Mortgages - Page 2

The Tunnel to Towers Foundation is stepping up in a big way to help fallen firefighter Jason Arno’s loved ones in Buffalo, New York.

The 30-year fixed mortgage rate rose to 6.92 percent on Thursday, higher than at any point during the subprime mortgage crisis of the mid-2000s.

A big jump in multifamily construction boosted starts in August.

Many Americans assumed no-money-down mortgages were a thing of the past after the 2008 financial crisis. But Bank of America has brought them back in a new home loan program for some black and hispanic borrowers.

Rep. Rashida Tlaib (D-MI) kept up to $100,000 in rental income during the coronavirus pandemic despite calling on Congress to cancel rent, according to her most recent financial disclosures. 

The mortgage debt rose 1.9 percent this past quarter as the housing market continues to soar coming out of the pandemic.

Banks just purchase loans that would have been purchased—and eventually are purchased—by government-sponsored enterprises like Fannie Mae and Freddie Mac.

Higher rates and high prices are clobbering demand for mortgages.

Dozens of housing projects across China recently resumed construction after their stalled progress inspired a nationwide boycott in which Chinese homebuyers pledged to halt mortgage payments on pre-purchased, unfinished homes until building continued, China’s state-run Global Times reported on Sunday.

Chinese state regulators vowed to help local governments complete unfinished property projects on Thursday after 100-plus delayed housing projects nationwide reported mortgage defaults in recent days, the state-run Global Times reported.

Longer-term Treasury yields fell last week on recession feaers, dragging down mortgage rates.

Home builders slammed on the brakes in May as interest rates and inflation soared.

Higher borrowing costs are pushing buyers out of the market.

Supply chain disruptions, high costs of materials, and rising interest rates are weighing down home builder confidence.

The median price of a new home was $423,300 in January, a seven percent from $395,500 the previous month, reflecting the Bidenflation hitting construction materials.

Fannie Mae’s survey found that the optimism of younger Americans declined in January.

Fed officials are not just divided over when to taper. They also disagree about how to reduce their bond purchases.

The Tunnel to Towers Foundation is going to pay off the mortgage on the home belonging to New York Police Department (NYPD) Officer Anastasios Tsakos.

A huge surge in homebuying is feeding demand for purchase mortgages.

Demand for homes outside of major city centers has exploded higher this summer.

Buying a home is hard to do in ‘stay at home’ America. Refinancing applications, however, soared on lower interest rates.

New York Gov. Andrew Cuomo (D) confirmed a 90-day waiver for all mortgage payments on Thursday due to the “tremendous economic pressure” of the novel coronavirus pandemic.

Tammy Nemec and her 80 rescue cats were on the brink of homelessness when their lease ran out at their former rental home. Then the community and a Good Samaritan stepped in and turned things around.

Student loan debt in the U.S. stands at $1.7 trillion, with the average obligation at more than $29,000, and many aren’t keeping up.

Construction spending in November rose by twice as much as expected and prior months were revised upward.

Homebuilder confidence unexpectedly jumped higher in December, htting the highest level since 1999.

A Massachusetts widow received more than $126,000 in donations to help pay off her mortgage after she fell behind her mortgage payments following her husband’s death.

The Trump administration is seeking to overturn a Fifth Circuit decision that was the first significant shareholder legal victory.

Fannie and Freddie investors assumed that the end of conservatorship would result in a windfall. That might be a costly error.

New home sales were much better than expected in August, putting the year on pace to be the best since 2007.

Under an appeals courts ruling, the head of the FHFA could be replaced at will by the U.S. president.

Capital asset depreciation and mortgage interest deduction explain the Trump tax story better than the New York Times narrative of failure.

At the end of 2018, young Americans age 19 to 29 faced $1 trillion in debt, mostly for student loans, according to the Federal Reserve.

Renewed confidence among home builders hints at a recovery in one of the markets that slumped most in 2018.

The GOP Senator wants to return Fannie and Freddie to the private market but also cap their market share and introduce competition in the mortgage guarantee business.

New-home sales ran at a seasonally adjusted annual 657,000 rate in November, the best rate in eight months.