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‘Not HELOC. Not piggyback.’ Freddie Mac exec defends new product proposal amid resistance -...
HousingWire· 35 minutes ago“What we are bringing forward, called closed-end second lien, assuming a FHFA approval, will provide them an alternative to the cash-out refi,“ he said. Mittal spoke to HousingWire on Tuesday ...
First-time homebuyers aren't buying until mortgage rates drop. It could be a long wait.
USA TODAY via Yahoo Finance· 1 day agoUntil recently, people in that age group hadn’t seen a 7% interest rate on a conventional mortgage...
Are reverse mortgages for purchase a ‘sleeping giant?’ Pros are split - HousingWire
HousingWire· 1 day agoH4P...sponsored by the federal government. In October, FHA announced a series of new H4P program...
Mortgage rates fall for a second straight week
Consumer Affairs· 6 days agoHome affordability might have slightly improved this week. Freddie Mac reports mortgage rates appear to have reversed course, at least for now. “
New-Home Construction Rebounds in April Despite Higher Mortgage Rates
San Francisco Chronicle· 4 days agoConstruction of new homes ticked up last month despite higher mortgage rates, partly reversing a...
HECM study examines borrower trends over two decades - HousingWire
HousingWire· 60 minutes agoThe study, released late last year, examined three core elements of HECM program effectiveness...
Why equity-tapping challenges may make reverse mortgages ‘inevitable’ - HousingWire
HousingWire· 2 days agoOlder homeowners may contemplate the traditional methods, but depending on the person, they may be...
3 ways to borrow $10,000 of home equity (and 2 ways to avoid) right now
CBS News· 5 hours agoIn today's high interest rate environment, credit cards, personal loans and standard lines of credit...
Is the housing market going to crash? What the experts are saying
Bankrate via AOL· 4 days agoOne obvious difference between now and then is that homeowners’ personal balance sheets are much...
How industry forecasters see 2024 shaping up
HousingWire via Yahoo Finance· 1 day agoEconomists at Bank of America and the Mortgage Bankers Association have new forecasts for this year and next. We look at mortgage rates, origination...