mortgages

A mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

Source: en.wikipedia.org

Wells Fargo Freezes New HELOCs As Mortgage Market Sputters
Wells Fargo Freezes New HELOCs As Mortgage Market Sputters
May 01, 2020  |  Loans

One of the nation’s biggest names in mortgage lending has put the brakes on home equity lines of credit (HELOC) as the economic turmoil caused...

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US Pending Home Sales Drop Almost 21 Pct As Buyers Stay Home
US Pending Home Sales Drop Almost 21 Pct As Buyers Stay Home
April 29, 2020  |  Real Estate

Pending single-family home sales fell by nearly 21 percent in March compared to February as the economic impact of COVID-19 took its toll on the...

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US New Home Sales Plummet As COVID-19 Hits Housing Market
US New Home Sales Plummet As COVID-19 Hits Housing Market
April 24, 2020  |  Real Estate

As COVID-19 started to impact the housing markets during a wind-down in mid-March, new home sales in the United States plummeted 15.4 percent. Sales of...

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Homeowners Face Uncertainty Over Delayed Mortgage Payments
Homeowners Face Uncertainty Over Delayed Mortgage Payments
April 24, 2020  |  Coronavirus

Homeowners who expected temporary financial relief from the COVID-19 pandemic may be in for a big surprise next year, The Wall Street Journal reported. While...

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Consumers Struggle To Navigate Muddled Mortgage Forbearance Programs
Consumers Struggle To Navigate Muddled Mortgage Forbearance Programs
April 20, 2020  |  Loans

As the economic collateral damage induced by the COVID-19 epidemic has spread far and wide throughout the nation, leaving nearly 20 million Americans newly unemployed,...

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JPMC To Require 700 Credit Score, 20 Pct Down For New Mortgages
JPMC To Require 700 Credit Score, 20 Pct Down For New Mortgages
April 12, 2020  |  Loans

JPMorgan Chase is attempting to stave off the oncoming economic downturn by raising the standards on who can borrow from them for the time being,...

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Mortgage-Extension Requests Skyrocket Nearly 2,000 Percent
Mortgage-Extension Requests Skyrocket Nearly 2,000 Percent
April 07, 2020  |  Coronavirus

The number of homeowners who asked lenders for more time to pay their mortgages increased to record levels in March, as borrowers feel the impacts...

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Mortgage Payment Deferrals Could Cost Non-Bank Lenders $12B Per Month
Mortgage Payment Deferrals Could Cost Non-Bank Lenders $12B Per Month
April 02, 2020  |  Loans

Non-bank lenders are on shaky ground as they face the prospect of mortgage payment forbearance with the ongoing coronavirus pandemic, which could end up costing...

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Home Loan Defaults Could Decimate Mortgage Servicers
Home Loan Defaults Could Decimate Mortgage Servicers
March 23, 2020  |  Coronavirus

The Mortgage Bankers Association (MBA) is concerned that deferred and late mortgage payments due to lost jobs and reduced hours caused by the coronavirus could...

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