Homebuyers express willingness to consider extended mortgage terms.
A recent survey highlights that 73% of prospective borrowers are open to longer loan terms for reduced monthly payments, indicating shifting borrowing preferences.
Mortgage Rates Decline, Yet Homebuyers Encounter Additional Challenges
Prospective homebuyers, from Gen Z to investors, face similar challenges in today’s market as they navigate their purchasing decisions amidst changing conditions.
Illinois Realtors’ Leaders Address Market Challenges and Growth Prospects
Join Tracey Velt as she engages with Illinois Realtors' president Tommy Choi and CEO Jeff Baker to explore industry challenges, opportunities, and education.
CFPB May Be Stalled, But RESPA Remains Relevant in the Industry
Regulatory experts analyze Russell Vought's move to cut CFPB funding, exploring its implications for RESPA enforcement and UDAAP compliance among private lenders.
Union Legal Action Against Russell Vought Over CFPB and DOGE Data Issues
A union is suing the OMB head for actions taken as acting CFPB director, raising concerns about oversight and regulatory impact on federal agency operations.
Fifteen percent of California homebuyers can afford a median-priced home.
Only 15% of California homebuyers could meet the income threshold for a median-priced home, highlighting affordability challenges in the market.
Newsom Supports Legislation on Homeowners Receiving Insurance Interest Earnings
Discover the latest initiative supporting homeowners in disaster recovery by ensuring they receive interest on insurance payouts, enhancing financial resilience.
Overview of CFPB Changes During the Trump Administration
Explore the impact of President Trump's administration on the CFPB, detailing significant changes and developments that affect private lenders and the mortgage industry.
Insurance Exodus Leaves Numerous Properties Vulnerable to LA Fires
State Farm's decision to drop 9,500 policies in wildfire-affected neighborhoods raises concerns for private lenders about risk assessment and market stability.
Crye-Leike seeks NAR settlement coverage, but rankings data contradicts it.
Explore the implications of the NAR settlement for private lenders, focusing on how it protects real estate brokerages with sales under $2 billion.