August 15, 2024 – Mortgage News, Mortgage Rates
With President Biden stepping out of the 2024 presidential race, Vice President Kamala Harris has become the focus of recent news. As Harris gears up for her presidential run, her financial decisions, including her mortgage choices, are being closely examined. One notable detail is her use of a 7-year adjustable-rate mortgage (ARM) with an…
The following post is mostly applicable to real estate agents
Dear Real Estate Partners,
I received an email earlier today from a lender with whom I’ve been working for over ten years. They suggested that we email this important information to our realtor partners, with the link to NAR’s post and video. Here it goes:
Today’s Important Message:
For once. For the first time in recorded…
(Reuters) – Banks are foreclosing on America’s churches in record numbers as lenders increasingly lose patience with religious facilities that have defaulted on their mortgages, according to new data.
The surge in church foreclosures represents a new wave of distressed property seizures triggered by the 2008 financial crash, analysts say, with many banks no longer willing to grant struggling…