Cash-strapped buyers turn to crowdfunding to raise a down payment



A growing number of aspiring homeowners are turning to crowdfunding platforms as a way of raising funds to cover their down payments. Crowdfunding platforms such as HomeFundMe and Feather the Nest have recently emerged, catering specifically for the home down payment market, Realtor.com reports. The idea is that wannabe homeowners can use the platforms to […]

Subprime loans are making a comeback under a new name



The subprime mortgage that were said to be responsible for the last housing crisis are making a comeback – but this time they’re being called “nonprime” loans

Home equity available to borrowers hits all-time high



Rising home values mean that homeowners are getting richer. Now, the amount of equity available to homeowners is at an all-time high, according to mortgage industry solution provider Black Knight Financial Services.

Here’s why loan officers should attend closings



Buyers should consider requesting that a loan officer is present on closing day if they want to be more satisfied with their deal, according to a new survey.

Lenders are easing standards, making it easier to obtain a mortgage



Government-backed mortgage services Fannie Mae says that lenders are easing their standards for consumers to qualify for a mortgage.

5 reasons why homeownership rates in the U.S. remain so low



Although local job markets are improving and borrowers can enjoy historically low mortgage rates, the U.S. homeownership rate remains stuck near a 50-year low because of a perverse mix of affordability challenges, student loan debt, tight credit conditions and housing supply shortages. Those are the findings of a new white paper titled, “Hurdles to Homeownership: […]

Fannie Mae to ease mortgage requirements from next month



Fannie Mae, the government sponsored financing organization, has said it plans to ease its credit requirements from next month.

JP Morgan Agrees to Settle Mortgage Discrimination Lawsuit



According to an article in Reuters, JP Morgan Chase & Co has agreed a $55 million settlement for a US Justice Department lawsuit. This lawsuit accused the company of discriminating against minority borrowers, allowing mortgage brokers to charge

HELOC borrowers could soon find their payments increase



Homeowners who have home equity lines of credit, called HELOCs, could be in for a nasty shock when their monthly payments increase suddenly.

United Wholesale Mortgage rolls out interest-only financing



United Wholesale Mortgage just rolled out a new product that it hopes will prove attractive to a large segment of borrowers

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