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 […]
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Default notices, scheduled auctions and bank repossessions collectively rose in the past year meeting servicer expectations to a degree, but they’re still historically low, according to Attom. Collectively, these foreclosure filings totaled 324,237 in 2022, up 115% from a year earlier but still 34% below the level seen in 2019, a report from the data […]
National Mortgage News readers were all too aware of the ominous signs for home financing as the Federal Reserve’s inflation-busting measures put the refi boom to an end. As lenders and servicers, tech providers and others in the ecosystem changed tack, we tracked their every move — and so did you. Here are the most-read […]
Next year will see a more brisk return to the office – just not in the traditional way, said Richard Barkham, global chief economist, head of global research & head of Americas research, for CBRE. “We expect hybrid working or the combination of in office and remote working to dominate. And maybe that’s what we’re […]
This marks 29.5% growth on the previous year and is 6% higher than was lent out in 2019. Conversely, the firm says that lending for home purchases will fall by 9.1% on the year, to £193.9bn. “Previously, it was new homebuyers driving market performance, with those already on the ladder having very little reason to […]
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Freddie Mac to include bank account data as part of underwriting By DDA Mortgage • 19 Oct, 2022 • Freddie Mac today announced it will include a review of borrowers’ bank account data to identify a history of positive monthly cash-flow activity as part of its loan purchase eligibility assessments, according to a release shared […]
The Federal Housing Finance Agency’s performance report for the coming fiscal year calls for it to render decisions related to the completeness of the government-sponsored enterprises’ resolution plans by mid-summer, among other things. Another notable aspect of the report, which follows through on some aspects of the four-year strategic plan issued earlier this year, indicates […]
Three in five Australians have been a victim of a scam, or know someone who has, with men more likely to have experienced a scam and suffered a loss (41% to 30%), according to new research by the Commonwealth Bank of Australia. The CBA study, which looked at Australians’ attitudes towards scams and how scams […]