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Scottsman Guide

Tag: Mortgage

A closer look at mortgage closing costs with BAC’s chief advocacy officer

Mortgage closing costs typically range from 2% to 5% of the value of the loan, according to Freddie Mac.

Brendan McKay talks title insurance, FICO scores and other rising expenses

Homebuyers saw housing payments inch up in May

But home affordability increased in the past year as median earnings rose and overall payments fell

30-year mortgage rates dip below 6.8%: Freddie Mac

The 30-year fixed-rate mortgage averaged 6.77% for the week ending June 26, according to Freddie Mac.

The 15-year rate also saw modest declines this week

Fannie and Freddie may consider cryptocurrencies for single-family loan assessments

Fannie and Freddie may consider cryptocurrencies for single-family loan assessments, FHFA Director Bill Pulte announced.

FHFA Director Bill Pulte made the bombshell announcement in a social media post

First American Title co-president leaves the company in sudden shake-up

Kevin Wall has left his position as co-president of First American Title Insurance Co.

No reason was provided for Kevin Wall’s abrupt exit

Is 45 the new 30 for measuring homebuyer affordability?

The typical U.S. household would need to spend 44.6% of their income to afford a median-priced home, according to Realtor.com.

The ‘30% rule’ may be a thing of the past

HUD moves to level multifamily mortgage insurance premiums, end green housing mandate

The Mortgage Bankers Association praised the move, saying it will improve rental affordability

Making sense of the Fannie Mae and Freddie Mac privatization rumors

As speculation surrounding Fannie Mae and Freddie Mac privatization heats up, many observers have questioned how mortgage rates will be impacted.

A Q&A with Marty Green of Polunsky Beitel Green LLP

House takes ‘a decisive step to protect consumers’ targeting trigger leads

No opposition as H.R. 2808 moves Congress one step closer to protecting against unwanted calls and messages

Another Fed governor voices support for potential July rate cut

Michelle Bowman is in favor of a rate cut as long as inflation pressures remain contained

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