Back in 2021, when mortgage interest rates were plumbing all time-lows, Caitlyn O’Connell and her fiance nearly closed on a home in San Luis Obispo. They backed out of the deal after discovering major issues with mold, she said. Over the course of the next year, the cost of a typical mortgage payment in California increased by as much as 56% in some markets, according to housing data firm Zillow.

Back in 2021, when mortgage interest rates were plumbing all time-lows, Caitlyn O’Connell and her fiance nearly closed on a home in San Luis Obispo. They backed out of the deal after discovering major issues with mold, she said. Over the course of the next year, the cost of a typical mortgage payment in California increased by as much as 56% in some markets, according to housing data firm Zillow.

ATTOM’s January 2023 U.S. Foreclosure Market Report shows there were a total of 31,557 U.S. properties with foreclosure filings, up 36 percent from a year ago, and up 2 percent from the prior month. “The uptick in overall foreclosure filings nationwide points toward a trend that may suggest more increased activity is on the horizon as we enter the new year,” says ATTOM CEO Rob Barber. “While both completed foreclosures and foreclosure starts have stalled slightly over the past month, the annual increase in overall activity seen over the past 21 months may indicate a more substantial trend that could continue into 2023.”

Back in 2021, when mortgage interest rates were plumbing all time-lows, Caitlyn O’Connell and her fiance nearly closed on a home in San Luis Obispo. They backed out of the deal after discovering major issues with mold, she said. Over the course of the next year, the cost of a typical mortgage payment in California increased by as much as 56% in some markets, according to housing data firm Zillow.

Nearly half of all homeowners in the U.S. have equity-rich properties, meaning they own  at least 50% of their homes’ equity, according to ATTOM’s fourth-quarter 2022 U.S. Home Equity & Underwater Report.

Key Takeaways Preciselywhat are current Va mortgage constraints? Up-to-date 2022 Virtual assistant Mortgage Constraints

Finding a place to rent in the Central Okanagan isn’t just hard, it’s also expensive. But none of this is news to those who rent in the region. This week, the Canadian Mortgage Housing Corporation (CMHC) released its yearly report on rental units across the nation.

A good spring ahead?   Affordability has improved in the mortgage market since December, thanks to declines in mortgage rates and a slowdown in home price appreciation.  Here’s a spoiler: Industry experts believe this trend will continue for months, signaling that a good spring is ahead. 

  California-based lender American Pacific Mortgage (APM) announced an asset purchase agreement with retail lender Lend Smart Mortgage on Thursday in its latest move to drum up production across the country. 

  Two months after receiving the Federal Reserve’s approval to merge with New York Community Bank, Michigan-based Flagstar Bank is reducing its footprint in the retail channel and laying off hundreds of staffers, according to laid off employees.