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The average long-term U.S. mortgage rate edged down for the first time in two months.
Tagged with: housing mortgages
Read More »Long-term mortgage rates edge down for first time in 2 months
Higher mortgage rates set stage for lower home sales
Low mortgage rates have helped juice the housing market over the past decade, but a run-up in rates in recent weeks is threatening to undo that dynamic.
Tagged with: housing mortgages
Read More »Big bank profits decline as deal-making, mortgages slow
Four big banks reported noticeable declines in their first-quarter profits Thursday, as the volatile markets and war in Ukraine caused deal-making to dry up.
Tagged with: Banking mortgages
Read More »4th Circuit rules for Md. borrower in credit-reporting case
A mortgage lender must stop sending overdue-payment information to credit agencies once the debtor notifies the lender in writing why he or she believes the reported debt is not overdue, a federal appeals court ruled Tuesday in a case brought ...
Tagged with: borrowers Consumer Financial Protection Bureau credit agencies lenders mortgages qualified written request Real Estate Settlement Procedures Act
Read More »4th Circuit rules for borrowers in Md. mortgage ‘convenience fee’ case
A servicer of mortgage payments violated Maryland and federal law by charging borrowers a monthly $5 “convenience fee” for payments made online or by telephone rather than by check when this charge was not mentioned in their mortgage documents, a ...
Tagged with: convenience fee fair debt collection practices act Maryland Consumer Debt Collection Act Maryland Consumer Protection Act mortgage payment mortgages online payment
Read More »Average mortgage rates stay near historic lows
Mortgage rates remained near historic lows this week, and the benchmark 30-year home loan held below the 3% mark amid further signs of the economy’s recovery from the pandemic recession.
Tagged with: housing mortgages Real Estate
Read More »Average mortgage rates flat to higher as 30-year rate ticks up
Mortgage rates were flat to higher this week. The benchmark 30-year home loan remained below the 3% mark amid continued positive indications of the economy’s recovery from the pandemic recession.
Tagged with: housing mortgages Real Estate
Read More »Edward J. Levin: A tale of two inadvertent releases
Consider the following (not so) hypothetical cases. No. 1. A lender made two loans to the same borrower. The borrower wanted to pay off one of the loans (Loan 1), but not the other (Loan 2). The lender agreed that ...
Tagged with: Bankruptcy mortgages
Read More »More Americans to buy homes with 3 percent down
Some Americans will soon be able to buy a home with a down payment as low as 3 percent, compared with the current minimum of 5 percent, the mortgage giants Fannie Mae and Freddie Mac say.
Tagged with: fannie mae freddie mac housing mortgages real estate news
Read More »Finder’s fee lawsuit must be filed in 3 years, not 12
In a blow to Maryland homebuyers, the state’s top court has unanimously ruled that mortgage borrowers have just three years in which to sue mortgage brokers who allegedly failed to disclose they charged and collected finders’ fees for their brokerage services.
Tagged with: homebuyers mortgages
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