Stories Tagged as
Mortgages
Some good housing news? Foreclosures are down 24% from the same time a year ago
May 30, 2024
The wave that hit after the pandemic foreclosure moratorium first lifted has generally worked its way through the system.
Delinquency rates rise for some types of household debt
by
Justin Ho
Jan 8, 2024
But other positive factors in the economy are limiting the potential damage, economists say, like low unemployment.
Is cost of housing the culprit for pessimism about economy?
Dec 12, 2023
Inflation dipped slightly, but housing remains the biggest driver of rising prices.
Loan applications are down, rejections are up. This could be good for taming inflation.
Nov 20, 2023
The application rate for any kind of credit dropped to just over 41% this year from nearly 45% in 2022, according to a Fed survey.
More people are falling behind on debt, but fewer are in collections
Nov 8, 2023
Just before the pandemic, the New York Fed found that about 9% of people had bills that ended up in collections. Now, less than 5% do.
Mortgages are still in demand. Qualifying for one is a different story.
by
Justin Ho
Sep 29, 2023
Pending home sales fell more than 7% in August, according to the National Association of Realtors. While demand for homes is still high, people are having a harder time qualifying for mortgages — and that's intensifying demand for cheaper homes.
Islamic home financing expanding in the U.S., opening doors for Muslim homebuyers
by
Ari Snider
Sep 18, 2023
Islamic finance offers alternatives to conventional loans and mortgages to comply with a religious prohibition on interest, which is seen as financial exploitation.
For public good, not for profit.
"Date the rate, marry the house": The lure of refinancing when buying a home
by
Matt Levin
Aug 22, 2023
Mortgage rates are still high, but some real estate agents have been citing an old refrain: "You can always refinance." Except, others say, when you can't
How interest-only mortgages can be risky for borrowers and lenders
May 2, 2023
These mortgages were key to the economic climate that led to the 2008 financial crisis. First Republic had a lot of them.
Businesses and consumers are borrowing more, despite rising interest rates
by
Justin Ho
Mar 1, 2023
Total loan balances rose from last quarter and year over year, according to the FDIC. There are good reasons to borrow now.