Author: badmortgage
The number of homes that went under contract in March rose 4.6% year over year, according to Zillow. That jump comes even as mortgage rates rose steadily amid new fears about oil prices and inflation. Rates started the month below 6%, a multiyear low, but were at 6.38% by month-end, per Freddie Mac data. Deals under contract can fall through before a sale is actually recorded. Still, there are other signs that the housing market is perking up. Active inventory was up 4.2% from a year earlier, meaning sellers are willing to test the waters and buyers have more options.…
Seizing the Opportunity Delaying a home purchase isn’t just about missing appreciation. It’s about seizing the opportunities that present themselves. Many military markets have strong rental demand, so Veterans can rent out a property or reuse their VA entitlement later. So the trick is structuring the loan correctly to make sure the housing payment fits their life today. That’s where strategy meets flexibility, something too few borrowers are guided on. And something we are uniquely qualified to deliver. Building VA Loans with Flexibility in Mind At World Home Loans, every VA loan we structure is designed to help Veterans build wealth no matter when the next PCS comes. That starts with manageable payments and minimizing out-of-pocket cash, so borrowers preserve liquidity. Competitive pricing…
Hilton Grand Vacations is preparing to sell $400 million in asset-backed securities (ABS) supported by a pool of fixed-rate timeshare loans, with several notable collateral changes.Loans with original balances higher than $100,000 accounted for 16.1% of the pool, down from 20.3% in the 2025-2 pool of the Hilton Grand Vacations Trust, which analysts from Fitch Ratings considered positive credit characteristics.The transaction will issue four tranches of notes, classes A through D, all of which have a legal final maturity of February 2043.Processing ContentWells Fargo Securities is the lead underwriter for the deal, according to Fitch.Fitch assigns AAA, A-, BBB- and…
Prime jumbo mortgage and other non-qualified mortgage (NQM) delinquencies have jumped year-over-year, driven primarily by the 2023 vintage, according to February remittance data recently reported by Fitch Ratings.For now, however, the changes represent a reversion to the norm rather than a significant concern. The recent uptick in delinquencies brings it more in line with our expectations. Court Lake, senior director, Fitch Ratings On the prime jumbo front, delinquencies of 30 days or more rose 1.09%, or 22 basis points, while delinquencies of 90 days or more increased 0.49%, or 15 bps. The broader NQM sector, meanwhile, saw a significantly higher…
VNET Group Inc. agreed to pay almost $5.88 million to resolve investor allegations that the data center company covered up a controlling shareholder’s loan default and the default’s potential effect.The US District Court for the Southern District of New York should certify a settlement class of those who acquired VNET American depositary shares from March 23, 2022, through Feb. 17, 2023, investors said while seeking preliminary approval of the deal April 3. US investors had adequately alleged statements about the debt agreement were misleading and the necessary level of intent by executives for securities fraud claims, Judge Dale E. …
SOME CARD INFO MAY BE OUTDATED This page includes information about these cards, currently unavailable on NerdWallet. The information has been collected by NerdWallet and has not been provided or reviewed by the card issuer. News about the Iran conflict has been so mixed that you can pick and choose whether to look at the positives (possible ceasefire negotiations) or the negatives (potential escalation of attacks). Lately, the market’s been trying hard to focus on the sunny side, and that’s helped mortgage rates move lower.The average interest rate on a 30-year, fixed-rate mortgage ticked down to 6.26% APR, according to…
Massive cuts by the Trump administration have seriously diminished the Consumer Financial Protection Bureau’s (CFPB) oversight of credit bureaus, according to a new ProPublica report. Launched in the wake of the 2008 financial crisis, the CFPB was designed as an independent agency tasked with enforcing consumer regulations for credit card companies, mortgage servicers and other financial institutions — including Experian, Equifax and TransUnion, the “Big 3” credit reporting bureaus that generate credit reports used to determine credit scores. Since Trump’s second term, however, the CFPB’s budget has been nearly halved, and the administration has sought approval to dismiss more than 90% of its…
Rocket overtakes UWM in 2025 HMDA loan count Skip to content © 2006-2026 HW Media, LLC. All rights reserved.Powered by WordPress VIP What’s New?Updated 2 minutes agoYour FeedLatest
The conflict that began in Iran at the end of February has had consequences far beyond the Middle East. American consumers are absorbing the cost of war in their everyday lives, from gas stations to grocery stores. Especially, for many potential home buyers, the impact on mortgage rates has been particularly painful with immediate consequences. Just two days before the strikes began, Freddie Mac reported the national average rate on a 30-year-fixed-rate mortgage had dipped to 5.98%, its lowest point in three and a half years. Unfortunately, that milestone lasted less than 72 hours. Almost immediately after the war with…
Your bank isn’t the only place to keep your money, and a lot of people are starting to figure that out. Credit unions added 2.4 million members last year, bringing total membership to 144.7 million, according to the National Credit Union Administration.Unlike traditional banks, credit unions stand out for being customer-centric since they’re member-owned and not-for-profit institutions. Instead of profits going to shareholders, profits at credit unions benefit its members in the form of lower fees, better rates and higher savings yields.Here’s a look at the top credit unions for every need.When you need a checking accountAlliant Credit Union’s High-Rate…