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Average long-term US mortgage rate declines to levels last seen in early February

Average long-term US mortgage rate declines to levels last seen in early February

LOS ANGELES (AP) — Home loan borrowing costs fell for the second week in a row, pulling the average long-term U.S. mortgage rate to its lowest level since early February — good news for prospective home shoppers as the spring homebuying season gets underway.

The average rate on a 30-year mortgage dropped to 6.74% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.60%.

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell this week, pulling the average rate down to 6.16% from 6.22% last week. A year ago it averaged 5.90%, Freddie Mac said.

 

To continue reading the rest of the article, please click on the source link below:

https://au.news.yahoo.com/average-long-term-us-mortgage-161808065.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAKyJJ5Kfp3rqY9-cfJQ2c6DVTaqk9RYHFwWiZF5ToItuRKI9YWU3WtGhuNp8kYyp8n-BtXdRpZtoNADM2vU7bTpqf189zYPjPDipnRtX3ukWmWxSDBuI8GvdeJOukb7wcuO7yxFYr21_dLeP3dy6Hwvk83iS4pEYto5R_CiQndKX

 

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Daily mortgage rates for March 18, 2024: Steady rates

Daily mortgage rates for March 18, 2024: Steady rates

The average rate on a 30-year fixed mortgage is 7.40%, and on a 15-year fixed-rate mortgage, it’s 6.64%. The average rate on a 30-year jumbo mortgage is 7.37%.

The average mortgage rate for 30-year fixed loans rose today to 7.40% from 7.22% last week, according to data from Curinos. This is the same as last month’s 7.40% and up from a year ago when it was 5.87%.

At the current 30-year fixed rate, you’ll pay about $698 each month for every $100,000 you borrow — up from about $687 last week.

Ready to buy? Compare the best mortgage lenders.

 

To continue reading the rest of the article, please click on the source link below:

https://www.usatoday.com/money/blueprint/mortgages/mortgage-rates-03-18-24/

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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U.S. House-Builders’ Mood Improves Again as Buyers Eye Gentler Mortgages

U.S. House-Builders’ Mood Improves Again as Buyers Eye Gentler Mortgages

Confidence among U.S. home builders improved more than expected this month as housing demand outstrips supply and mortgage rates ease, according to a report from the National Association for Home Builders released Monday. Here are the report’s main takeaways:

–The NAHB’s housing-market index, produced in conjunction with Wells Fargo, rose to 51 in March from 48 in February. The index is a gauge of builder confidence in the market for single-family housing.

To continue reading the rest of the article, please click on the source link below:

https://www.morningstar.com/news/dow-jones/202403185141/us-house-builders-mood-improves-again-as-buyers-eye-gentler-mortgages

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Mortgage Audit Online

Mortgage Audit Online

Your Trusted Partner in Mortgage Audit Services

 

Welcome to Mortgage Audit Online, where we offer top-notch mortgage audit services designed to meet the highest professional standards. We deeply grasp the intricacies of the mortgage industry and recognize the paramount importance of upholding accuracy and compliance in every aspect of mortgage transactions. Backed by extensive experience and a team of dedicated experts, we pledge to deliver comprehensive audit solutions precisely tailored to address the distinct requirements of our clients.

In an industry as complex as mortgages, precision is non-negotiable. That’s why we invest years of expertise into meticulously examining every detail of your mortgage documents, ensuring they align seamlessly with regulatory standards and industry best practices. Our commitment to accuracy is unwavering, providing you with the confidence and peace of mind necessary to navigate the mortgage process with ease.

At Mortgage Audit Online, we understand that every client is unique. That’s why we take a personalized approach to our audit solutions, catering to your specific needs and objectives. Whether you’re a homeowner, lender, or attorney, we’re here to provide you with tailored guidance and support every step of the way.

Our dedicated team of experts is passionate about delivering results that exceed expectations. We work tirelessly to ensure that our audit solutions not only meet but exceed industry standards, empowering our clients with the knowledge and resources needed to make informed decisions and achieve their goals.

When you choose Mortgage Audit Online, you’re not just getting a service – you’re gaining a trusted partner committed to your success. With our proven track record of excellence and dedication to client satisfaction, you can rest assured that your mortgage audit needs are in capable hands. Experience the difference of working with industry leaders who prioritize accuracy, compliance, and client satisfaction. Welcome to Mortgage Audit Online – where your mortgage audit needs are our top priority.

 

About Us

Mortgage Audit Online stands at the forefront of the industry and is distinguished as a leader in providing unparalleled mortgage audit services. Since our establishment, our core mission has remained steadfast: to equip homeowners, lenders, and attorneys with the essential knowledge and resources required to navigate the intricate landscape of the mortgage process with confidence and success. Anchored by principles of integrity, professionalism, and excellence, we have cultivated a reputation for consistently delivering dependable and impactful audit solutions.

From the outset, our company was founded on a deeply rooted commitment to empowering individuals and institutions involved in mortgage transactions. We recognized the inherent complexities and challenges inherent in the mortgage process and set out to offer a comprehensive suite of audit services tailored to meet the unique needs of our diverse clientele.

Central to our ethos is the belief that informed decision-making is pivotal in achieving favorable outcomes in mortgage transactions. By arming our clients with accurate information and actionable insights, we empower them to make sound decisions that align with their objectives and priorities.

At Mortgage Audit Online, integrity serves as the cornerstone of our operations. We adhere to the highest ethical standards in all aspects of our work, conducting ourselves with transparency, honesty, and accountability. Our clients trust us to provide unbiased assessments and objective analysis, free from any conflicts of interest.

Professionalism underscores every interaction and engagement at Mortgage Audit Online. Our team comprises seasoned professionals with a wealth of experience in the mortgage industry. We approach each project with diligence, attention to detail, and a commitment to delivering results that exceed expectations. Our clients can rely on us to uphold the highest standards of professionalism throughout the audit process.

Excellence is not merely a goal but a guiding principle that permeates everything we do at Mortgage Audit Online. We continually strive for excellence in our service delivery, leveraging cutting-edge technologies, advanced methodologies, and industry best practices to ensure our audit solutions’ accuracy, reliability, and effectiveness. Our relentless pursuit of excellence enables us to consistently deliver outcomes that drive value and instill confidence in our clients.

Over the years, Mortgage Audit Online has earned a reputation for excellence, earning the trust and confidence of homeowners, lenders, and attorneys alike. Our successful track record and unwavering commitment to client satisfaction have solidified our position as a trusted partner in the mortgage audit space.

 

Our Services

At Mortgage Audit Online, we specialize in providing comprehensive audit services tailored to meet the diverse needs of homeowners and lenders involved in mortgage transactions. With a commitment to accuracy, compliance, and excellence, our range of audit services is designed to address various aspects of mortgage transactions, ensuring peace of mind and confidence in the process. Whether you’re a homeowner seeking clarity on your mortgage documents or a lender aiming for regulatory compliance, we have the expertise and resources to assist you effectively. Let’s explore our key audit services in detail:

 

  1. Forensic Loan Audit

Our forensic loan audit is a meticulous examination of mortgage documents aimed at identifying any errors, discrepancies, or violations that may have occurred during the origination or servicing of the loan. We leave no stone unturned, carefully reviewing all pertinent documents such as the note, mortgage, closing disclosures, and servicing records to uncover potential issues. Our expertise provides homeowners and lenders with a comprehensive analysis, empowering them with the knowledge needed to address any identified concerns and ensure the accuracy and legality of their mortgage transactions.

  1. Securitization Audit

For mortgages that have been securitized and sold to investors, our securitization audit offers a thorough analysis of the chain of ownership and the legality of the securitization process. We meticulously scrutinize all relevant documents, including pooling and servicing agreements, to determine compliance with applicable laws and regulations. Our goal is to provide clarity and transparency regarding the securitization process, enabling homeowners and lenders to navigate this complex landscape confidently while ensuring compliance with regulatory requirements.

  1. Compliance Audit

Our compliance audit evaluates mortgage transactions for adherence to federal, state, and local regulations and industry best practices. We assess various aspects of the transaction, including truth in lending disclosures, RESPA compliance, fair lending practices, and more. By conducting a comprehensive compliance audit, we help homeowners and lenders ensure that their mortgage transactions meet all relevant requirements, reducing the risk of potential legal issues and penalties while fostering trust and confidence among all parties involved.

  1. Loss Mitigation Audit

For homeowners facing financial hardship or foreclosure, our loss mitigation audit provides an assessment of available options for loan modification or foreclosure avoidance. We understand homeowners’ challenges during difficult financial times, and our experienced team works closely with them to evaluate their financial situation and determine the best course of action to achieve their goals. Whether it’s exploring loan modification options or negotiating with lenders on behalf of homeowners, we are committed to helping homeowners navigate through these challenging circumstances with compassion and expertise.

  1. Litigation Support

In cases where legal action is necessary to address mortgage-related issues, we offer comprehensive litigation support services. Our team of experienced professionals can assist with document preparation, expert witness testimony, and other aspects of the litigation process to help clients achieve a favorable outcome. With our expertise in mortgage auditing and litigation support, we empower clients to navigate through legal proceedings effectively, ensuring their rights are protected and their interests are represented vigorously.

 

Why Choose Us?

Choosing the right audit partner is essential when it comes to ensuring the accuracy, compliance, and integrity of your mortgage transactions. At Mortgage Audit Online, we understand the complexities of the mortgage industry and the importance of having a trusted team of professionals by your side. Here are several compelling reasons why you should choose us for all your audit needs:

 

  1. Unparalleled Expertise

At Mortgage Audit Online, we pride ourselves on having a team of auditors and analysts with extensive experience in the mortgage industry. Our professionals have spent years honing their skills and developing a deep understanding of applicable laws, regulations, and best practices. This wealth of knowledge allows us to provide our clients with expert insights and guidance throughout the audit process, ensuring that every aspect of their mortgage transactions is thoroughly examined and analyzed.

  1. Commitment to Accuracy

Accuracy is paramount when it comes to mortgage audits, and at Mortgage Audit Online, we take this responsibility seriously. We utilize advanced technology and proven methodologies to ensure the accuracy and reliability of our audit findings. From meticulous document reviews to comprehensive data analysis, we leave no stone unturned in our quest to provide our clients with precise and actionable insights. You can trust us to deliver audit reports that are thorough, detailed, and backed by solid evidence.

  1. Customized Solutions

We understand that every client is unique, with their own specific needs, goals, and challenges. That’s why we offer customized audit solutions tailored to meet your individual requirements. Whether you’re a homeowner looking to verify the accuracy of your mortgage documents or a lender seeking compliance with regulatory requirements, we will work closely with you to develop a personalized audit strategy that addresses your specific concerns and objectives. Our goal is to provide you with a tailored solution that meets your needs and helps you achieve your goals effectively.

  1. Timely Results

We recognize the importance of timely results, especially when it comes to mortgage transactions. Delays in the audit process can lead to uncertainty and frustration for all parties involved. That’s why we strive to deliver our audit reports and findings promptly, allowing you to make informed decisions quickly and efficiently. Our efficient workflow processes and proactive communication ensure that you receive timely updates on the progress of your audit, enabling you to stay informed and engaged throughout the process.

  1. Exceptional Customer Service

At Mortgage Audit Online, we believe in providing our clients with exceptional customer service every step of the way. From the moment you contact us to discuss your audit needs to the final delivery of your audit report, our dedicated customer service team is here to support you. We pride ourselves on being responsive, reliable, and accessible, and we are committed to ensuring that your experience with us is positive and hassle-free. Whether you have questions about the audit process or need assistance interpreting your audit findings, we are here to help, providing you with the guidance and support you need to navigate the audit process confidently.

 

Get Started Today

Are you prepared to reclaim control over your mortgage transactions, ensuring compliance and precision at every juncture? Reach out to Mortgage Audit Online today to delve deeper into our services and discover how we can bolster your efforts. With our extensive expertise and unwavering dedication to excellence, you can rely on us to serve as your steadfast ally in all matters pertaining to mortgage audit services.

At Mortgage Audit Online, we comprehend the intricate nuances of the mortgage realm and the critical significance of upholding compliance and accuracy throughout every stage. Our tailored solutions are designed to provide you with the support and guidance necessary to navigate the complexities of mortgage transactions successfully. Whether you’re a homeowner seeking clarity on your mortgage documentation or a lender striving to ensure adherence to regulatory standards, our seasoned team of experts is primed to assist you every step of the way.

Our commitment to precision is paramount, and we leave no stone unturned in our quest to deliver comprehensive audit solutions tailored to your unique needs. Leveraging advanced methodologies and rigorous analysis ensures that your mortgage transactions are meticulously scrutinized, providing you with actionable insights and peace of mind.

With Mortgage Audit Online as your trusted partner, you can rest assured that your mortgage endeavors are in capable hands. Our unwavering dedication to excellence underscores every aspect of our service delivery, guaranteeing that you receive nothing short of exceptional results.

Don’t let uncertainty cast a shadow over your mortgage journey any longer. Take the first step towards clarity and confidence by contacting Mortgage Audit Online today. With our proven track record of success and unwavering commitment to client satisfaction, you can trust us to guide you toward your objectives with precision and proficiency. Let us be your reliable partner in achieving compliance and accuracy in your mortgage transactions, empowering you to navigate the process with assurance and ease.

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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U.S. Commercial Mortgage Debt Continued to Rise in 2023, Hits $4.7 Trillion

U.S. Commercial Mortgage Debt Continued to Rise in 2023, Hits $4.7 Trillion

According to the Mortgage Bankers Association’s latest U.S. Commercial / Multifamily Mortgage Debt Outstanding quarterly report, the level of commercial and multifamily mortgage debt outstanding at the end of 2023 was $130 billion (2.8 percent) higher than at the end of 2022.

MBA’s report found that total mortgage debt outstanding rose by 0.9 percent ($41.8 billion) to $4.69 trillion in fourth-quarter 2023. Multifamily mortgage debt grew by $25.0 billion (1.2 percent) to $2.09 trillion during the fourth quarter, and by $88.5 billion (4.4 percent) for the entire year.

 

To continue reading the rest of the article, please click on the source link below:

https://www.worldpropertyjournal.com/real-estate-news/united-states/new-york-city-real-estate-news/commercial-real-estate-news-mortgage-bankers-association-2023-commercial-multifamily-mortgage-debt-outstanding-quarterly-report-commercial-mortgage-de-1-14058.php

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Mortgage Interest Rates Today, March 15, 2024 | Rates Drop for Second Week in a Row

Mortgage Interest Rates Today, March 15, 2024 | Rates Drop for Second Week in a Row

Mortgage rates ticked down again this week. Average 30-year mortgage rates dropped 14 basis points to 6.74%, according to Freddie Mac. This is the second consecutive week this rate has gone down, after spiking in late February.

Rates are expected to fall further throughout 2024, but it could be at least a few more months before we see them start to sustainably trend down.

 

To continue reading the rest of the article, please click on the source link below:

https://www.businessinsider.com/best-mortgage-refinance-rates-today-friday-15-2024-3

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Beazer Homes Announces Closing of Offering of $250 Million Senior Unsecured Notes due 2031

Beazer Homes Announces Closing of Offering of $250 Million Senior Unsecured Notes due 2031

ATLANTA, March 15, 2024–(BUSINESS WIRE)–Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced today the completion of its previously-announced offering of $250 million aggregate principal amount of 7.500% Senior Unsecured Notes due 2031 (the “Notes”). The Notes were offered in a private offering that was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

To continue reading the rest of the article, please click on the source link below:

https://finance.yahoo.com/news/beazer-homes-announces-closing-offering-142500137.html

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Average long-term US mortgage rate declines to levels last seen in early February

Average long-term US mortgage rate declines to levels last seen in early February

LOS ANGELES (AP) — Home loan borrowing costs fell for the second week in a row, pulling the average long-term U.S. mortgage rate to its lowest level since early February — good news for prospective home shoppers as the spring homebuying season gets underway.

The average rate on a 30-year mortgage dropped to 6.74% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.60%.

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell this week, pulling the average rate down to 6.16% from 6.22% last week. A year ago it averaged 5.90%, Freddie Mac said.

To continue reading the rest of the article, please click on the source link below:

https://apnews.com/article/mortgage-rates-housing-interest-financing-home-loan-530356e889579526a953e46dcd8ca7d1

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Housing Market 2024: Why Downsizing Your Home for Retirement Might Not Be Worth It

Housing Market 2024: Why Downsizing Your Home for Retirement Might Not Be Worth It

There are a number of reasons why you may downsize your home in retirement. Perhaps you’ve simply tired of excess space after your kids go off to college. Maybe you’re looking to move to a more expensive location and don’t want to take a financial hit by doing so. Or, perhaps you’ve made the decision to sell your large home and buy a smaller one, deeming this one of the smartest ways you can save money in your golden years.

And you may be right; there are so many financial benefits to downsizing, but, surprisingly, there are cons, too, particularly in the current housing market and economy at large. But why exactly might downsizing your home for retirement not be worth it in 2024?

Here’s a dive into the current downsides of downsizing.

You’ve Locked in a Low Mortgage Interest Rate

Mortgage rates have been getting steeper over the past couple of years. If you have a low one locked in from before, it could be wiser to hang onto it than to buy a new home at a higher interest rate — even if the home is cheaper than where you live now.

To continue reading the rest of the article, please click on the source link below:

https://finance.yahoo.com/news/housing-market-2024-why-downsizing-140008832.html

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Rural America Has an Eviction Crisis, Too

Rural America Has an Eviction Crisis, Too

Black rural Americans are still feeling the strain of the failed promises of the Reconstruction era and discrimination in lending, as redlining has pushed them away from homeownership into tenancy.

A new report illuminates the struggle: Southern Black counties have higher eviction filing rates than their white counterparts. In four states — Georgia, Mississippi, North Carolina, and South Carolina — rural counties have higher eviction filing rates that are near or above the national average. The rates are also higher than larger cities such as Chicago, Los Angeles, and New York.

In nearly every rural county, Black renters were overrepresented in eviction filings — even in majority-white counties. For example, in counties that are 20% Black, 50% of evictions are filed against Black households. In counties that are over 50% Black, around 75% of evictions are filed against Black households.

To continue reading the rest of the article, please click on the source link below:

https://www.yahoo.com/news/rural-america-eviction-crisis-too-120000658.html

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Marion County program battles the ‘financial incarceration’ of eviction

Marion County program battles the ‘financial incarceration’ of eviction

About $2.3 million in grants are helping Lawrence Township Small Claims Court Judge Kimberly Bacon hire additional staff to support a local eviction diversion program that is serving nearly all of Marion County.

The program uses court navigators to provide tenants with legal information, resources, and connection to legal aid as well as contract attorneys to facilitate agreements between landlords and tenants to prevent or mitigate the impact of an eviction and avoid a contested hearing.

It’s an important venture in Indianapolis, which has the fifth-highest eviction filing rate among 34 cities tracked by the Eviction Lab national database.

The program is fueled by $2 million from the Indiana Bar Foundation and $300,000 from the Nina Mason Pulliam Charitable Trust provided through the National Center for State Courts—all under a partnership with the Indiana Housing & Community Development Authority.

 

To continue reading the rest of the article, please click on the source link below:

https://www.theindianalawyer.com/articles/marion-county-program-battles-the-financial-incarceration-of-eviction

 

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Rising Mortgage Defaults Bring More Pain to Chinese Households

Rising Mortgage Defaults Bring More Pain to Chinese Households

BEIJING/HONG KONG (Reuters) – Chased by debt collectors over a mortgage delinquency in a southern Chinese city, former finance worker Lei Xiaoyu no longer answers her phone as she tries to delay the inevitable.

“It’s my only house and I don’t want it foreclosed. But what can I do?” said the 38-year-old, who in late 2022 lost her job and stopped repaying the mortgage and credit card debt she took to buy a 1.3 million yuan ($181,139) home in Huizhou.

 

To continue reading the rest of the article, please click on the source link below:

https://money.usnews.com/investing/news/articles/2024-03-13/rising-mortgage-defaults-bring-more-pain-to-chinese-households

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Today’s top money market account rate roundup: Rates inch up — March 13, 2024

Today’s top money market account rate roundup: Rates inch up — March 13, 2024

The average money market account (MMA) rate has ticked up since last week and sits at 0.58%. But if you shop around you could get a much higher rate of around 5%. These accounts can be a worthy option for savers who prefer account flexibility and potentially higher interest rates than those typically found offered by traditional savings accounts.

Money market accounts with a $10,000 minimum balance currently offer an average APY of 0.58%, per Curinos data, slightly higher than last week.

The highest rate in the Curinos dataset sits at 5.13%, so you may be able to find higher rates in your own research.

 

To continue reading the rest of the article, please click on the source link below:

https://www.usatoday.com/money/blueprint/banking/mmas/money-market-account-rates-03-13-24/

 

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Today’s mortgage rates for March 12, 2024: Rates remaining steady

Today’s mortgage rates for March 12, 2024: Rates remaining steady

Today’s 30-year fixed mortgage rate is 7.26% which is higher than last week’s 7.22%, according to data from Curinos. This is a decrease from last month’s 7.27%. Last year around the same time, 30-year fixed rates were 5.96%, which makes today’s rate much higher than it was a year ago.

At the current 30-year fixed rate, you’ll pay about $689 each month for every $100,000 you borrow — up from about $699 last week.

 

To continue reading the rest of the article, please click on the source link below:

https://www.usatoday.com/money/blueprint/mortgages/mortgage-rates-03-12-24/

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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US inflation on the rise

US inflation on the rise

Inflation increased to a pace of 3.2% in the US in February, a higher-than-expected jump that reinforced the likelihood of the Federal Reserve taking a cautious approach to interest rate cuts in the coming months.

Figures released by the Bureau of Labor Statistics on Tuesday (March 12) showed growth in the Consumer Price Index (CPI) was spurred by spiking shelter and gasoline costs, with those two indexes accounting for over 60% of the overall monthly increase.

 

To continue reading the rest of the article, please click on the source link below:

https://www.mpamag.com/us/mortgage-industry/market-updates/us-inflation-on-the-rise/480752

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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U.S. Foreclosure Activity Continues to See an Annual Increase

U.S. Foreclosure Activity Continues to See an Annual Increase

IRVINE, Calif. — March 12, 2024 — ATTOM, a leading curator of land, property, and real estate data, today released its February 2024 U.S. Foreclosure Market Report, which shows there were a total of 32,938 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – down 1 percent from last month but up 8 percent from a year ago.

“The annual uptick in U.S. foreclosure activity hints at shifting dynamics within the housing market,” said Rob Barber, CEO at ATTOM. “These trends could signify evolving financial landscapes for homeowners, prompting adjustments in market strategies and lending practices. We continue to closely monitor these trends to comprehend their complete effect on foreclosure activity.”

To continue reading the rest of the article, please click on the source link below:
https://www.attomdata.com/news/market-trends/foreclosures/u-s-foreclosure-activity-continues-to-see-an-annual-increase/

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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U.S. Bank: 2024 Home Equity Review

U.S. Bank: 2024 Home Equity Review

U.S. Bank is one of the ten biggest banks in the country. It offers home equity loans and home equity lines of credit, or HELOCs, as well as mortgages and refinance loans.

This Minnesota-based bank has near nationwide availability, funding home equity products in every state except Texas, Delaware and South Carolina. Thanks to its extensive availability, excellent price transparency, and various customer support options, U.S. Bank is one of our top home equity loan and HELOC lenders.

To continue reading the rest of the article, please click on the source link below:

U.S. Bank: 2024 Home Equity Review

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Daily mortgage interest rates for March 11, 2024: Lower rates for popular terms

Daily mortgage interest rates for March 11, 2024: Lower rates for popular terms

An overall downward trend results in lower average rates as of Monday, March 11, 2024. The week starts at 6.95% for a 30-year fixed mortgage and 6.94% for a 30-year fixed refinance, with rates for 15-year terms also lower than last week at 6.47% for purchase and 6.52% for refinance. The average rate on a 30-year fixed jumbo mortgage is 7.03%.

To continue reading the rest of the article, please click on the source link below:
https://www.aol.com/finance/daily-mortgage-interest-rates-for-march-11-2024-lower-rates-for-popular-terms-142231537.html

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Alvarez & Marsal hit with Loop office foreclosure

Alvarez & Marsal hit with Loop office foreclosure

Another Loop office building is facing foreclosure, amid record office vacancy in Chicago.

Wilmington Trust, along with special servicer LNR Partners, filed a foreclosure lawsuit this month against the real estate affiliate of consulting firm Alvarez & Marsal over missed loan payments for 205 West Randolph Street, Cook County court records show.

Alvarez & Marsal stopped making payments on an $18.7 million loan in November 2023, the lawsuit alleges. Wilmington is seeking $17 million in unpaid principal and $5 million in unpaid interest.

Alvarez & Marsal hired an inside property management company, Alvarez & Marsal Property Management, in 2018 to manage the building without notifying the lender, the lawsuit states. The terms of the mortgage require the borrower to notify the lender of a change in property management ahead of time and to hire an unaffiliated management firm.

To continue reading the rest of the article, please click on the source link below:
https://therealdeal.com/chicago/2024/03/11/alvarez-marsal-facing-office-foreclosure-in-chicago-loop/

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Average long-term US mortgage rate edges lower for the first time in five weeks

Average long-term US mortgage rate edges lower for the first time in five weeks

LOS ANGELES (AP) — The average long-term U.S. mortgage rate edged lower for the first time in five weeks, a welcome shift for home shoppers this spring homebuying season.

The average rate on a 30-year mortgage slipped to 6.88% from 6.94% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.73%.

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell this week, pulling the average rate down to 6.22% from 6.26% last week. A year ago it averaged 5.95%, Freddie Mac said.

To continue reading the rest of the article, please click on the source link below:
https://www.morning-times.com/business/article_42337112-0a44-5294-b2b6-9b4f8ce9db73.html

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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CALIFORNIA, NEW JERSEY AND ILLINOIS STILL FACING HIGHER RISK OF HOUSING MARKET DECLINE

CALIFORNIA, NEW JERSEY AND ILLINOIS STILL FACING HIGHER RISK OF HOUSING MARKET DECLINE

IRVINE, Calif., March 7, 2024 /PRNewswire/ — ATTOM, a leading curator of land, property, and real estate data, today released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, underwater mortgages and other measures in the fourth quarter of 2023. The report shows that California, New Jersey and Illinois continue to have the highest concentrations of the most-at-risk markets in the country, with some of the biggest clusters in the New York City and Chicago areas, along with inland California. Less-vulnerable markets are spread mainly throughout the South and Midwest.

To continue reading the rest of the article, please click on the source link below:
https://www.prnewswire.com/news-releases/california-new-jersey-and-illinois-still-facing-higher-risk-of-housing-market-decline-302082161.html

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Miami Seaquarium gets eviction notice several months after death of Lolita the orca

Miami Seaquarium gets eviction notice several months after death of Lolita the orca

MIAMI — The Miami Seaquarium, an old-Florida style tourist attraction that was home to Lolita, the beloved Orca that died last year, is being evicted from the waterfront property it leases from Miami-Dade County.

Miami-Dade County Mayor Daniella Levine Cava cited a “long and troubling history of violations” in a lease termination notice sent Thursday to the chief executive officer of The Dolphin Company, which owns the Seaquarium. The company was told to vacate the property by April 21, according to the letter from the mayor’s office.

To continue reading the rest of the article, please click on the source link below:
https://abcnews.go.com/US/wireStory/miami-seaquarium-gets-eviction-notice-months-after-death-107894913

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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