mortgage

July 11, 2019

States with the Highest Mortgage Debt

A home is the largest purchase most Americans make in their lifetimes. The typical American home now costs over $200,000 – significantly more money than most […]
June 21, 2019

14 Years Needed to Save for a Down Payment

The nationwide average to save for a 20% down payment for a median-priced home on a median income is now 14 years, according to Unison’s Home […]
June 14, 2019

Negative Equity Falls; Home Equity Gains Slow

A majority of U.S. homeowners saw significant home equity gains in the first quarter, as home prices continued to rise in most markets.  That means fewer […]
May 30, 2019

Americans Still View Housing as Good Investment

A majority of Americans (65%) think it is still a good idea to invest in a home, according to the latest survey of consumer expectations of […]
April 2, 2019

Income Application Fraud Risk on the Rise

As the housing market becomes more competitive, homebuyers are increasingly pressured to seek out larger loans – leading some to misrepresent their income on loan applications. […]
March 18, 2019

Mortgage Lender Optimism Improves Slightly

In the first quarter of 2019, Fannie Mae’s Mortgage Lender Sentiment Survey revealed the net profit margin outlook for mortgage lenders retreated 8% from the previous […]
March 14, 2019

Credit Card Balances End Year At Record High

U.S. credit card debt hit $870 billion – the largest amount ever – as of December 2018, according to the data from the Federal Reserve. Credit […]
February 25, 2019

Foreclosures and Delinquencies at Low Level in 10 Years

Mortgage delinquency rates and foreclosures have dropped to their lowest rates in 10 years, according to a recent CoreLogic Loan Performance Insights report. The report found […]
February 19, 2019

Mortgage Delinquencies Plummet to 18-Year Low

Mortgage delinquencies in the fourth quarter were at their lowest level in nearly 19 years, helped by wage growth, low household debt and low unemployment. According […]