January 11, 2025
The U.S. Department of Justice and The Mortgage Firm have different interpretations of what happened regarding federal accusations that the Florida mortgage company engaged in redlining from Miami to Fort Lauderdale to the Palm Beaches. The Mortgage Firm, based in… Continue Reading…
Housing tokar / Shutterstock.com Published: January 11, 2025 10:48 am One of the primary issues with the housing market over the last four years is the sharp rise in the interest rates on mortgages. After it appeared these rates were… Continue Reading…
Mortgage rates remain stubbornly high due to persistent inflation concerns and economic factors, and 2025 may not offer much relief for homebuyers. As we transition into a new year, many potential buyers are left wondering why mortgage costs are still… Continue Reading…
Today’s mortgage rates are crucial for anyone considering buying or refinancing a home as they navigate the financial landscape. As of January 11, 2025, mortgage rates have increased due to strong economic indicators, particularly a robust jobs report that was… Continue Reading…
Mortgage rates have increased today. According to Zillow, the average 30-year fixed interest rate is up six basis points to 6.78%, and the 15-year fixed rate has risen by three basis points to 6.07%. You might be thinking, “Wait, weren’t… Continue Reading…
On January 7, 2025, the United States Department of Justice (the “DOJ”) announced that a non-depository mortgage lender has agreed to pay $1.75 million in connection with allegations that it engaged in a pattern or practice of lending discrimination by… Continue Reading…
On January 6, 2025, the CFPB filed a lawsuit against a non-bank manufactured home financing company for violations of the Truth in Lending Act and Regulation Z. The lawsuit alleges that the mortgage lender engaged in predatory lending practices by providing manufactured home… Continue Reading…
January 10, 2025
With more than 153,000 people currently under evacuation orders in the Los Angeles area due to multiple wildfires, an estimated 10 deaths and thousands of structures burned, the reverse mortgage industry at multiple levels is mobilizing with a clear, overarching… Continue Reading…
From BLS: Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in health care, government, and social assistance. Retail trade… Continue Reading…
Mortgage preapproval first-time homebuyers Are you an aspiring first-time homebuyer? Here’s how to get a mortgage preapproved. High mortgage interest rates have challenged home buyers in recent years, but 2024 at times brought modest rate declines that whittled the benchmark… Continue Reading…