Search Results for: homeowners

New Survey Finds Significant Lack of Understanding of Mortgage Escrow Accounts and Raises Concerns Over Expected Increases
Mortgage News

New Survey Finds Significant Lack of Understanding of Mortgage Escrow Accounts and Raises Concerns Over Expected Increases

PR Newswire
by PR Newswire0
Nearly half of respondents say they don’t understand how Escrow accounts work and would be unable to pay if their monthly mortgage payment increased by 25% due to rising taxes and insurance rates. A new survey from LERETA, a leading national provider of real estate tax and flood services for mortgage......
Mortgage Rate Optimism Hits Survey High
Mortgage News

Mortgage Rate Optimism Hits Survey High

PR Newswire
by PR Newswire0
Consumer sentiment toward housing at highest level in nearly two years. The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 3.5 points in January to 70.7, its highest level since March 2022, due primarily to increased consumer confidence in job security and another significant jump in the share of consumers expecting mortgage......
A Startling 85% of Homebuyers in Texas Overpay for Their Mortgage Rate
Lending Mortgage News

A Startling 85% of Homebuyers in Texas Overpay for Their Mortgage Rate

PR Newswire
by PR Newswire0
Competitive Home Lending is committed to increasing awareness that could save the average homebuyer thousands of dollars on their home loan. The top ten mortgage lenders make up over 47% of the market share. Aside from excellent customer service and great mortgage loan programs, these leading companies extend lower wholesale......
Redfin Report: 89% of People With Mortgages Have an Interest Rate Below 6%, Down From a Record 93% in 2022
Fintech News

Redfin Report: 89% of People With Mortgages Have an Interest Rate Below 6%

Fintech News Desk
by Fintech News Desk0
The share of homeowners with relatively low rates has fallen because some have given up on waiting to move until rates nosedive, and everyone who has purchased a home in the last year did so when rates were above 6% Nationwide, 88.5% of U.S. homeowners with mortgages have an interest......
Matic Partners With Paramount Residential Mortgage Group
InsurTech Mortgage News

Matic Partners With Paramount Residential Mortgage Group

Fintech News Desk
by Fintech News Desk0
Matic to enhance property & casualty insurance offerings for PRMG customers By Global FinTech Series News Desk  Matic, a digital insurtech platform, and Paramount Residential Mortgage Group (PRMG), a national mortgage lender, announced an exclusive partnership to offer Property & Casualty (P&C) insurance products to PRMG customers.  The partnership will......
INB Now Offering $6,000 in Downpayment Assistance for Homebuyers
Mortgage News

INB Now Offering $6,000 in Downpayment Assistance for Homebuyers

PR Newswire
by PR Newswire0
INB, N.A. mortgage lenders can provide Illinois homebuyers with up to $6,000 to help them purchase a new home. The program, IHDAccess Forgivable, assists borrowers who qualify for a loan, but may not have enough funds to cover downpayment and closing costs due to student loans or other burdens. Administered by the Illinois......
FHLBank Pittsburgh Awards $24.6 Million in Affordable Housing Program Grants and $8 Million in Voluntary Housing Grant Initiative Funding
Finance Fintech News

FHLBank Pittsburgh Announced Awards to Two Initiatives

Business Wire
by Business Wire0
The Board of Directors of FHLBank Pittsburgh (FHLBank) has approved $24.6 million in awarded grants under the Affordable Housing Program (AHP) and $8 million in awarded grants through a voluntary housing grant initiative. This additional voluntary pool of funding for 2023, which is separate and distinct from FHLBank’s required, statutory......
Infosys and Better Collaborate to Offer Mortgage as a Service
Mortgage News

Infosys and Better Collaborate to Offer Mortgage as a Service

PR Newswire
by PR Newswire0
An integrated technology & operations white-labelled AI-driven platform to help banks and credit unions provide their customers seamless digital mortgage and home equity loan experiences Infosys, a global leader in next-generation digital services and consulting, announced a collaboration with Better Home & Finance Holding Company, a leading digital-first homeownership company,......
Approximately Five Million New Borrowers to Gain Access to Mortgage Market Using VantageScore 4.0
Mortgage News

Approximately Five Million New Borrowers to Gain Access to Mortgage Market Using VantageScore 4.0

PR Newswire
by PR Newswire0
New Research Indicates Lenders Could Originate Up To $1 Trillion In New High-Quality Mortgage Loans Adoption of VantageScore 4.0 Helps Address the Racial Homeownership Gap While Improving Predictive Performance VantageScore released research on the quantitative impact of requiring VantageScore 4.0 credit scores, as mandated by the Federal regulator, for all Government-Sponsored Enterprise......
Redfin Reports 2023 on Pace For Fewest Home Sales Since 2008 As Mortgage Rates Hit 8%
Banking Finance News

Redfin Reports 2023 on Pace For Fewest Home Sales Since 2008 As Mortgage Rates Hit 8%

Business Wire
by Business Wire0
Redfin economists say this is likely to be the slowest sales year since the Great Recession as persistently high mortgage rates and low inventory spook buyers This year is likely to end with roughly 4.1 million existing home sales nationwide, the fewest since the housing bubble burst in 2008 after......
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