Mortgage News

• Mortgage lenders axe 10-year fixed-rate deals denying homeowners the chance to lock in deals
  
  Banks and building societies have pulled hundreds more home loans to reprice them at higher rates, fuelled by fears of further borrowing cost rises..
  Daily Mail.  Saturday, 10 Jun 2023.
• Invesco Mortgage Capital (IVR) Outpaces Stock Market Gains: What You Should Know
  
  Invesco Mortgage Capital (IVR) closed at $10.74 in the latest trading session, marking a +1.51% move from the prior day.
  Zacks.  Friday, 9 Jun 2023.
• Mogul tied to Texas AG Ken Paxton's impeachment scandal is indicted
  
  Real estate developer Nate Paul, 36, was charged Friday with eight counts of making false statements while seeking loans from mortgage lenders in 2017 and 2018.
  Daily Mail.  Friday, 9 Jun 2023.
• Businessman at center of Texas AG scandal charged in federal case
  
  Nate Paul was charged with making false statements to mortgage lenders to obtain $172 million in loans.
  CBS News.  Friday, 9 Jun 2023.
• HSBC pulls some UK mortgage deals as fears of rising rates hits home buyers once more
  
  Analysts expect mortgage rates to soar and housing prices to plummet in the U.K., as the effect of higher interest rates ripples through the British housing market.
  CNBC.  Friday, 9 Jun 2023.
• HSBC withdraws mortgage deals for new borrowers
  
  The bank said on Thursday it would temporarily pull new deals, indicating mortgage market pressures.
  BBC News.  Friday, 9 Jun 2023.
• Blackstone Mortgage Trust (BXMT) Gains But Lags Market: What You Should Know
  
  In the latest trading session, Blackstone Mortgage Trust (BXMT) closed at $19.86, marking a +0.35% move from the previous day.
  Zacks.  Thursday, 8 Jun 2023.
• Better.com lays off in-house real estate agents nationwide
  
  Troubled mortgage lender had touted Better Real Estate as a crucial component of its plans to build out an integrated end-to-end technology platform.
  Inman.  Thursday, 8 Jun 2023.
• Homeowners lose equity for 1st time in over a decade: Report
  
  The typical U.S. homeowner with a mortgage lost about $5,400 in equity in the first quarter of 2023 compared to a year earlier, CoreLogic said.
  Inman.  Thursday, 8 Jun 2023.
• Mortgage demand drops despite rates coming off recent highs
  
  Mortgage rates fell back from their recent highs, but demand dropped for the fourth straight week.
  CNBC.  Wednesday, 7 Jun 2023.
• House prices in first annual fall for 11 years, says the Halifax
  
  The UK's biggest mortgage lender says rising borrowing costs are affecting confidence.
  BBC News.  Wednesday, 7 Jun 2023.
• House prices record first annual fall in more than a decade
  
  The UK has recorded its first annual contraction in house prices in more than 10 years after rising interest rates piled pressure on mortgage borrowers, new research from Halifax shows.
  Sky News.  Wednesday, 7 Jun 2023.
• Thinking About Prepaying Your Mortgage? Think Again
  
  The challenge is that there is no simple answer because it varies depending on the terms of your current mortgage, your personal financial situation, philosophy, and ...
  Forbes.  Tuesday, 6 Jun 2023.
• Dem Senate Candidate Obtained Special Mortgage For D.C. Home Despite Claiming Arizona As His Primary Residence
  
  The mortgage has beneficial terms, including a waiver of down payments
  Daily Caller.  Monday, 5 Jun 2023.
• Number of mortgages on the market at three-month low
  
  The number of mortgage products on the market has reached a three-month low. Expected higher interest rates have led to market instability and caused lenders to pull products from the market.
  Sky News.  Monday, 5 Jun 2023.

News Headlines and News Summaries