Mortgage bond prices finished the week significantly lower which put upward pressure on rates. Rates worsened most days with some slight respites Wednesday afternoon and Thursday afternoon. The fear of inflation dominated trading. The Fed left rates unchanged and signaled
Eleven defendants have pleaded guilty to conspiracy to defraud the United States in a mortgage fraud scheme spanning more than four years and resulting in the approval of more than 100 mortgages based on fabricated documents and false information. Many
Rent price declines have typically been sharpest in the most-expensive areas, meaning less savings for lower-income renters who were hit the hardest by the pandemic
– U.S. rents grew for the second month in a row, another sign the
The number of homes for sale fell 42% compared with the last four weeks before the 2020 coronavirus shutdowns began
The median home sale price increased 17% year over year to $330,250—an all-time high—according to
Sheffield Financial and Kawasaki Motors Corp., U.S.A. announce a renewed multiyear retail financing program contractMortgage Ledger Staff2021-03-19T15:02:18-04:00
Sheffield Financial, a division of Truist Bank, and Kawasaki Motors Corp., U.S.A. (Kawasaki), recently agreed to a multiyear financing services program agreement.
Since 2009, Sheffield has provided Kawasaki customers with innovative financing solutions through Kawasaki’s independent network of powersports dealers.
“Our long-standing relationship with
The newly enacted child tax credit has the potential to reduce the number of rent-burdened households with children by nearly 9%
The newly enacted child tax credit, which will put an average of $221 per month
Zillow survey results show Americans are confused about factors affecting their credit
– In a recent quiz on what impacts credit scores, the average American answered just 2 out of 5 questions correctly, with older test takers likelier to
Real-time payroll income verification improves underwriting, reduces risk
Freddie Mac (OTCQB: FMCC) announced today that automated payroll income verification is broadly available to lenders so they can reduce the documentation burden on borrowers, close loans faster and
MBA RIHA Study Finds Affordability a Growing Challenge for Low- and Moderate-Income Renters in a Majority of Top 50 Metro AreasMortgage Ledger Staff2021-03-18T13:03:14-04:00
Home prices and rent appreciation have exceeded income growth since the turn of the 21st century. This has created economic obstacles for many American households, especially for low- and moderate-income (LMI) renters living in cities with recent employment growth but
Robert Morgan, Todd Morgan, Frank Giacobbe, and Michael Tremiti, have been charged with conspiracy to commit wire fraud and bank fraud for their roles in a wide-ranging mortgage fraud scheme.
According to the indictment, between 2007 and January 2019, the defendants conspired with Kevin Morgan, Patrick