The Louisville, Ky., metropolitan area has launched a local version of Freddie Mac's "Don't Borrow Trouble" campaign to help families avoid falling prey to scams and other unscrupulous lending practices.The campaign, headed by the Don't Borrow Trouble Louisville Metro Coalition, uses advertising and consumer education to alert the public about predatory lending, Freddie Mac said. Local residents can now call a hotline, at 502-736-9999, that will refer them for appropriate counseling on legal or housing questions. The lead agencies coordinating the campaign with Freddie Mac are The Housing Partnership and the Louisville Urban League. Freddie Mac began launching local "Don't Borrow Trouble" efforts in 2000. Freddie Mac can be found online at http://www.freddiemac.com.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28