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Mortgage
Average U.S. homeowner lost $5,400 from 1Q22 to 1Q23, but they now have $274,000 in equity which is up from $182,000 pre-pandemic.
High rates brought home prices down a little, but low inventory will prevent a huge drop. So what should buyers do now?
Matt Graham at Mortgage News Daily quickly explains why mortgage rates are basically at 7% again.
With Rocket's new ONE+ down-payment program, qualifying homebuyers pay 1% and Rocket covers remaining 2%.
U.S. debt default unlikely but Zillow scenarios show housing shock if it does happen. Here are charts from Zillow economics team.
After buying $84b in Homepoint servicing, Mr. Cooper will have 4.4m customers and a $937b servicing portfolio, making it top-ranked.
Greg and Tom’s latest round of layoffs on ’Succession’ looks a lot like Better mortgage CEO Vishal Garg laying off hundreds via Zoom.
After May Fed meeting, DoubleLine CEO Jeff Gundlach told CNBC he sees 4% CPI by year-end, a bond market that implies lower mortgage rates, and high recession odds. Here's a recap.
WSJ wrongly claims rates rise by 3x more than they actually do with new May 1 Federal mortgage fee changes. Here's why they got it wrong. And more important, here's the only source borrowers can trust on this topic.
First Republic jumbo mortgage dominance won't be replaced by other regional banks short term. Here are the banks that might step in now.
The MBA is right that adding fees to mortgage loans based on a debt-to-income ratio of 40% or greater is the wrong approach by FHFA. Here's a rundown.
Existing home sales down 13 of 14 months, and home prices now $375,700 for 87% of inventory. Is this affordable? Here's the math.
71% of homebuyers who plan to finance their purchase say they are not willing to accept a mortgage rate above 5.5%
Why aren't housing prices crashing? Will we ever see affordable housing prices again? Ben Carlson at Ritholtz Wealth answers.
