Non-Borrowing Spouse Protections and Reverse Mortgages

Reverse mortgages didn’t always have the same consumer protections they have today. While new laws do a better job of preventing some bereaved spouses from getting pushed out of their homes, the rules...

Reverse Mortgages and Irrevocable Trusts

A reverse mortgage allows you access to a portion of your home equity while you’re still living in the home. If you put that home into an irrevocable trust, you may be able to avoid estate taxes...

Rocket Companies CEO expects $2.50 trillion of mortgages this year

A recent CNBC report suggested rising rates are hitting mortgage demand by over 40% YoY. Still, Rocket Companies Inc (NYSE: RKT) CEO is convinced there’s ample opportunities for 2022. Farner exp...

Housing Crisis: Why 40-Year Mortgages Might Help Delinquent Borrowers

Text size Illustration by Laurent Duvoux About the author: Patrick Harker is the president and CEO of the Federal Reserve Bank of Philadelphia. The Covid-19 pandemic is not over. But many of the pande...

The housing market is running hot. Can the Fed cool it before it crashes?

When the “Bond King” Bill Gross sat down recently with Barry Ritholtz for an episode of “The Big Picture” podcast, the billionaire investor and PIMCO founder took a pretty skeptical view of who might ...

Homebuilders turn to mixed-use districts, master-planned communities

Americans who are short on cash to make rent may need to face an uncomfortable reality: Conditions will likely get worse before they get better. U.S. housing supply fell to the lowest levels observed ...

Mortgage rate soars closer to 5% in its second huge jump this week

The rate for the most common kind of mortgage just surged again. The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage...

Home sales fall in February ahead of key spring selling season

A home with a sign indicating that it is under contract to be sold is seen in a neighborhood of downtown Washington. Jim Bourg | Reuters In a grim sign for the housing market’s busiest season, p...

Cryptocurrency mortgages: a revolution in the industry

The entry of digital currencies into the lending business has been rumoured for some time, and cryptocurrency mortgages were highly anticipated. The mortgage  But what does it mean to take out a mortg...

Mortgage refinance demand plunges 14%, as interest rates spike higher

A sharp increase in mortgage interest rates is taking its toll on loan demand, especially refinances. Total mortgage application volume fell 8.1% last week compared with the previous week, according t...

Figure sets out plans to launch crypto-backed mortgages

advertisement Loans platform Figure has opened its waiting list for crypto-backed mortgages in the US, in a move that would let borrowers put up bitcoin (BTC) or ethereum (ETH) as collateral. Borrower...

Mortgage rates are surging faster than expected, economists lower home sales forecasts

A home is offered for sale on January 20, 2022 in Chicago, Illinois. Scott Olson | Getty Images The average rate on the popular 30-year fixed mortgage hit 4.72% Tuesday, moving 26 basis points higher ...

Buying your first home? Here’s what you need to know

Paul Bradbury | OJO Images | Getty Images First-time home buyers have a steep learning curve, from understanding true affordability and how to qualify for a mortgage to managing their cash flow after ...

NFTs, crypto mortgages, 5G network and Web3 devs raise millions

The cryptocurrency market has failed to make significant headway in recent months, but that hasn’t stopped the industry’s builders from building. Nonfungible tokens (NFTs), crypto mortgages, blockchai...

Single-family rent sets record, led by homes in Florida and Arizona

A house for rent in Corona Del Mar, California. Scott Mlyn | CNBC Demand for single-family rental homes is soaring, pushing prices to record highs, as Americans continue to want larger homes with outd...

Brief drop in mortgage rates sparks mini refinance boom

A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters After rising steadily for months, mortgage rates made a U-turn last week, and borrowers jumped to take advantage. ...

What’s stopping Black-owned banks from thriving

Big banks and corporations like Yelp, Netflix, and Microsoft have announced major investments in Black-owned banks. Yet Black banks are far from thriving. Americans who identify solely as Black or Afr...

Weak mortgage demand could get a big boost

A house’s real estate for sale sign shows an upcoming open house in Washington, DC. Saul Loeb | AFP | Getty Images Mortgage demand stalled last week, as interest rates hit a multiyear high, but ...

Homeowners hold record equity. What to know if you want to borrow

New homes under construction by CastleRock Communities in Kyle, Texas, in November 2021. Matthew Busch | Bloomberg | Getty Images Record increases in home prices are also pushing up the amount of equi...

As Virtual Real Estate Gets Pricey Terrazero Technologies Provides Metaverse Mortgages – Blockchain Bitcoin News

While the metaverse has become very popular, virtual land sales have seen significant demand in recent times. Virtual real estate has become expensive, in comparison to the prices 12 months ago, and v...

January home sales jump 6.7% despite a record low supply

A sold sign is posted in front of a home in Phoenix, Arizona. Justin Sullivan | Getty Images Sales of previously owned homes in January rose 6.7% from December to a seasonally adjusted annualized rate...

Builders are waiting months to get cabinets and garage doors

A worker makes repairs to a home under construction at the Lennar Bridgeway home development on December 15, 2021 in Newark, California. Justin Sullivan | Getty Images Supply chain issues for homebuil...

The average size of a new mortgage just set a record

A couple look at houses for sale in the window of William H. Brown estate agents. Getty Images Homebuyers are facing one of the priciest housing markets in history, and that means they need larger mor...

Homebuyer demand for mortgages drops 10%

A sign advertising an open house in Corona Del Mar, California. Scott Mlyn | CNBC Mortgage rates have been rising since the start of the year, but buyers at first seemed unfazed, some even rushing to ...

Borrowers rush to get the last of the low mortgage rates

A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images M...

Paul Krugman Says Bitcoin Resembles Subprime Mortgages. Is He Right?

Paul Krugman is a Nobel Prize-winning economist with a huge microphone. The former MIT and Princeton professor has used his regular column in The New York Times to advocate for free trade, clean energ...

CFPB signals crackdown on hidden fees for banks, credit cards

Rohit Chopra, director of the Consumer Financial Protection Bureau. Alex Edelman/Bloomberg via Getty Images The Consumer Financial Protection Bureau on Wednesday signaled a broad crackdown on hidden a...

Mortgage refinance demand plunges 13% as interest rates climb

A home for sale in Susanville, CA. Gary Coronado | Los Angeles Times | Getty Images Rising interest rates are causing big headaches for mortgage lenders, especially those who depend most on refinance ...

Home prices surged in November, but at a slower rate, S&P Case-Shiller says

A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters Even as the housing market entered its traditionally slower season in November, home prices showed big gai...

First cryptocurrency-backed mortgages launched in the US

The first US home loans backed by cryptocurrencies have been launched.  Mortgages collateralized with cryptocurrencies They were launched by Milo, a fintech company that is building a proprietary tech...

Fear of even higher mortgage rates may be heating up winter homebuying

An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg via Getty Images Mortgage rates have moved to their highest level in more th...