mortgages

A mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

Source: en.wikipedia.org

NY Seeks Fairer Lending From Nonbank Mortgage Companies
NY Seeks Fairer Lending From Nonbank Mortgage Companies
December 17, 2024  |  Regulation

New York’s financial watchdog has proposed new measures governing nonbank mortgage lenders. The New York State Department of Financial Services (DFS) says this new regulation would ensure these lenders...

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Citi Invests in Mortgage Infrastructure Provider Pylon
Citi Invests in Mortgage Infrastructure Provider Pylon
November 26, 2024  |  Investments

Citi made a minority investment in mortgage infrastructure provider Pylon. In addition, the companies are working together to provide Pylon customers with direct access to...

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Credit Crunch Crushes Dreams: Millions Face Loan Rejections, NY Fed Reports
Credit Crunch Crushes Dreams: Millions Face Loan Rejections, NY Fed Reports
November 20, 2024  |  Debt

Credit is getting harder to come by, especially for auto loans, mortgages and those with low credit scores. Amid an environment where lenders are tightening,...

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Fed: Household Debt Nears $18 Trillion as Delinquencies Pressure Consumers
Fed: Household Debt Nears $18 Trillion as Delinquencies Pressure Consumers
November 13, 2024  |  Economy

New government data shows American consumer debt continuing to grow. The Federal Reserve Bank of New York’s Center for Microeconomic Data released its Quarterly Report on...

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Homebuyers Getting Older as Younger Consumers Barred From Housing Market
Homebuyers Getting Older as Younger Consumers Barred From Housing Market
November 04, 2024  |  Real Estate

The typical American homebuyer is older than ever before, National Association of Realtors data shows.  The association’s 2024 Profile of Home Buyers and Sellers —...

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Fannie Mae Upgrades Outlook on US Economy
Fannie Mae Upgrades Outlook on US Economy
October 17, 2024  |  Economy

America’s economy is in a better place than previously thought, new Fannie Mae research shows. The mortgage company’s Economic and Strategic Research (ESR) Group released these findings Thursday (Oct....

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UK’s Smaller Banks Could Benefit From New Capital Rules
UK’s Smaller Banks Could Benefit From New Capital Rules
September 12, 2024  |  Banking

New capital requirements could help Great Britain’s smaller lenders compete in the country’s mortgage market. That’s according to a report published by Reuters on Thursday...

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HomeLight Raises $20 Million to Expand Bridge Loan Product
HomeLight Raises $20 Million to Expand Bridge Loan Product
August 26, 2024  |  Real Estate

Real estate technology platform HomeLight has raised $20 million of new funding to help expand its bridge loan product that helps homebuyers unlock equity from their existing...

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CFPB Proposes Rule Requiring Mortgage Servicers to Help Struggling Homeowners
CFPB Proposes Rule Requiring Mortgage Servicers to Help Struggling Homeowners
July 10, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) aims to require mortgage servicers to do more to help struggling homeowners before foreclosing. The regulator issued a proposed...

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