Page 5 - Alternative Financing News Today

Program piloted last year now provides services to more than a dozen mortgage lenders and loan servicers, who help 7 million people finance or refinance their homes each year.

Purchase mortgage applications are still down 10 percent from a year ago, with mortgage rates nearly doubling in the last 12 months.

There are many ways to access your home equity, but they're not all the same. Find out the most cost-effective and innovative strategies.

The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others.

HomeLight says Series D raises its valuation to $1.7 billion, and acquisition makes it the largest "agent-focused" cash offer program in the U.S.

Jerome Powell acknowledged the situation buyers now find themselves in, saying, "We need to get back to a place where supply and demand are back together."

Higher mortgage rates are now "housing market's primary constraint," economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5 percent this year.

After bond market sell-off Friday and Monday, investors take Fed's 75 basis-point rate hike in stride.

Homebuyer demand for purchase loans picked up before a bond market sell-off sent mortgage rates soaring past 6 percent.

Brian Phillips will head operations for the company’s new Rocky Mountain Region, encompassing Colorado, Utah, Montana and Wyoming.