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Home equity growth hits the brakes - National Mortgage News
2024年12月6日 · Over the past year, U.S. homeowners saw property values jump up by a cumulative $425 billion, with total net homeowner equity rising to over $17.5 trillion, the company's newest homeowner equity report said. The average amount of equity growth was $5,700 in the third quarter, shrinking significantly from gains of $25,400 three months earlier.
Mortgage default levels are providing a warning sign
2024年11月22日 · October's total delinquency rate — loans 30 days or more late but not yet in foreclosure — was 3.45%, the First Look report found. While that was down by 0.79% from September, the year-over-year change of 5.95% represents five …
Best Mortgage Companies to Work For 2024
2024年3月4日 · Headquarters: Tucson, Arizona Number of employees: 154 Website: theloanstore.com The 11-year-old company last spring purchased Home Point's wholesale business and is helmed by Home Point's former president of originations, Phil Shoemaker. The Loan Store offers a traditional suite of loan products, home equity line …
Mortgage delinquencies rise but foreclosures lag - National …
2024年10月23日 · The total delinquency rate, defined as loans 30 days or more late on payment but not yet in foreclosure, was 3.48% in September. That was an increase of 4.3% compared to August's 334 basis point rate and up by 5.74% compared with September 2023's rate of 329 basis points.. This data follows the Mortgage Bankers Association's recent report that performance on loans that had been in forbearance ...
Movement Mortgage hires new president, CFO
2024年11月14日 · Movement's new C-suite executive has three decades of leadership experience in the mortgage industry, previously holding senior positions at Stearns Lending, Caliber Home Loans, Bank of America and Countrywide.
FHA looking at rental income underwriting change
2024年11月20日 · A new draft mortgagee letter was issued for feedback on Nov. 20, with responses accepted until Dec. 10. Last week, the Department of Housing and Urban Development released its annual report that noted the Mortgage Mutual Insurance Fund's capital ratio grew to 11.47%, renewing calls from the lending industry and affordable housing advocates to increase flexibility by ending the life-of-loan ...
FHFA announces updates to appraisal, repurchase rules
2024年10月28日 · Citing success it had seen in current initiatives, the agency said it would change rules governing purchase loans insured by government-sponsored enterprises Fannie Mae and Freddie Mac. Maximum loan-to-value ratio eligible for full appraisal waivers will grow from 80% to 90%.
CFPB shutters Majestic Home Loan for misleading VA marketing …
2023年2月27日 · All in all, the CFPB estimates that "millions of advertisements" have been distributed by the lender using the names and logos of the VA and the FHA in a way that falsely implied that the advertisements were sent by the VA or FHA, or that the company or the advertised mortgage products were endorsed or sponsored by the VA or FHA.
Real estate investors pull back on home buying in Q3
2024年11月22日 · Real estate investors bought 2.4% fewer homes in the third quarter than during the same period in 2023, according to Redfin. This drop occurred even though interest rates were higher at that time than they are now.. Part of the scaleback stems from the fact that reselling properties is becoming less profitable, and buying rental properties is less attractive due to an oversupply of leased ...