American Express has announced a new program enabling members to make monthly home mortgage payments on the American Express card.American Home Mortgage Corp. will be the first lender to offer the Express Rewards Mortgage program for eligible prime loans, AmEx said. Cardmembers with qualifying loans with American Home will pay a one-time fee of $395 to the lender for enrollment in the program at closing. American Express said its research had indicated that members "overwhelmingly cited" monthly mortgage payments as "an ideal opportunity" to use the American Express card. The company can be found online at http://www.americanexpress.com.
-
DSCR loans once allowed coverage ratios as low as 0.65, but 2023-24 vintage stress is pushing lenders toward stricter underwriting and interest-only structures.
2h ago -
The Federal Deposit Insurance Corp. issued proposals Thursday that would reduce planning requirements for big banks and slash deposit insurance prices, citing the financial health of the Deposit Insurance Fund.
June 25 -
Christopher Phelan, President Donald Trump's nominee to chair the Council of Economic Advisers, declined to directly answer questions about recent inflation data and the effects of tariffs on consumers during a Senate confirmation hearing Thursday.
June 25 -
Median purchase loan payments hit $2,198 in May, up 2.1% from April, as rising rates and home prices threaten to dampen origination volume, MBA reports.
June 25 -
Experts aren't forecasting immediate relief and instead are citing silver linings in rate certainty and greater mortgage demand as compared to the same time last year.
June 25 -
Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday morning that the central bank recently finalized a new organizational structure for its supervision and regulation division.
June 25










