More Americans are renting now than at any time during the last half century – largely because many simply can’t afford a mortgage payment on the average home
Canadian buyers help drive a 49% surge
The acquisition is the first in GenEquity's history, which is licensed in 19 states.
In a heated, four-hour hearing, Congress grilled the FHFA director over his agency’s efforts to help more people obtain a mortgage. The GOP fears new housing policies will lead to another crash while Democrats say they are necessary.
Although home prices are rising faster in urban neighborhoods, population is growing faster in suburban neighborhoods. Consumer preferences and the aging of the population are tailwinds for suburban growth; so are falling oil prices if they stay low long-term.
With the addition of three new managing partners, Bayshore Mortgage Funding has launched a reverse mortgage division.
The first wave of homeowners who lost their home to foreclosure or short sale during the foreclosure crisis are now past the seven-year window: millions more are expected to follow.
Ocwen has denied accusations that the company's practices created defaults on $82 billion of home loans and said the allegations are baseless.