Home Prices in August Gets The Biggest Monthly Decline Since 2009-Black Knight Report

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In: Mortgage News

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Home prices are now experiencing their biggest monthly decline since January 2009, according to the latest report from Black Knight’s Mortgage Monitor. Median home prices fell 0.98% in August, slightly better than July’s 1.05% decline.  Nationally, the median home priceContinue Reading

Buyers Can Shop Around And Save In This Volatile Mortgage Market

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In: New Home Mortgage News

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This week, the 30-year mortgage rate rose 40 basis points to an average of 6.70%, the highest since 2007, according to the latest Freddie Mac weekly survey data. The research also shows a wide range of interest rates, so homeContinue Reading

Fannie Mae to Include Rent Payments in Risk Assessments In Their New Program

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In: New Home Mortgage News

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Fannie Mae on Tuesday launched a pilot program to help borrowers in many areas build their credit reports and improve their credit scores. It starts in September. Starting on the 27th, eligible multifamily landlords will be able to share rentContinue Reading

Single-Family Rental Home Companies Are Bringing Value to Local Communities

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In: New Home Mortgage News

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Last updated on September 27th, 2022 at 04:59 amA recent report, ” Stop Subsidizing Wall Street Home buying,” shows that while the idea of a family-owned business is not being reported, the manufacturing industry and -ignores the importance they offerContinue Reading

A Former Assistant Inspector General For HUD was convicted of Forging Data

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In: New Home Mortgage News

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A former assistant secretary of state for Housing and Urban Development (HUD) has accused a federal grand jury of covering up efforts to transfer tens of millions of dollars to government friends and government contractors. According to court documents, EgbalContinue Reading

More Than 55 percent of New Homes Built in the Last Two Years Face Fire Risk

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In: New Home Mortgage News

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A new report from Home Redfin shows that the number of homes built in disaster areas in the United States is on the rise, with more than half (55%) of homes built in the past two years at risk. mediation. Continue Reading

Pinnacle Step-Up Mortgage Launched By Newfi Lending For Non-QM Borrowers

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In: New Home Mortgage News

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Newfi Loans has expanded its presence in non-QM waters. The company launched Pinnacles Step-Up Mortgage, a 30-year fixed mortgage product for non-QMM loans.  Newfi’s new product offers “a monthly payment that starts low and increases by 5% annually until theContinue Reading

Home Affordability Drops To A Record 35-Year Low According To Black Knight Inc

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In: New Home Mortgage News

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With the typical rate for a 30-year fixed mortgage ascending to 5.89% this week, the most significant level starting around 2008, home affordability has tumbled to another 35-year low, Dark Knight Inc. said Thursday. The mortgage innovation and information supplierContinue Reading

Top 3 Best Mortgage Loans Types for Homebuyers

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In: New Home Mortgage News

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Last updated on September 9th, 2022 at 10:53 pmApplying for a home loan can be difficult. Knowing the type of loan that best suits your needs can help you know what kind of home you can afford.  Depending on theContinue Reading

SOME HOMEBUYERS IN DC TO RECEIVE $202K AID FROM DISTRICT

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In: New Home Mortgage News

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The district announced it is expanding financial assistance for low- and middle-income people looking to buy a home. In October, the housing assistance program will provide between $80,000 and $202,000 to eligible families. Mayor Muriel Bowser announced the increased fundingContinue Reading