mortgages

A mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

Source: en.wikipedia.org

About 1M Homeowners Could Face Foreclosure
About 1M Homeowners Could Face Foreclosure
September 17, 2020  |  Loans

Approximately one million homeowners are at risk of losing their homes through foreclosure despite the safety net established by Congress at the start of the...

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Will US Homeowners Manage To Avoid Falling Off A Mortgage Forbearance Cliff?
Will US Homeowners Manage To Avoid Falling Off A Mortgage Forbearance Cliff?
September 14, 2020  |  Loans

When Congress first passed the CARES Act earlier this year to ameliorate COVID-19’s economic havoc, U.S. homeowners with mortgages on their properties were among the...

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Blend CEO: Why Mortgage Lending Needs More Data, Not More Documents
Blend CEO: Why Mortgage Lending Needs More Data, Not More Documents
August 31, 2020  |  Real Estate

The great digital shift might upend the way we get mortgages, transforming a $2.1 trillion industry weighed down by time-consuming processes to one that is...

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Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
August 25, 2020  |  Loans

Mortgage lenders, seeking to keep losses low, are asking homebuyers if they plan to seek forbearance due to the current economic crisis, The Wall Street...

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Q2 Mortgage Delinquency Rate Highest In 9 Years
Q2 Mortgage Delinquency Rate Highest In 9 Years
August 17, 2020  |  Loans

Mortgage loans saw delinquency rates spiking in the second quarter of the year as the pandemic continued, according to a press release from the Mortgage...

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Retailers Using Chapter 11 To Break Lease Agreements
Retailers Using Chapter 11 To Break Lease Agreements
August 07, 2020  |  Retail

Companies that have filed for Chapter 11 bankruptcy are using the court protection to end long-term lease agreements early and close thousands of stores, reported...

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Rocket Cos. Shares Rise 19 Pct On IPO Debut
Rocket Cos. Shares Rise 19 Pct On IPO Debut
August 06, 2020  |  IPO

It appears that billionaire Daniel Gilbert, the 58-year-old founder of Quicken Loans and Rocket Mortgage, made the right call when he trimmed the size of the company’s...

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40M Americans Could Be Evicted Due To Pandemic
40M Americans Could Be Evicted Due To Pandemic
July 30, 2020  |  Economy

With the pandemic still ongoing, as many as 40 million Americans may end up losing their homes, according to CNBC. Get the Full Story Complete...

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Mortgage Applications Drop Again, But Refis Remain Strong
Mortgage Applications Drop Again, But Refis Remain Strong
July 29, 2020  |  Real Estate

Home loan applications overall fell 0.8 percent last week as rates on FHA loans rose, according to the Mortgage Bankers Association (MBA). Get the Full...

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