JPMorgan Chase plans to hire 300 local mortgage officers in the next six months in the New York Tri-state metropolitan area. The new loan officers will serve customers through bank branches in New York, New Jersey and Connecticut, bringing the total number of loan officers in the area to about 700. Chase is holding open house recruiting events on April 20th in Melville, N.Y., Purchase, N.Y., and Iselin, N.J.; on April 21st in Brooklyn and on April 29th in Manhattan.
A new deal makes Wells Fargo the preferred lender of homes built by 3D-technology firm Icon, with the bank offering a 50 basis point discount to borrowers.
Housing advocates and compliance firms are suing to block a rule from the Consumer Financial Protection Bureau that they say guts the Equal Credit Opportunity Act.
June could be the true test for delinquencies and how many distressed borrowers impacted by a shift in Federal Housing Administration rules will reperform.
The Federal Reserve Board governor is the latest Fed official to embrace the prospect of tighter monetary policy in response to rapidly rising prices that have taken hold in recent years.
All-cash home purchases hit a six-year March low of 28.9%, as a buyer-friendly market reduced the need to use cash to stand out, with sellers outnumbering buyers by a record-near margin, Redfin found.
Property taxes are up 30% since 2019, driven by pandemic-era home value gains. Mortgage borrowers pay more than those without a loan, and experts say relief is unlikely anytime soon.
