The unveiling of the Fannie Mae loan program for multifamily properties in November, which requires only a 5% down payment, was met with widespread commendation. We delve into a venture under this fresh initiative to evaluate its actual merits for the investment community.
In the coming month, the United States Supreme Court is set to make a determinative ruling on whether federal legislation takes precedence over state regulation in issues relating to interest payments on mortgage escrow accounts.
A well-known history scholar from Rhode Island is turning to the financial solution of a private reverse mortgage to deal with monetary concerns resulting from ongoing forward mortgages.
Today, the mortgage operations at leading financial institutions like Wells Fargo, JPMorgan Chase, and Bank of America are considerably smaller than their stature in 2022. The size of these mortgage divisions is now only a tiny proportion of their previous magnitude.
Guaranteed Rate has launched an innovative feature that permits vendors collaborating with a G-Rate loan officer the ability to pay a charge that secures a perpetually reduced mortgage rate for a prospective buyer.
This week saw a slight increase in mortgage rates, corresponding with the 10-year Treasury yield climbing back over the 4% mark.
Radian Group has made the strategic decision to invest in FinLocker, a move that will foster a seamless integration of technology across the platforms of Homegnius and FinLocker. This initiative does not involve any reference to the original source.
TransUnion has introduced a novel portfolio management tool, aimed at aiding lenders in evaluating the potential risks of a portfolio, taking into consideration the property’s value.
The prominent reverse mortgage provider in Canada, HomeEquity Bank, has employed a well-known ex-national news presenter for its latest promotional content.
The reverse mortgage division of University Bank has recently expanded its team by incorporating four new members. The fresh additions to the department include a regional manager, some loan officers, and an account executive.