HousingWireHousingWire Housing markets across the country have stalled due to elevated mortgage rates and limited for-sale inventory, but some counties are at risk of a more dramatic downturn. That’s according to a report released Thursday by Attom, which concluded that areas around New York City, Chicago and inland California are…
Continue reading →HousingWireHousingWire With elevated levels of home equity across the U.S., mortgage lenders are making home equity lending more accessible to reach more borrowers. Nearly all of the companies analyzed that provide home equity lending have a digital application process, while about half incorporate a soft credit pull before they fully…
Continue reading →HousingWireHousingWire The Federal Housing Administration (FHA) on Wednesday published Mortgagee Letter (ML) 2024-18, which implements updates to debenture interest rates and reimbursements for Home Equity Conversion Mortgage (HECM) program claims proposed in July. The ML goes into effect on Sept. 28. Debenture interest refers to the percentage of a return…
Continue reading →Salem man sentenced to two years in prison for harassment of NHPR journalists A Salem, New Hampshire man was sentenced to more than two years in prison, and three years of supervised release, for his role in a conspiracy to stalk two New Hampshire Public Radio journalists, according to the…
Continue reading →HousingWireHousingWire Guild Mortgage announced on Wednesday the introduction of a new product line called the “Flex Payment Mortgage,” which includes Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgages (HECMs), refinances, proprietary jumbo options and HECM for Purchase (H4P) loans. “Guild’s Flex Payment Mortgage is a suite of products combining federally-insured…
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