Chase has announced the introduction of New Additions, a discounted home equity loan program aimed at helping families pay the expenses of adopting a child.The program offers an introductory rate discount and provides online and telephone access to lenders. "Adding a child to the family brings great joy, but the costs involved -- fees, travel, time missed at work, and upgrading your home -- can be sobering," said Brad Conner, president of Chase Home Equity. "So we created Chase New Additions, which will help homeowners tap their equity more easily and less expensively." Further information on the program can be found online at http://www.chase.com/newadditions.
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The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
4h ago -
The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
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One in every 37 residential properties nationwide had a loan-to-value ratio of 125% or greater to begin the year, according to a new report.
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There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.
6h ago -
Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
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Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
May 10