Have you wondered why the mortgage and banking industry are in their current shape of disarray? Did you ever wonder how some people managed to get something for nothing and Read more
Tag: mortgage
Mortgage Brokers: Basics That You Should Know
The term mortgage broker refers to a company or person that can make arrangement for a mortgage between two entities. These entities are usually a lender and a borrower. The Read more
Are Greedy Mortgage Brokers Responsible for the Foreclosure Crisis?
There have been a growing number of stories in the news about homeowners suing their former mortgage brokers over the loan that they were given. Lawyers, as usual, are seeking Read more
Independent Mortgage Broker Tips – How to Choose Reputable Independent Mortgage Brokers
Ok, so your money may be a little tight like most of us. You may look at your options and sift through several house refinance offers you receive in the Read more
Marketing Basics for Mortgage Brokers
Back in the good old days, before the housing bubble burst, being a mortgage broker or loan officer was like having a license to print money. After all, interest rates Read more
Wells Fargo, once a mortgage giant, shrinks home-lending business
Wells Fargo said late Tuesday it was shrinking its home-mortgage business, aiming to serve its own bank customers as well as people in “minority communities.” Wells Fargo WFC, -0.07% also Read more
Mortgage demand falls in December to the lowest level since 1996
The numbers: Mortgage applications fell by 13.2% to close off the last two weeks of 2022. Mortgage applications are now at the lowest level in 27 years. The real-estate market Read more
U.S. pending home sales fall 4% in November to the lowest level since April 2020
The numbers: U.S. pending-home sales fell 4% in November, which is the sixth straight monthly drop, according to the index released Wednesday by the National Association of Realtors (NAR). The Read more
Home price growth falls in October, as market feels effect of high mortgage rates
The numbers: The S&P CoreLogic Case-Shiller 20-city house price index rise fell 0.5% in October, its fourth monthly decline. Year-over-year appreciation rose 8.6%, slowing from 10.4% in the previous month. Read more
Builder sentiment fell every single month in 2022. Builders say there’s a silver lining.
The numbers: The National Association of Home Builders’ monthly confidence index fell two points to 31 in December, the trade group said on Monday. It’s the 12th month in a Read more