CFPB Considers Changes to Reverse Mortgage Disclosures Amid Cost Concerns
Federal regulators are reassessing reverse mortgage disclosures, and while the review is seen as necessary, legal experts caution against potential costs of changes.
Gershman Mortgage and Truss Financial Group Introduce Distinct HELOC Products
Gershman has introduced a 5-day HELOC up to $750,000, while Truss offers a DSCR HELOC for investors with limits of up to $1 million, enhancing options.
Mortgage Rates Stabilize Around 6.85% Before Upcoming Fed Meeting
Mortgage rates remain elevated in the upper 6% range, influenced by rising Treasury yields amid concerns over oil-driven inflation and geopolitical stability.
Rising Student Loan Defaults Could Impact Sun Belt Housing Demand
Student loan delinquencies are rising as pandemic policies end, leading to lower credit scores. This trend may impact prospective borrowers' loan eligibility.
Report Indicates Starter Home Market Has Decreased by 300,000 Units
Explore the shifting landscape of starter homes with insights from Realtor.com's economist, detailing a significant decline of 300,000 homes since 2019.
The Influence of Zillow Agent Rankings on AI Recommendations
Zillow's directory rankings favor user engagement, raising concerns that AI referrals might similarly reflect pay-influenced signals in private lending.
Advocacy Is Leadership, Not Just Background Noise.
Explore the proposed $100 million Southern California Rebuild Fund, designed to address wildfire rebuild financing gaps through stakeholder collaboration and input.
loanDepot seeks dismissal of West Capital Lending complaint in court
loanDepot argues that WCL lacks standing under TILA and demonstrates no lost customers, requesting dismissal with prejudice in federal court in California.
Pending Home Sales Saw a Significant Decline in June
Pending home sales have experienced a month-over-month decline across all major regions, signaling potential shifts in the housing market dynamics.
Study Finds Minimum Wage Jobs Insufficient to Cover 1-Bedroom Apartment Rent
In major U.S. metros, four minimum wage workers often need to share a one-bedroom apartment to meet the 30% rent affordability guideline.