Tag Archives: Borrowers

Nationwide, the average payment on a new mortgage is now $2,317 a month, according to a report from LendingTree, with monthly mortgage payments the most expensive in Hawaii, California, and Massachusetts.

According to a new CFPB survey, more families are having difficulty paying their bills in 2022 than in 2021, while Black, Hispanic, and low-income households are far more likely to have difficulty paying bills and debts.

A recent announcement revealed HUD, through the Federal Housing Administration, will allow private flood insurance policies on insured single-family mortgages in special flood hazard areas.

The FHFA's foreclosure analysis for July 2022 revealed the total number of loans in forbearance is trending downward from its peak in May, with nearly 85,000 loans in forbearance nationwide, while total refinance volume and mortgage rates also decreased in the same month.

As fewer buyers become unable to afford higher home mortgage costs, a new CoreLogic analysis revealed that rising interest rates and higher home prices continue to wear at homebuyer affordability. As a result, the diminishing demand from borrowers may lead ...

The Consumer Financial Protection Bureau (CFPB) has recently published an advisory opinion to affirm that the Equal Credit Opportunity Act (ECOA) bars lenders from discriminating against customers after they have received a loan, not just during the application process. “The ...

As homeowners and other borrowers seek debt relief during the coronavirus pandemic, America’s four largest banks report at least $151.5 billion in loans with payments in deferral at midyear.

Finicity's new Verification of Income and Employment (VOIE) solution will speed up borrower verifications and advance the industry's shift to become fully digital.

Simplist's next-generation platform seeks to enhance transparency, affordability, and access for borrowers spanning diverse backgrounds.

Mortgage Cadence's updated capabilities powered by DataVerify will provide additional data verification, fraud prevention, and compliance assistance to lenders.