Dear Monty: 3 ways to buy a home with no down-payment and marginal credit – St. James Plaindealer

Richard Montgomery More Content Now Tuesday Apr 16, 2019 at 8:40 AM Apr 16, 2019 at 8:40 AM Reader question: Can I buy a home with no down payment and marginal credit? I have been working a good job for over two years. I had several years of a bad road earlier. Do you have any advice? Monty’s answer: For any person to buy property

No-income, no-asset mortgages are back (at one lender, at least) – HousingWire

Back in the Wild, Wild West era of mortgage lending before the housing crisis, NINJA loans (loans given to borrowers with no income, no job, and no assets required) became quite the rage. NINJA loans have disappeared from the market, likely never to be seen again, but one lender is about to bring back a

Housing market remains sluggish in Canada despite March rebound – National Mortgage News

Canadian home sales and prices rebounded in March from a dismal showing a month earlier, but remained below historical averages. Home sales rose 0.9% nationally while the benchmark price rose 0.8%, the Canadian Real Estate Association said Monday from Ottawa. While the results are an improvement from February, both sales and prices were down from

U.S. mortgage lenders are 73% more likely to deny gay borrowers – National Mortgage News

Gay couples are a lot less likely to be approved for a home loan, and they pay more for the mortgages they do get, according to a new analysis of more than 30 million U.S. home loans from 1990 to 2015. Bloomberg News Same-sex partners were 73% more likely to be denied a loan than

Mortgage rates today, April 16, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy – The Mortgage Reports

What’s driving current mortgage rates? Average mortgage rates unexpectedly moved upwards yesterday. The markets to which they’re usually tied remained fairly flat, hence our prediction. But lenders who hadn’t gotten around to changing their rate sheets on Friday afternoon did so on Monday morning, creating the rise. All this means rates are now near their

Lower rates boost BofA mortgage lending, but cut home equity – National Mortgage News

Lower interest rates increased Bank of America’s first-quarter residential mortgage volume by 21% over the previous year, while home equity dropped by 25%. The bank originated $11.46 billion during the quarter, including $8.16 billion in its consumer banking unit. The rest came from its global wealth and investment management segment. In the fourth quarter, B

Report: Destiny USA may default on its mortgage – syracuse.com

Syracuse, N.Y. — Destiny USA, one of the largest malls in the nation, is struggling to pay its mortgage, according to a published report. The Wall Street Journal said Tuesday the Syracuse shopping mall’s mortgage was recently taken over by a special servicer, a company that deals with defaults or renegotiations of loan terms. The

Cain fades for the Fed – Politico

.cms-textAlign-lefttext-align:left;.cms-textAlign-centertext-align:center;.cms-textAlign-righttext-align:right;.cms-magazineStyles-smallCapsfont-variant:small-caps; Editor’s Note: This edition of Morning Money is published weekdays at 8 a.m. POLITICO Pro Financial Services subscribers hold exclusive early access to the newsletter each morning at 5:15 a.m. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here. QUICK FIX Cain fading for Fed — MM

Here's How to Profit From Falling Mortgage Rates – Motley Fool

Mortgage rates have pulled back sharply in recent months after the Federal Reserve backed away from its plan to raise interest rates later this year. This has provided a powerful boost to the $33.3 trillion U.S. housing industry by increasing the affordability of homes. The following stocks can provide you with the means to profit from these trends.

Senior HUD official named FHFA deputy director – National Mortgage News

WASHINGTON — Adolfo Marzol, a senior official at the Department of Housing and Urban Development, has been named the principal deputy director of the Federal Housing Finance Agency. Marzol, who has served as the senior adviser for housing to HUD Secretary Ben Carson for two years, will report to Mark Calabria — the newly sworn-in