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Zillow Faces Lawsuits After Shuttering iBuying Business

Zillow Faces Lawsuits After Shuttering iBuying Business

Friday, 03 December 2021
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Zillow has been hit with a pair of shareholder lawsuits claiming that the online real estate company misled investors about the strength of its recently scrapped iBuying business. So reports Realty Biz News. Read more...
Mortgage Rates Hold Mostly Steady Amid Omicron, Fed Worries

Mortgage Rates Hold Mostly Steady Amid Omicron, Fed Worries

Friday, 03 December 2021
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Long-term mortgage rates have hovered nearly in place during a week when the first U.S. case of the Omicron variant was found and the Federal Reserve suggested that it would begin tightening credit sooner than previously indicated. So reports MarketWatch. Read more...
It’s Official: FHFA Confirms Loan Limit Boost to Almost $1M

It’s Official: FHFA Confirms Loan Limit Boost to Almost $1M

Friday, 03 December 2021
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The Federal Housing Finance Agency has announced a widely predicted increase in conforming loan limits that raises the size of loans that the federal government will back to nearly $1 million in high-cost areas. So reports Fox Business. Read more...
Bodnar of MMG: What's Next After a Crazy Week?

Bodnar of MMG: What's Next After a Crazy Week?

Thursday, 02 December 2021
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Bill Bodnar of The Mortgage Market Guide (MMG) shares his thoughts on the crazy week with Omicron and the Fed Chair flip flopping on inflation and speeding up the tapering. Read more...
Bodnar of MMG: What Omicron Means for You, Clients and Partners

Bodnar of MMG: What Omicron Means for You, Clients and Partners

Sunday, 28 November 2021
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In response to the emergence of Omicron, also known as B.1.1.529, a new and potentially more transmissible COVID variant, home loan rates improved from the highest levels of 2021. That's according to Bill Bodnar of The Mortgage Market Guide.  Read more...
FHFA Is Expected to Raise Loan Limits to Nearly $1M

FHFA Is Expected to Raise Loan Limits to Nearly $1M

Sunday, 28 November 2021
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The federal government will soon begin backing home loans of almost $1 million, experts have predicted. So reports CNN. Read more...
Mortgage Rates Rise to 3.1% Amid Uptick in Inflation

Mortgage Rates Rise to 3.1% Amid Uptick in Inflation

Sunday, 28 November 2021
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After a one-week decline, U.S. long-term mortgage rates have continued their recent march upward from historic lows. So reports MarketWatch. Read more...
Cooling Refinance Demand Drags Down Mortgage Activity

Cooling Refinance Demand Drags Down Mortgage Activity

Sunday, 28 November 2021
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Demand for mortgages, particularly refinances, has kept declining as mortgage rates recover. So reports CNBC. Read more...
62% of U.S. Consumers Open to Buying a Home at Auction: Survey

62% of U.S. Consumers Open to Buying a Home at Auction: Survey

Sunday, 28 November 2021
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With more homes predicted to hit the auction market following the expiration of the foreclosure moratorium, new survey results suggest that most consumers would weigh the option of buying a home at auction. That’s according to a press release from digital mortgage service provider ServiceLink. Read more...
GSEs’ RefiNow and RefiPossible Programs Target More Buyers

GSEs’ RefiNow and RefiPossible Programs Target More Buyers

Sunday, 14 November 2021
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Fannie Mae and Freddie Mac recently launched initiatives, called RefiNow and RefiPossible respectively, aimed at low- to moderate-income borrowers who might not be able to find competitive rates otherwise. So reports CNBC. Read more...

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