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They bought homes with the intention to refinance. Now they’re stuck
Detroit News· 2 days agoSteven and Katherine Wolf missed out on the ultra-low mortgage rates of the pandemic. Steven Wolf...
FSOC Issues Report on Nonbank Mortgage Servicing Highlighting Strengths, Vulnerabilities and...
JD Supra· 2 days agoIn May 2024, the Financial Stability Oversight Council (FSOC or Council) issued a Report on Nonbank Mortgage Servicing (the Report). The Report recognizes the strengths of ...
Which Generation Has the Most Debt? It’s Not Millennials
The State· 4 days agoGeneration X, perhaps best known for being overlooked, stands out from the pack in one unfortunate way: debt. By most measurements, Gen X is deeper in debt than other generation. Members of ...
Zero percent down mortgages might help more first-time homebuyers break into the housing market—but...
Fortune via Yahoo Finance· 3 days agoUnited Wholesale Mortgage announced a 0% down program last month, and since then it’s been all the...
Personal loan alternatives for bad-credit borrowers
Bankrate via AOL· 6 days agoYou also can’t borrow over $50,000 or 50 percent of your vested account balance. 8. Consider a cash-out refinance on your home A cash-out refinance...
CFPB Expands ‘Junk Fee’ Crackdown to Mortgage Closing Costs | JD Supra
JD Supra· 3 days agoFollowing a recent call for consumer input, the Consumer Financial Protection Bureau (CFPB) announced it will launch a formal public inquiry into so-called “junk fees” that the Bureau claims ...
Economic Data Paint a Picture of Two Americas
The Wall Street Journal· 20 hours agoJoin the conversation below. Stepping back, this makes a certain amount of sense. The upper cohort in the U.S. mostly own their homes, and the lion’s...
Nonbank Hometown Lenders files for bankruptcy
HousingWire via Yahoo Finance· 4 days agoIndependent mortgage banker Hometown Lenders has filed for Chapter 11 bankruptcy protection in Alabama, blaming the Federal Reserve's policy to curb...
Attempted Graceland sale exposes title, mortgage fraud tactics - HousingWire
HousingWire· 4 days agoThe Graceland incident, however, highlights some common tricks that scammers may try to pull on...
Should you use your home to pay medical bills?
Bankrate via Yahoo Finance· 5 days agoAll covered expenses should be paid for by your provider. Keep an eye out for balanced billing: That’s when a hospital or provider tries to charge you...