Mathew Whelan, also known as King Of Ink Land King Body Art The Extreme Ink-ite, has decided to give up getting tattoos until he clears his mortgage. Whelan, who is often referred to as “Britain’s Most Tattooed Man,” has covered the majority of his body with colourful designs. However, he now plans to focus on … Read more
The China Banking and Insurance Regulatory Commission (CBIRC) made its comments. After an increasing number of homebuyers threatened to quit paying their mortgages for stalled real estate projects. CBIRC urged banks to “assume social responsibility” and aggressively take part in the research of funding gap-filling strategies. In their most recent attempt to allay concerns raised … Read more
Mortgage rates dropped for the second week in a row. Overall mortgage demand fell by 5.4 percent from the previous week. Mortgage refinancing applications fell 8% for the week and 78% from the same week last year. The second consecutive week of lower mortgage rates failed to rekindle homeowner or potential buyer desire. According to … Read more
Bank of England’s Financial Policy Committee will retract its proposal on the mortgage affordability test. The measure provides a “small” additional insurance, according to the BoE. A second recommendation. The loan-to-income “flow limit,” would not be rescinded. The Bank of England Financial Policy Committee will retract its proposal on the mortgage affordability test because the … Read more
The 30-year fixed-rate mortgage average contract interest rate for conforming loan sums of $647,200 or less jumped to 5.40 percent from 5.33 percent. Mortgage applications for house purchases declined 7% for the week and were 21% lower than the same week last year. Refinance demand decreased 6% for the week and was down 75% year … Read more
DUBAI: US mortgage loan company Fannie Mae has reached $100 billion in its green bond issuances, which it claims to be a major milestone in “greening the US housing stock”, Arab News reported. The company began issuing green multifamily mortgage-backed securities over 10 years ago to support both sustainable and affordable housing through its “Green Building Certification” … Read more
Google Cloud today publicized the launch of Lending DocAI, its first devoted service for the mortgage industry. The tool, which is now in preview, is intended to help Mortgage Company’s speed up the process of assessing a borrower’s income and asset documents, using specialized machine learning models to automate routine document reviews. May be this … Read more
