MARLBORO – Patricia Kelly signed up for affordable housing 2½ years ago, hoping to buy a place of her own where she and her disabled daughter, Jessica, could live with security, steady payments and, finally, their own bedrooms. Last fall, a two-bedroom townhouse came onto the market. Its walls were black. It smelled of cigarette
SALT LAKE CITY — It’s a difficult time for Utah homebuyers as high mortgage rates are keeping some of them on the sidelines. Mortgage rates sat at nearly 7.4% nationally as of Wednesday afternoon, according to Mortgage News Daily. That’s a difference of hundreds of dollars in monthly payments on a typical Utah home compared
Two former New Jersey-based mortgage loan originators have been charged with conspiracy to commit bank fraud by the U.S. Attorney’s Office, District of New Jersey according to an announcement by the U.S. Department of Justice (DOJ) and U.S. Attorney Philip Sellinger. Christopher Gallo has been recognized as a top-producing loan originator, at one point being
At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. Homebuyer demand for purchase loans faltered last week as mortgage rates touched new 2024 highs, spurring more borrowers to opt for adjustable-rate loans,
Mortgage application volume decreased 2.7% during the week ended April 19, as the average rate for a 30-year fixed-rate mortgage increased to 7.24%, up from 7.13% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances decreased 6% compared with the previous week but
The Alabama Association of REALTORS released its monthly Alabama Economic and Real Estate Report for the month of March, showing a continued monthly increase of home sales across the state. “Statistics from our latest report offer every indication that the spring selling season is underway,” said Senia Johnson, 2024 President of Alabama REALTORS. “We remain
Hollywood, Florida–(Newsfile Corp. – April 24, 2024) – A&D Mortgage, a leading mortgage lender, announces AIM, the next evolution of its Partner portal with enhanced AI integration. Short for Artificial Intelligence in Mortgage, AIM is set to revolutionize the mortgage industry, offering an even more streamlined and efficient experience for brokers and borrowers. AIM—Artificial Intelligence
A HOMEOWNER said he has been stuck with $180,000 left to pay on his mortgage despite his older age. David Turoff, 73, explained why he had no regrets about retiring with a mountain of debt. David Turoff said he was stuck with $180,000 in debt as he retired but explained why he had no regrets
Homebuilder NVR, Inc. saw profit growth slow to begin 2024, but results from both construction and mortgage segments point to sustained interest in newly built properties. The parent company of Ryan Homes, NVHomes and Heartland Homes reported net income of $394.3 million for the three months ending March 31, equivalent to $116.41 per diluted share.
Key Takeaways Homebuilder PulteGroup reported better-than-expected first-quarter earnings on Tuesday, with closings increasing 11% as incentives and a shortage of existing homes for sale funneled buyers to new builds. Census Bureau data released Tuesday showed new home sales rose to an annualized rate of 693,000 in March, the most since September. High mortgage rates have