Featured News, Residential, US Real Estate

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

By Mike Wheatley | June 13, 2017
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: […]
Featured News, Mortgage, US Real Estate

Fannie Mae to ease mortgage requirements from next month

By Mike Wheatley | June 8, 2017
Fannie Mae, the government sponsored financing organization, has said it plans to ease its credit requirements from next month.
US Real Estate

JP Morgan Agrees to Settle Mortgage Discrimination Lawsuit

By Allison Halliday | January 18, 2017
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
Mortgage

HELOC borrowers could soon find their payments increase

By Mike Wheatley | December 9, 2016
Homeowners who have home equity lines of credit, called HELOCs, could be in for a nasty shock when their monthly payments increase suddenly.
Mortgage, US Real Estate

United Wholesale Mortgage rolls out interest-only financing

By Mike Wheatley | July 22, 2015
United Wholesale Mortgage just rolled out a new product that it hopes will prove attractive to a large segment of borrowers
Mortgage, US Real Estate

Lenders cry foul over borrower's "white lies"

By Mike Wheatley | June 15, 2015
Borrowers who aren't as forthcoming on their loan applications on certain items – such as occupancy status – may feel like it’s harmless, but lenders say such "white lies" constitute fraud.
Mortgage, US Real Estate

$5K Extra Reward on Offer for HAMP Borrowers

By Mike Wheatley | December 8, 2014
The government is throwing in more incentives to keep borrowers who modify their loans through the Home Affordable Modification Program current on their mortgages.
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