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

Fed: Household Debt Nears $18 Trillion as Delinquencies Pressure Consumers

Fed: Household Debt Nears $18 Trillion as Delinquencies Pressure Consumers
Fed: Household Debt Nears $18 Trillion as Delinquencies Pressure Consumers
November 13, 2024  |  Economy

New government data shows American consumer debt continuing to grow. The Federal Reserve Bank of New York’s Center for Microeconomic Data released its Quarterly Report on...

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Homebuyers Getting Older as Younger Consumers Barred From Housing Market
Homebuyers Getting Older as Younger Consumers Barred From Housing Market
November 04, 2024  |  Real Estate

The typical American homebuyer is older than ever before, National Association of Realtors data shows.  The association’s 2024 Profile of Home Buyers and Sellers —...

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Fannie Mae Upgrades Outlook on US Economy
Fannie Mae Upgrades Outlook on US Economy
October 17, 2024  |  Economy

America’s economy is in a better place than previously thought, new Fannie Mae research shows. The mortgage company’s Economic and Strategic Research (ESR) Group released these findings Thursday (Oct....

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UK’s Smaller Banks Could Benefit From New Capital Rules
UK’s Smaller Banks Could Benefit From New Capital Rules
September 12, 2024  |  Banking

New capital requirements could help Great Britain’s smaller lenders compete in the country’s mortgage market. That’s according to a report published by Reuters on Thursday...

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HomeLight Raises $20 Million to Expand Bridge Loan Product
HomeLight Raises $20 Million to Expand Bridge Loan Product
August 26, 2024  |  Real Estate

Real estate technology platform HomeLight has raised $20 million of new funding to help expand its bridge loan product that helps homebuyers unlock equity from their existing...

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CFPB Proposes Rule Requiring Mortgage Servicers to Help Struggling Homeowners
CFPB Proposes Rule Requiring Mortgage Servicers to Help Struggling Homeowners
July 10, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) aims to require mortgage servicers to do more to help struggling homeowners before foreclosing. The regulator issued a proposed...

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Inter Focuses on Brazilian Migrants to Drive US Growth
Inter Focuses on Brazilian Migrants to Drive US Growth
June 05, 2024  |  Business

Brazilian online lender Inter&Co is expanding its efforts in the United States, with a focus on replicating its success in Brazil’s online banking sector. With a...

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CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
June 04, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or unenforceable terms” in contracts’ fine print. “Companies use this fine print tactic...

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