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Tag: home equity

National Bank says its mortgage clients remain “resilient” with $1 billion worth of excess liquidity – Mortgage Rates & Mortgage Broker News in Canada

National Bank reports that its mortgage clients have been resilient in the face of sharply higher interest rates, thanks in part to high levels...

Pros and Cons of Waiting to Buy a Home

Buying a home is full of questions. Should we? Shouldn’t we? Can I afford to? Can I afford not to? All these questions are...

DOJ announces $9M settlement with Washington Trust Company in redlining case

Rhode Island-based chartered bank Washington Trust Company has agreed to pay $9 million to settle a redlining case with the U.S. Department of Justice (DOJ), the parties announced Wednesday....

CFPB report lists top 10 reverse mortgage lenders in 2022

The Consumer Financial Protection Bureau (CFPB) on Wednesday released its annual report on residential mortgage lending activity and trends. While the vast majority of...

How to Compare HELOCs From One Lender to the Next – The Truth About Mortgage

Over the past year or so, home equity lines of credit (HELOCs) have become a lot more popular.As a quick refresher, HELOCs are typically...

Tokenized Real World Assets (RWA): Where are they now?

There is nothing in the world that is more scrutinized than money. How could it not be when money relays information on the value...

Ginnie Mae changes HMBS pool eligibility requirements to address liquidity challenges

The Government National Mortgage Association (Ginnie Mae) on Friday announced a new policy for its Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program, now...

BIO Vice Chair John Crowley to Congress: IRA reduces access to innovative drugs

Drug price controls in the Inflation Reduction Act (IRA) harm the development of new drugs, according to Sept. 20 testimony in Congress from John...

The Nuts and Bolts of SBA 7(a) Loans | A Simple Model

If you’ve read the previous post introducing SBA 7(a) loans as a potential funding source for buying a business, you may want more details...

Home buying affordability lowest since 1984, Black Knight says

Home buyers taking on record-high monthly payments also lost out on additional nearly $200 billion in equity because of soaring mortgage rates, according to...

Q&A: ChatGPT on reverse mortgage product features and safety

The rise of artificial intelligence (A.I.) and its utility in daily life is fast-evolving and disruptive, but also comes with complicated ethical questions for...

Mortgage demand drops to 27-year low as interest rates pull back

A "For Sale" sign is displayed in front of a home on August 30, 2023 in Los Angeles, California.Mario Tama | Getty ImagesAfter rising...

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