Category: Mortgage News

The Coming Storm? Analyzing 2024’s Delinquency Data

November 20, 2024

Soaring auto and credit card defaults signal economic risks ahead, despite strong housing market performance.

High Credit Scores, Low Foreclosures, and the Affordability Puzzle

November 19, 2024

Despite low foreclosures and strong employment, today’s mortgage market restricts access through high credit requirements and interest rates, creating an affordability crisis for new buyers.

Experience Counts – A Craftsman’s Approach to Mortgages w/ Scott Osborn

November 11, 2024

The Formula Mortgage Capital Corporation team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area.

The Hidden Opportunity in America’s Rental Surge: A Lending Perspective

November 11, 2024

The latest housing data reveals rental households growing three times faster than homeowner households, but beneath this challenging statistic lies a golden opportunity for lenders who know where to look.

Outlook: Mortgage Rates, Home Prices & A City of Kindness

November 8, 2024

As rates increase and mortgage applications drop, can we still be optimistic?

Modern-Day Redlining? CFPB vs. Townstone

November 6, 2024

In a controversial CFPB settlement, Chicago-based Townstone Financial faced modern-day redlining charges over radio show hosts’ childhood grocery store memories, while industry-standard loan pricing adjustments that systematically affect borrower costs based on credit scores and loan-to-value ratios remain unchallenged.