Mortgage News

The mortgage market is a key part of the US economy, as demonstrated by the subprime controversy of 2007 and 2008. To stay up-to-date on this important topic, sign up for the Wiser mortgages news email. The mortgage industry is large with many lenders involved in both the personal residential part of the market, and in providing mortgage loans to business. The number of products is also vast, and includes fixed-rate mortgages and adjustable-rate mortgages. And it is a regulated industry. The regulations aim to protect the interests of mortgage holders as well as to maintain a mortgage market that is stable and healthy. Ongoing changes in the banking sector will continue to have an impact on the market, as will the US economy as it continues to recover from the 2008 financial crisis which was partly caused by bad mortgage lending practices. The Wiser mortgages news email covers the latest movements in interest rates, analysis, and news regarding mortgage providers. If you are interested in mortgages, it will become your go-to resource for the latest news and information, so register today.

Recent Mortgage News Coverage
 
Your Weekly Recommendations Monday, February 19, 2018
 
Recommended for you
Don’t Like Your Mortgage Servicer? Good Luck Trying to Switch
The New York Times • Ron Lieber
Banks Urged to Take On Payday Lenders With Small, Lower-Cost Loans
The New York Times • Ann Carrns
Black and Latino mortgage borrowers still face subtle discrimination at the bank
Christian Science Monitor • Aaron Glantz, Emmanuel Martinez
U.S. home construction jumps amid strong demand
Los Angeles Times • Associated Press
How Home Depot’s Hedging Against A Downturn With Digital
PYMNTS.com • Pymnts
In divorces, a reverse mortgage could help resolve a big problem
Washington Post • Benny L. Kass
Housing starts rebound as building permits rise to the highest level since 2007
CNBC • Getty Images
The daily business briefing: February 16, 2018
The Week • Harold Maass
NepFin Finds White Space In Middle-Market Lending
PYMNTS.com • Pymnts
Pricey personal loans would be outlawed by bill that would reshape state lending industry
Los Angeles Times • James Rufus Koren
 
Recommended for You
Finance, Mortgages
Don’t Like Your Mortgage Servicer? Good Luck Trying to Switch
The New York TimesRon Lieber
Any one of the sins that Wells Fargo committed against consumers would have been bad enough. There was the unnecessary auto insurance it forced auto loan borrowers to buy. And the data breach where scores of the bank’s wealthiest clients woke up...
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Credit Cards, Credit Services
Banks Urged to Take On Payday Lenders With Small, Lower-Cost Loans
The New York TimesAnn Carrns
Those who find themselves pinched for cash often turn to high-cost payday lenders. But traditional banks and credit unions could serve that role for borrowers and do it at much lower rates, according to a new proposal from the Pew Charitable Trusts....
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Barack Obama, Credit Cards
Black and Latino mortgage borrowers still face subtle discrimination at the bank
Christian Science MonitorAaron Glantz, Emmanuel Martinez
February 16, 2018 Philadelphia—Jonathan Jacobs had almost no savings, a modest income, and a credit report marred by a disputed cellphone bill. But he easily bought a newly renovated row house in Point Breeze, a South Philadelphia neighborhood that's historically African-American. "It...
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Mortgages, Real Estate
U.S. home construction jumps amid strong demand
Los Angeles TimesAssociated Press
Groundbreakings on new homes jumped 9.7% last month to the highest level since October 2016, welcome news for a housing market struggling with a shortage of homes for sale. The Commerce Department said Friday that housing starts came in at an annual...
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Finance, Investment Industry
How Home Depot’s Hedging Against A Downturn With Digital
PYMNTS.comPymnts
While much of physical retail struggled in 2017 from rapidly realigning consumer shopping habits, the team at Home Depot had an incredibly solid year, with same-store sales growing each quarter and a stock price that surged 42 percent. Despite retail’s slump, the...
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Finance, Mortgages
In divorces, a reverse mortgage could help resolve a big problem
Washington PostBenny L. Kass
The Home Equity Conversion Mortgage is not for everyone but it may solve a major problem many divorcing couples have.
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Construction, Economic Policy
Housing starts rebound as building permits rise to the highest level since 2007
CNBCGetty Images
New home construction increased to more than a one-year high in January, boosted by a rebound in the building of single-family housing units, and further gains are likely as building permits soared to their highest level since 2007. Housing starts jumped 9.7...
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Economic Policy, Federal Reserve
The daily business briefing: February 16, 2018
The WeekHarold Maass
1. Regulators reject Chicago Stock Exchange sale to China-linked investors Federal regulators on Thursday rejected the sale of the Chicago Stock Exchange to a consortium led by China-based investors. The Securities and Exchange Commission said in a document posted on its website...
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Business Intelligence Software, Mortgages
NepFin Finds White Space In Middle-Market Lending
PYMNTS.comPymnts
Amid the talk of filling in the small business (SMB) financing gap banks have left since the financial crisis, the rush of FinTechs, alternative and marketplace lenders coming to market may have left another business segment behind: the middle market, particularly the...
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Economic Policy, Mortgages
Pricey personal loans would be outlawed by bill that would reshape state lending industry
Los Angeles TimesJames Rufus Koren
California lawmakers are once again trying to cap the interest rate that lenders can charge on large personal loans, renewing an effort to eliminate the state's flourishing market for super-expensive debt. A bill introduced Thursday by Assemblyman Ash Kalra (D-San Jose) could...
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