Zillow Home Loans Launches 1% Down Mortgages In An Attempt To Compete With Rocket And UWM Zillow Home Loans announces it is launching a 1% Down Payment program. The new Zillow program would allow eligible first-time home buyers to pay as little as 1% down on their next home purchase. Right now, Zillow is only […]
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AmeriFirst Financial Files For Bankruptcy Less than Two Months After The Resuming It’s Forward Origination Business Retail lender AmeriFirst Financial filed for Chapter 11 bankruptcy protection in Delaware. The Amerifirst Financial bankruptcy comes just two months after the company resumed it’s forward mortgage origination business. Amerifirst Financial relaunched its forward mortgage origination business in June.
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The Mortgage Bankers Association Says Mortgage Payments Increased 17% Annually As Homebuyer Affordability Becomes More Challenging The Mortgage Bankers Association says homebuyer affordability remained unchanged in July from June. However, mortgage payments increased 17% from last year. The MBA’s Purchase Applications Payment Index (PAPI) measures how new monthly mortgage payments vary across time. The index
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US Supreme Court Has Told A Coalition Of 27 State GOP Attorneys General To Bugger Off In CFPB Litigation The US Supreme Court has told a coalition of 27 Republican state attorneys general to bugger off. The high court denied their request to join oral arguments against the constitutionality of the Consumer Financial Protection Bureau.
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American Homeowners Grapple with Rising Financial Anxiety. Yet, Many Overlook Vast Home Equity Potential As A Financial Cushion Finance of America Reverse LLC (FAR) has issued a new survey and it says American homeowners are freaking out. The survey shows that nearly 80% of American homeowners grapple emotionally about the state of the U.S. economy.Â
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