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Adjustable rate mortgages, another option for stemming rising rates, accounted for an 8% share of all mortgage applications for the weekly period ending Nov. 18. First-time homebuyers are also attracted to the products which can increase…
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The U.S. housing market pulled back even more in September, with prices slipping 1.2% from a month earlier. It was the third straight decline for the seasonally adjusted measure of prices in 20 large U.S. cities, according to the S&P…
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Carrington Mortgage Services, a non-prime lender and servicer, has been ordered to pay back $5.75 million to the homeowners it “cheated” out of their forbearance and repayment options during the COVID-19 health crisis. An investigation by…
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