Hodge extends professional mortgage range eligibility – Mortgage Finance Gazette

Hodge says it has loosened the criteria of its interest-only professional mortgage range, which it offers to those with complex incomes, professional traineeships — or are in self-employment, such as barristers, dentists and doctors.   The lender says it will consider up to six times loan-to-income deals and up to 75% loan-to-value on interest-only products, […]

New study reveals the rise of home loan hostages

Three quarters of Australian borrowers are now at risk of becoming home loan hostages due to their lifestyle and financial decisions, new research from mozo.com.au has found. “Home loan customers might be unaware that when they go to refinance their home loan with a new lender, they are assessed as though they are a new […]

BAILOUT: FHA APPROVES 40 YEAR MORTGAGE (Housing Market Update)

FHA approves restructure of existing home loans in default, extending mortgage terms to 40 years, allowing mortgagees to further reduce monthly payments. This and more in our housing market update. #housingmarketcrash #realestatenews #mortgagenews Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor. Any .rmation provided in this […]

LoanDepot cut more than half of its employees in 2022

LoanDepot shed more than half of its employees in 2022, an earnings report filed with the Securities and Exchange Commission Thursday revealed. Rocket Mortgage and United Wholesale Mortgage took similar measures in reaction to market volatility and low origination volume last year. The Foothill Ranch, California-based megalender let 6,113 employees go, trimming its headcount from […]

Homebuilder confidence rises in March as demand improves

Construction workers work on a home, as a subdivision of home is built in San Marcos, California, January 31, 2023. Mike Blake | Reuters Mortgage rates are high and volatile, homes are still pricey, and inflation is not in check, but, even so, the nation’s homebuilders are starting to feel better about their business. A […]

Is NOW Still A Good Time To Buy A House?

Is NOW Still A Good Time To Buy A House? Subscribe and never miss a new highlight from The Ramsey Show: Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Take our FREE 3 minute assessment: Did you miss the latest Ramsey Show episode? Don’t worry—we’ve […]

FHA Loans: Flexible Options for First-Time Homebuyers with MortgageDepot

As a mortgage broker, we understand that buying a home can be a challenging process, especially if you’re a first-time homebuyer. That’s why we’re dedicated to helping our clients obtain the best loan options available. One of the programs we offer is FHA loans. FHA loans are a popular choice among homebuyers, particularly those who […]

Fed Predicts Huge Recession Coming (Housing Market Update)

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Which four US cities have the dimmest housing forecasts?

“Austin just became overbuilt really fast,” he said of the capital city of Texas. “From 2009 or 2010 to 2015, Austin doubled in population and continued to grow beyond that. Residential developers and landlords are trying to keep up with the demand, and may have overshot themselves. Right now in Austin, renting is a […]