mortgages, House Prices, UK News, Property, Wales Guardian

Share of homeowners who can’t pay their mortgage hits new low

The share of mortgages in forbearance dropped below 5% in March for the first time since the beginning of the pandemic, as homeowners resuming their payments continued to outnumber new requests for relief for the fourth week in a row.
Tags: Mortgages, Radio, Mortgage, Freddie Mac, Fannie Mae, Mortgage Bankers Association, Markets & Economy, Mike Fratantoni, Forbearance, Coronavirus

The Real Word: How will rising rent prices affect the housing market?

Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. In this edition of The Real Word, they'll discuss rising rent prices, alternative home financing and how Matt Lionetti stands out from the crowd.
Tags: Video, Opinion, Mortgages, Service, Radio, Teams, Agent, Columns, Financing, Industry News, Nicole White, Brokerage, Select, Rent Prices, Byron Lazine, The Real Word

5 ways the pandemic mortgage boom has changed the market

Mortgage experts Ann Thompson and Christian Wallace share how the pandemic changed the mortgage market and what it means for today's consumers.
Tags: Mortgages, Bank Of America, Radio, Mortgage, Mortgage Rates, Christian Wallace, ANN THOMPSON, Markets & Economy, Select, Pandemic, Refinancing, Mortgage Origination, Clelia Peters, Inman Events,, Theme Months

Is Walmart gunning for the mortgage industry? Experts say yes

Experts Holden Lewis, Greg McBride and Jill Gonzalez share their thoughts on Walmart's foray into fintech and what it could mean for the mortgage industry.
Tags: Amazon, Mortgages, Walmart, Radio, Wal-mart, Mortgage, Fintech, Mike Cagney, Jill Gonzalez, Select, Housingwire, Ribbit Capital, Figure Technologies, Holden Lewis Greg McBride

Sunak's budget expected to offer first-time buyers mortgage guarantee

Treasury says low-deposit mortgages have virtually disappeared since 2008 financial crisisThe chancellor is expected to unveil a mortgage guarantee scheme that aims to help first-time buyers get their foot on the property ladder in next week’s budget.Rishi Sunak is attempting to incentivise lenders to provide mortgages to first-time buyers, along with current homeowners, with deposits as low as 5% on properties worth up to £600,000. The government will offer lenders the guarantee they need to pr...
Tags: Business, Politics, Money, Mortgages, Economics, UK News, Economic policy, Property, Economic recovery, Treasury, Help-to-buy scheme, First-time buyers, Rishi Sunak, Budget 2021

Study: 44% of millennials would buy a home from photos alone

Clever Real Estate's latest millennial survey published on Tuesday revealed just how far the generation is willing to go to become homeowners.
Tags: Lifestyle, Markets & Economy, Clever Real Estate, Down Payments, Interest Rates, Millennials, Mortgages, Student Loan Debt

Driven by Mortgages, U.S. Household Debt Hits New High

Source: StatistaU.S. household debt climbed to a record high of $14.6 trillion at the end of 2020, as mortgage debt surpassed $10 trillion for the first time. According to the New York Fed’s latest Household Debt and Credit Report, mortgage debt increased by a whopping $183 billion over the past three months alone. The increase was mainly driven by a record volume of mortgage originations, as many households took advantage of historically low mortgage rates to refinance their mortgages and ev...
Tags: Infographic, Debt, Mortgages, Radio, Statista, New York Fed, General Interest, Mortgages U S Household Debt Hits New High

A Beginner’s Guide to Getting A Mortgage

Buying your first home can be a dream come true, and a life-changing adventure. But you should make sure that you have your finances and legal documents in place.  It would help if you did as much research as you can into all of the costs you may incur, and set aside an affordable budget that will not leave you struggling with making the repayments each month.  In this equation you should also consider the cost of the house you intend to buy, is this your first home, or your second, ...
Tags: Fashion, Real Estate, Mortgages, Mortgage, Loans, Loan, Home Loan, Online Loan, Home Life, Real Estate Agent, Loan Agencies

What’s changed? 5 factors COVID-19 caused us to reconsider

There's no doubt that a home is still a smart investment. However, this past year presented us with many other crucial points to consider. Here are a few short- and long-term results 2020's events might bring.
Tags: Homeownership, Opinion, Climate, Recession, Mortgages, Service, Radio, 2020, Agent, Homebuying, Home Values, Markets & Economy, Select, COVID-19, Covid-19 effects

Mortgage affordability falls in 51 of 100 largest cities

A new Point2 report also found that home prices rose faster than wages in most of the biggest markets.
Tags: Mortgages, Radio, Mortgage, Housing Affordability, Markets & Economy, Point2, Mortgage Affordability,, Unaffordable Markets

How to Get Relief With Your FHA-Backed Mortgage

You might be able to skip all mortgage payments in 2021 if your home loan is backed by the Federal Housing Administration (FHA), as the Department of Housing and Urban Development announced more relief for borrowers struggling as a result of the pandemic.Read more...
Tags: Mortgages, Lifehacks, FHA, Department of Housing and Urban Development, Federal Housing Administration FHA, Covid 19, Stimulus Check, Pandemic Living

Mortgage applications increase for fourth time in 5 weeks

Mortgage applications and refinance applications increased during the week ending December 11, 2020, according to the Mortgage Bankers Association's weekly survey.
Tags: Analysis, Data, Markets & Economy, Mortgage, Select, 15 Year Fixed Rate Mortgage, 30 Year Fixed Rate Mortgage, COVID-19, FHA loans, Joel Kan, Jumbo Loans, Mortgage Applications, Mortgage Bankers Association, Mortgages, Refinance Loans, Stimulus Package

The Legacies, Leaders and Laggards of 2020

Lasting legacies and legends are not typically built during times of prosperity and calm. They are built during life’s toughest journeys, navigating overwhelming adversity and enduring uncertainty in the proverbial “fog of war.” It’s not only been an unsettling year, but 2020 has, at times, been downright frightening! Real estate leaders cannot control social unrest, vaccine timelines, divisive political parties nor economic instability. The bold leaders of today and tomorrow, however, have cont...
Tags: News, Instagram, Mortgages, Radio, Hud, Zillow, Ben Carson, Redfin, Latest News, Mike Ryan, NAR, Lawrence Yun, Realogy, Real Estate Technology, RESPA, Spotlights

Fixed-rate vs. adjustable-rate mortgages

(This article was originally published on June 28th, 2010, and has been updated.) Recently I heard someone got a 30-year fixed-rate mortgage for 2.5%. That is incredibly, disgustingly low, and makes me jealous, haha. Around two-thirds of Americans are homeowners, and many of them carry mortgages for much of their adult lives, if not all of it. Two kinds of mortgages A mortgage is a loan that has a house as collateral, and it's usually the biggest loan a family will ta...
Tags: Mortgages, John, Frugality

Mortgage rates hit 12th record low of 2020, further fueling a booming US housing market

Rich Pedroncelli/ Associated Press The average US 30-year fixed mortgage rate fell to 2.78% from 2.8%, marking the 12th record low this year. Rates are no is the lowest in Freddie Mac data going back nearly 50 years. Inexpensive loans have fueled a powerful housing rally during the coronavirus pandemic. "Despite the uncertainty that we've all experienced this year, the housing market, buoyed by low rates, continues to be a bright spot," said Sam Khater, Freddie Mac's chief economist. Visit...
Tags: US, Trends, Mortgages, Markets, Housing Market, Federal Reserve, Business Insider, Jpmorgan, Mortgage Rate, Freddie Mac, the Federal Reserve, Existing Home Sales, New Home Sales, Sam Khater Freddie Mac, Low Interest Rates, Emily Graffeo

Could we see a flurry of foreclosures in 2021?

While there is more demand for housing, there is also a higher risk of losing it, and many economic signs point to a rocky road ahead. Here's why this housing boom won't last.
Tags: Housing, Opinion, Mortgages, Service, Radio, Agent, Demand, Markets & Economy, Brokerage, Select, Foreclosures, Home Builder Confidence, Jobless Claims, Forebearance

Can You Transfer Your Mortgage to Someone Else?

Can you transfer your home loan to another person? Doing so certainly could be convenient: if you’re selling your home, the buyer could just take on your mortgage as part of the deal, avoiding the hassle of a new loan application, not to mention the extra closing costs. As nice as that sounds, mortgage transfers are…Read more...
Tags: Mortgages, Loans, Lifehacks, Mortgage Rates, Homebuying

5 charts show just how badly Latino and Black communities have been impacted by the economic fallout from the coronavirus

Some 58% of Hispanic/Latino people are worried about losing their jobs, compared to 50% of Black people and 40% of white people. Spencer Platt/Getty Images The coronavirus pandemic is not impacting Americans equally.  Hispanic/Latino and Black Americans are feeling the economic consequences significantly more than white Americans, per a new survey conducted by the Harris Poll on behalf of the American Staffing Association.  For example, 65% of Hispanic/Latino respondents are worried about ...
Tags: News, Congress, US, Trends, Mortgages, Economy, Features, Bureau of Labor Statistics, Race issues, Usa Today, Inequality, Forbes, US Census Bureau, Facebook COO Sheryl Sandberg, American Staffing Association, Spencer Platt Getty

WFG founder Pat Stone talks e-closings, coronavirus and getting back to basics

On the heels of WFG's 10th anniversary, founder Pat Stone shares his secret to success, which hinges on mastering the basics and putting clients first.
Tags: Technology, Interviews, Mortgages, Radio, Select, The Great Recession, Pat Stone, Coronavirus, WFG National Title and Insurance Company, Rocket Mortgage announce new partnership

Homebuyers using interested in getting pre-approved through a mortgage will see advertising from Rocket Mortgage, which will allow that consumer to connect directly with the latter's online application.
Tags: Technology, Mortgages, Radio, Mortgage, Move, Quicken, Select,, Rocket Mortgage, Jay Farner, Opcity, Ben Rubenstein, Rocket Homes

United Wholesale Mortgage to go public in largest SPAC deal ever

United Wholesale Mortgage is slated to go public during the fourth quarter of 2020, though a special purpose acquisition company deal with Gores Holdings IV.
Tags: Ipo, Mortgages, Radio, Mergers and Acquisitions, Mortgage, Initial Public Offering, SPAC, Select, News Brief, Gores Holdings, Loan Officers, United Wholesale Mortgage, Mat Ishbia, Loan Origination, Coronavirus, Gores Holdings IV

How to Move to the Country With a USDA Mortgage

This year isn’t what any of us expected, and between coronavirus, lockdowns, social unrest, and natural disasters, many Americans have been inspired to relocate, with an increasing number looking to move away from big cities. While leaving the city may have some hidden costs, if you have the privilege of remote work…Read more...
Tags: Home, Mortgages, Usda, Lifehacks, Home Ownership, Homebuying

How to Decide Between a 15-Year and 30-Year Mortgage

With mortgage interest rates hitting record lows again, you may be thinking about buying a home or refinancing your mortgage. But should you apply for a 15-year mortgage or a 30-year mortgage? Here’s how to decide which option is best for your family.Read more...
Tags: Mortgages, Lifehacks, Home Ownership, Homebuying

4 signs you can afford a second home, according to a financial planner

Ruobing Su/Business Insider Kathy Byrd/Getty Images If you're considering buying a second home, there are four signs you can afford it. Those signs include being on track with your retirement savings and saving for other important goals. Another sign that you can afford a second home is that you don't need to rent out the home in order to afford it. You'll also need to be able to afford the maintenance and any emergency expenses on both of your homes.Sign up for Personal Finance ...
Tags: Personal Finance, Trends, Mortgages, Financial Planning, Buying A House, FHA, Rosen, SJ, Andrew Rosen, Second Homes, Vacation Homes, Edit Series, Liz Knueven, PFI SP, Milestone Moments, Cschwab2020

See How Much Home You Can Afford With the 30/30/3 Rule

If you have been looking for a new home during the pandemic, you aren’t alone. With record-low mortgage interest rates and more people working from home, many folks are considering an upgrade. In fact, existing-home sales jumped by more than 20% in June—and July spiked by 25%, according to a recent National…Read more...
Tags: Personal Finance, Home, Money, Mortgages, Lifehacks, Homebuying

Refinance Your Mortgage Now to Avoid a New Fee

Over the past few months, we’ve written about mortgage refinancing several times—and for good reason: New Freddie Mac data shows 30-year fixed-rate mortgages have dipped below 3% again. These rock-bottom mortgage rates have inspired crowds of folks to consider scoring a cheaper rate on their existing mortgage.Read more...
Tags: Mortgages, Lifehacks, New Freddie Mac

Making sense of the headlines: A look at household debt

Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner takes a deep dive into the latest data on household debt and credit and what it might mean for post-COVID economic recovery.
Tags: Video, Homeownership, Opinion, Debt, Mortgages, Data, Service, Analysis, Radio, Economic recovery, Columns, Data Collection, Households, Federal Reserve Bank of New York, Markets & Economy, Select

Worried Lenders Pounce on Landlords Unable to Pay Their Loans

Some hedge funds and private equity firms that lent money to property owners are now suing them for falling behind on interest payments.
Tags: News, Mortgages, Hotel, Private Equity, Ny, Hedge Funds, Banking and Financial Institutions, Credit and Debt, Foreclosures, Suits and Litigation (Civil, Real Estate (Commercial, Kushner Cos, Coronavirus (2019-nCoV, Mark Hotel (Manhattan

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