The first-ever DREAM transaction has closed with owners of a Chicago home receiving a check for over $41,000 to help pay down a portion of the principal on their existing mortgage. Processing Content The funds reduce the amount of principal the borrowers pay, but the note holder still receives the full sum. In turn, this […]
First closing of principal discount tool gives banks, CUs a lock-in exit Read More »
Equifax Inc. said the Iran war prompted more caution about the outlook for the rest of the year, even after a surge in mortgage applications drove first-quarter revenue growth to the fastest in more than four years. Processing Content The credit reporting company maintained its full-year local currency revenue growth forecast, pointing to a slowdown
Equifax sticks to 2026 outlook as Iran War brings caution Read More »
With mortgage rates at their lowest March level in years, home sales surged last month, new industry data shows. Processing Content March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax’s latest national housing report. Sales were up 3.4% compared to last year. “March’s increase in sales
Home sales soared in March before rates climbed back up Read More »