First-time homebuyers who rely on government mortgage programs are “increasingly challenged” by rapid increases in home prices and higher mortgage rates. Source: Inman News
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Demand for purchase loans remains steady, but rising rates are closing the door on refinancing opportunities, according to the Mortgage Bankers Association’s Weekly Mortgage Applications…
Government agencies are looking to better quantify risks from climate change, a step with implications for government-backed home loans. Source: Inman News
Rising mortgage rates have curbed demand for refinancing and purchase loans after inflation worries pushed rates to highest levels since July. Source: Inman News
FHA and VA loans are essential to first-time buyers, who account for about four out of every five FHA purchase loans. However, in today’s market,…
Mortgage lenders are more likely to turn down homebuyers of color than white applicants with similar attributes, and algorithms are likely to blame, according to…
Lenders can use borrower’s actual monthly student loan payment when calculating their overall debt burden. Source: Inman News
At 4.5 percent, the mortgage forbearance rate is 18 times higher than before the pandemic, but much improved from a high of 8.55 percent in…
After throwing in the towel on a $2.7 billion merger, Genworth considering spinning off its mortgage insurance division. Source: Inman News
Analysts say unemployment will continue to be an ongoing issue even as the pandemic subsides. Source: Inman News