Author: badmortgage
Home prices rose 0.1% month over month on a seasonally adjusted basis—the slowest growth in seven months. Prices fell in 16 major metros, with the biggest declines in Jacksonville, FL, Providence, RI and Columbus, OH. Prices rose most in Charlotte, NC, Portland, OR and West Palm Beach, FL. U.S. home prices were little changed from a month earlier in February, rising 0.1% on a seasonally adjusted basis—the slowest growth in seven months. They increased 1.9% year over year. This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes…
Key Takeaways NACA offers mortgages with no down payment, no closing costs, and no credit score requirement. Buyers must complete mandatory workshops, counseling, and pay membership dues. NACA limits where some borrowers can buy, and it often takes longer than traditional loans. NACA can offer the cheapest mortgage terms available to qualified buyers. Check your home buying eligibility with our featured lenders Dreaming of homeownership but worried you can’t afford it? NACA could be the opportunity you’ve been waiting for. With no down payment, no closing costs, and no credit score requirement, the NACA program has helped thousands of buyers—especially…
Trump extends deadline for striking Iran’s energy plants into April
Factbox-APAC governments scramble to assure markets as Middle East war saps confidence
Key Takeaways A reverse mortgage offers tax-free cash during your lifetime, but the loan is due at death, and heirs cannot access additional funds. The federal estate tax exemption will decrease from $13.61 million to about $7 million per person in 2026, potentially subjecting more estates to tax. Life insurance, liquid reserves, and well-structured trusts usually offer more reliable estate tax funding than relying on heirs to secure financing after death. See if you qualify for a reverse mortgage. Start here With the federal estate tax exemption dropping from $13.61 million in 2025 to about $7 million per person in…
A large pool of mortgages on investment residential properties will secure $296.2 million in residential mortgage-backed securities (RMBS) through the transaction named DRMT 2026-INV2.Processing ContentRCF III TRS is the deal’s sponsor and Deephaven, which focuses on originating and acquiring non-traditional home loans. Selene Finance will service the entire pool, which also received third-party due diligence review, according to Kroll Bond Rating AgencyThe underlying mortgages in DRMT 2026-INV2 were aggregated from multiple lenders and underwritten using alternative documentation sources, including debt service coverage ratio (DSCR) from rental income and 12 to 23 months of bank statements, KBRA said.Full documentation was only…
Noticeably Lighter Volatility. Why? Wed, Mar 25 2026, 4:04 PM Noticeably Lighter Volatility. Why? Wednesday offered a welcome break from the pervasive volatility seen since the start of the Iran war. It was among the narrowest trading ranges of any single day in March, especially during domestic trading hours. This is somewhat surprising considering the preponderance of contradictory newswires and headlines concerning the state of the Iran war (i.e. ceasefire vs more strikes and negotiations vs no communication). If Iran is refuting U.S. claims regarding de-escalation, why would bonds be calmly in stronger territory? Simply put: U.S. claims…
Bonds yields stayed lower than oil prices suggested yesterday afternoon. The same is true this morning, but oil prices have risen enough to lead bonds into weaker territory. Said differently, Iran war de-escalation sentiment is increasingly drying up, thus causing higher oil prices, higher bond yields, and lower stock prices. Additionally, the closer we get to the weekend without good news on negotiations, the more escalation risk will be priced-in by the market due to the Saturday deadline on Trump’s ultimatum to reopen shipping channels lest they be taken by force.
House hunters have the upper hand, allowing them to abandon deals over price, repairs or second thoughts. Cancellations are most common in Tampa and San Antonio, where there are roughly twice as many sellers as buyers. More than 42,000 U.S. home-sale agreements fell through in February, equal to 13.7% of homes that went under contract that month. That’s up from 12.8% a year earlier, and the highest February share in records dating back to 2017. This is based on a Redfin analysis of MLS pending-sales data. The data is seasonal; typically, there’s a higher share of cancellations at the…
BI, Fraud, Non-QM, HELOC Products; Capital Markets; At What Point Do You Verify Something? What’s new out there? Well, United Airlines is talking about having couches in the air. There’s always something new in compliance, and there are firms that specialize in it including Feewise, Truework, Asurity, RiskExec, TENA, ACES Quality Management, Firstline Compliance, and LicensingStore.com listed in the Marketplace. There’s always something new impacting mortgage rates. “Rob, I know that short term rates have gone up more than long term rates. Doesn’t an inverted yield curve, where short term rates are higher than long term rates, portend a…