Mortgages

Industry consolidation has resulted in fewer conventional and government loan programs being offered to consumers.

The top five banks and thrifts have nearly $96 billion in combined home equity loan portfolios as of September 30, 2023.

While several communities offer monetary incentives to attract new residents, some are making overtures with down payment and other types of assistance aimed at building up their local housing markets.

Gravy Technologies offers a consumer-facing app, along with a white-label service for mortgage lenders aimed at accelerating their marketing efforts.

Tracy Kasper's departure follows the November exit of former CEO Bob Goldberg.

December's shift in Federal Reserve policy gave a notable boost to the share of consumer respondents who think the affordability of home financing will improve.

Over one-quarter of consumers said they are open to making misstatements to get a house, while 60% gave an answer besides absolutely not when asked if they would follow advice to put in misleading information.

The warnings come as more than $1 trillion of multifamily debt is due to mature through 2028, potentially leading to increased defaults and losses for banks and bondholders.

Those who establish a history of paying for housing may be able to buy and live in property with rental income, but there are risks to the emerging strategy.

The service offered by Halcyon is aimed at diversifying lender revenue and strengthening relationships with borrowers.

The wholesaler asked the creator of "Rocket Pro TPO vs. UWM" to end all improper use of intellectual property and delete any false and defamatory content.

The number, juxtaposed with a recent survey that suggests companies will hire, raises questions as to whether numbers have bottomed out. Much depends on rates.

Southern Bancorp in Little Rock, Arkansas, plans to put $250 million in equity capital it received from the Treasury Department to good use making mortgages and acquiring banks.

Low refinance volume creates a "relative disadvantage" for Rocket, which historically had a much larger share of that market versus purchase, a note by Bose George, analyst at Keefe, Bruyette & Woods, said.

If convicted, spouses Noreen Khan and Chistopher Mayberry face five years in prison and a fine of up to $250,000 as well as forfeiture of their home.

Consumer delinquencies Vantagescore tracked during November generally were above pre-pandemic levels as shopping season began. Mortgages remained the exception.

But this week the 30-year fixed rate mortgage average increased for the first time in two months.

Manhattan home prices rose for the first time in more than a year, as surging high-end sales propelled the market and lower mortgage rates set the stage for a broader recovery in 2024.

But home financing professionals are still expecting high interest rates, natural disasters and recurring stressors like repurchases to affect their bottom lines in 2024.

The online real estate and mortgage company alleges the defendants are violating the Sherman Antitrust Act by impeding a scheduling platform it owns.