HousingWireHousingWire Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study. A survey from mortgage technology firm Cloudvirga, conducted in September, gathered…
Continue reading →HousingWireHousingWire Retirement benefits for recipients of the U.S. Social Security program must be scaled back by 2033 if there is to be any chance of sustaining full retirement benefit payouts, but a consistent lack of attention by both chambers of Congress could necessitate a benefit cut if inaction persists over…
Continue reading →HousingWireHousingWire According to ATTOM’s third quarter 2024 Home Equity and Underwater Report, 48.3% of mortgaged residential properties in the U.S. are considered equity rich. In the first quarter of 2024, homeowners across the U.S. saw a remarkable surge in their equity, gaining an impressive $28,000 on average. According to CoreLogic,…
Continue reading →HousingWireHousingWire The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund announced on Wednesday that it has awarded 48 organizations a total of $246.4 million to develop affordable housing and community facilities. The funding is expected to result in some 26,400 new housing units, which will primarily serve…
Continue reading →HousingWireHousingWireUWM has debuted a new cash-out refi product without mortgage insurance. Is the juice worth the squeeze? United Wholesale Mortgage (UWM) has the mortgage industry abuzz over its latest product, a higher-risk, cash-out refinance that it might not be able to sell to Fannie Mae and Freddie Mac. On Wednesday,…
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