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US Evictions To Continue Soaring Until Pro-Corporate Regulations Overhauled – Experts

US Evictions To Continue Soaring Until Pro-Corporate Regulations Overhauled – Experts

10 September 2022

WASHINGTON (UrduPoint News / Sputnik – 09th September, 2022) Rent and evictions will continue to soar across the United States unless local and state governments overhaul regulations that were designed to serve the interests of landlords and corporations, experts told Sputnik. More than four million American adults face likely evictions within the next two months, according to US Census Bureau data, […]

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PERSONAL FINANCE Citi expands program to help diverse communities reach ‘transformational’ homeownership milestone. Here’s who qualifies

PERSONAL FINANCE Citi expands program to help diverse communities reach ‘transformational’ homeownership milestone. Here’s who qualifies

10 September 2022

Citi is expanding a program to encourage homeownership in diverse communities, as part of a new set of initiatives to broaden access to its lending products. The program, called HomeRun, seeks to help eliminate the key barriers to homeownership, particularly with regard to cost and affordability. The program, which offers down payments as low as 3% […]

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Mortgage Rates Keep Climbing While Foreclosure Filings Rise

Mortgage Rates Keep Climbing While Foreclosure Filings Rise

10 September 2022

This week in the housing market saw the continued upswing in mortgage rates mirrored by a rise in foreclosure filings and a spike in search engine inquiries from sellers trying to offload their properties. On the Mortgage Front Freddie Mac (OTCMKTS:FMCC) reported the 30-year fixed-rate mortgage averaged 5.89% as of Sept. 8, up from last week when it […]

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Mortgage applications are down 23% from a year ago. What does that mean?

Mortgage applications are down 23% from a year ago. What does that mean?

09 September 2022

Climbing mortgage rates have been dampening the red-hot pandemic housing market for a few months now. Sellers are slashing prices while buyers are sitting on the sidelines, home sales are falling through, contingencies are back, and bidding wars have become more of an exception than the rule. The most recent evidence of a cooling housing market comes in the form […]

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US long-term mortgage rates hit highest level since 2008

US long-term mortgage rates hit highest level since 2008

08 September 2022

Average long-term United States mortgage rates jumped again this week, hitting the highest levels in almost 14 years and pushing even more would-be buyers out of the market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate jumped to 5.89 percent from 5.66 percent last week. That’s the highest the long-term rate has been since […]

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What’s lurking underwater for real estate professional liability?

What’s lurking underwater for real estate professional liability?

08 September 2022

More than 2 million real estate agents are active in the United States, according to a recent estimate, and the National Association of Realtors® reports membership of 1.56 million. Real estate agents are a disparate group of professionals: They range from part-time dabblers to full-time, vastly experienced professionals. Their educational levels range from high-school diplomas only (8%) to graduate […]

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Single-Family Home Prices Cool, Rents Continue to Rise

Single-Family Home Prices Cool, Rents Continue to Rise

08 September 2022

After years of skyrocketing prices, the single-family housing market is starting to cool, reports Lynn Pollack in Globe St. “And while ‘significant price collapses’ are not likely due to ongoing supply-demand imbalances, the recalibrating single-family home market will continue to benefit the multifamily asset class,” Pollack continues. After rising for 24 straight months, the average price of […]

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A home on the North or West Side grows increasingly out of reach for most San Antonians

A home on the North or West Side grows increasingly out of reach for most San Antonians

06 September 2022

SAN ANTONIO – San Antonio homebuyers looking in the city’s North and West sides may find themselves locked out of an increasing number of areas. Over the course of the pandemic, nine San Antonio ZIP codes became prohibitively expensive for median income households: four on the North Side, four on the Far West Side, and one […]

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Florida’s HAF Continues to Lead the Nation in Expediting Relief to State’s Most Vulnerable Homeowners, Awards More Than $354 Million in Relief to Floridians

Florida’s HAF Continues to Lead the Nation in Expediting Relief to State’s Most Vulnerable Homeowners, Awards More Than $354 Million in Relief to Floridians

06 September 2022

ALLAHASSEE, Fla. – Florida’s Homeowner Assistance Fund (HAF) continues to lead the nation in expediting relief to the state’s most vulnerable homeowners and awarding more than $354 million in relief to Floridians. The Florida Department of Economic Opportunity (DEO) has awarded assistance to more than 13,660 Florida homeowners for their mortgage and other homeowner expenses, with more than […]

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Mortgage Loans Are Not One Size Fits All

Mortgage Loans Are Not One Size Fits All

06 September 2022

CINCINNATI, OHIO, UNITED STATES, September 6, 2022 /EINPresswire.com/ — Every individual or couple purchasing a home in Cincinnati, OH has a different financial situation. At Superior Credit Union, the focus is on matching the correct type of mortgage loans to the home buyer, providing a solution for first-time home buyers and those who have completed a home purchase […]

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How you can put an end to mortgage anxiety

How you can put an end to mortgage anxiety

05 September 2022

It’s common for mortgage owners to feel overwhelmed by the responsibility of servicing a mortgage, but “mortgage anxiety” is not always a useful or accurate indicator of individual circumstances. On the first Tuesday in August, the Reserve Bank of Australia (RBA) increased the official cash rate by 0.5%. Many experts predict another rate rise for September. What […]

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Hamden Man Pleads Guilty to Fraud Offenses

Hamden Man Pleads Guilty to Fraud Offenses

02 September 2022

Vanessa Roberts Avery, United States Attorney for the District of Connecticut, and David Sundberg, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, announced that LAMONT BETHEA, 31, of Hamden, waived his right to be indicted and pleaded guilty today before U.S. District Judge Kari A. Dooley in Bridgeport […]

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Evictions increase post-pandemic. Thousands in NYC fear losing their homes, including this Brooklyn family

Evictions increase post-pandemic. Thousands in NYC fear losing their homes, including this Brooklyn family

02 September 2022

Between the walls of his modest two-bedroom apartment in Sunset Park, Fabian Bravo has watched his family grow. He’s seen his three children go from infants to toddlers to teens. Pictures of his family, children’s drawings and kind notes from teachers and friends line the walls. This apartment, and the neighborhood along the bay in […]

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Pros and Cons of Reverse Mortgages: When are They Worth

Pros and Cons of Reverse Mortgages: When are They Worth

02 September 2022

Reverse mortgages let homeowners who are 62 years and older liquidate their home equity. That can be a convenient way to generate extra cash for retirees whose net worths are primarily in their homes. However, these specialized home loans also have costs and limitations that can make them problematic. Here are the most significant pros […]

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10 States With the Lowest Home Prices in 2022

10 States With the Lowest Home Prices in 2022

02 September 2022

Two years ago, the housing market started seriously heating up. With mortgage rates at all-time lows, buyers flocked to the market. As a result, home prices in the U.S. increased by more than 30% from 2020 to 2022, according to recent Ascent research. Despite this, homes continue to sell within days of being listed. However, housing […]

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Hyannis Port couple sentenced for bank fraud, mortgage schemes

Hyannis Port couple sentenced for bank fraud, mortgage schemes

01 September 2022

HYANNIS — A former real estate attorney and his wife, both from Hyannis Port, were sentenced in federal court in Boston Thursday in connection with various mortgage fraud schemes, including not paying off mortgages for clients who refinanced their home loans. Barry Wayne Plunkett Jr., 62, was sentenced to 78 months in prison and five […]

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Is Another Housing Bust Coming?

Is Another Housing Bust Coming?

01 September 2022

Summary Many measures of real estate activity have softened after a remarkable run, including pending and new home sales. Home prices remain high, with the latest data showing median home prices climbed approximately 11% vs. a year ago to a record $404,000. Given the growing disconnect between prices and other measures of housing activity, some […]

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Bank of America launches zero down payment mortgages to help minorities buy their first homes — here’s who can apply

Bank of America launches zero down payment mortgages to help minorities buy their first homes — here’s who can apply

01 September 2022

To help narrow a homeownership gap among Black and Hispanic-Latino communities, Bank of America is launching new zero down payment, zero closing cost mortgage products to help people in minority communities buy their first homes. The program — called the Community Affordable Loan Solution — will be available to certain markets including majority Black and/or […]

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The Rising Fear of Eviction or Foreclosure

The Rising Fear of Eviction or Foreclosure

31 August 2022

High housing costs, rising rental prices, persistent inflation and an end to eviction moratoriums have many Americans worried about keeping a roof over their heads. We found that nationwide, nearly 28% of people (1 in 4) who are behind on payments are worried they will face foreclosure or eviction in the next two months. Key […]

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3.8 million tenants in the US could be evicted in the next two months

3.8 million tenants in the US could be evicted in the next two months

31 August 2022

According to the United States Census Bureau, 3.8 million tenants are likely to be evicted in the next two months. Comparatively, only 3.6 million eviction cases were filed in the entire year of 2018. In 2018, the Eviction Lab at Princeton University estimated that there were only 898,479 evictions in 2016, although this number may be a low estimate compared to more […]

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Don’t expect home prices to come crashing down anytime soon

Don’t expect home prices to come crashing down anytime soon

31 August 2022

New York (CNN Business)Rising mortgage rates are taking a toll on the US housing market. But those hoping for prices to drop probably won’t catch a break anytime soon. What’s happening: Home prices were up 18% in June compared to a year ago, with Tampa, Miami and Dallas reporting the highest annual gains, according to […]

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The U.S. housing market downturn will be worse in 2023, forecasts Goldman Sachs

The U.S. housing market downturn will be worse in 2023, forecasts Goldman Sachs

31 August 2022

The U.S. entered into its first housing downturn of the post–Great Financial Crisis era. And the worst still awaits. On Tuesday, researchers at Goldman Sachs released a paper titled “The Housing Downturn: Further to Fall.” The investment bank now forecasts that activity in the U.S. housing market will end 2022 down across the board. The firm projects […]

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