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Mortgage underwriting algorithm at heart of Wells Fargo’s racial disparity lawsuit
HousingWire via Yahoo Finance· 1 day agoWells Fargo's internal credit-scoring algorithm is at the heart of a lawsuit that plaintiffs say...
What is a cash-in refinance, and how does it work?
Yahoo Personal Finance· 2 days agoWith a cash-in refinance, you make a large lump-sum payment, so your new mortgage has a lower principal. Learn whether a cash-in refinance is a good fit...
Vornado's (VNO) Retail JV Boosts Strength With $400M Refinancing
Zacks via Yahoo Finance· 3 days agoThe loan carried interest of Secured Overnight Financing Rate (“SOFR”) plus 1.11% and was set to...
Questions to ask a mortgage lender
Bankrate via AOL· 4 days agoThere are soft and hard prepayment penalties. Here’s how they compare: Soft prepayment penalties let you sell your house without paying a fee. But if you...
They bought homes with the intention to refinance. Now they’re stuck
Sun-Sentinel· 6 days agoSteven and Katherine Wolf missed out on the ultra-low mortgage rates of the pandemic. Steven Wolf...
Why you should buy a house by the age of 30
Rolling Out· 2 hours agoBuying a house is a significant milestone in many people’s lives, and doing so by the age of 30 can offer numerous advantages. From financial stability...
Home equity is near a record high. Tapping it may be tricky due to high interest rate
NBC Universal via AOL· 4 days agoThey might refinance for a $400,000 mortgage and receive the $100,000 difference as cash. Of course,...
The housing market’s pivotal spring selling season is coming to an end—not with a bang, but with a...
Fortune· 4 days agoAs the season winds down, mortgage applications, pending home sales, existing home sales, and listings for the last few months have all generally reflected that sentiment.
New rental developments are changing the American Dream of suburban homeownership
Los Angeles Times· 1 day agoChelsey and Spencer Marks’ home in Cathedral City was becoming more trouble than it was worth. “I...
The Federal Reserve holds interest rates steady — here's what that means for your money
CNBC· 2 days agoThe Federal Reserve announced Wednesday that it will leave interest rates unchanged. Fresh inflation...
