Page 6 - Alternative Financing News Today

Dramatic inflation reading fuels speculation that Federal Reserve policymakers will implement drastic 75-basis point interest rate hike Wednesday.

Bond market investors wary that Fed will be forced to implement drastic 75-basis point rate hike in June or July.

Chris Erickson has held product management roles at Guaranteed Rate, CoreLogic, Nationstar Mortgage and Citi.

Homeowner equity grew by 32.2 percent in the past year as the number of borrowers underwater on their mortgages fell to a new low.

A report found overall residential lending to be down 32 percent between the first quarters of 2021 and 2022, with refinancing lending dropping 22 percent and mortgages dipping 18 percent.

Although 76 percent said it was a good time to sell, rising mortgage rates are likely to make some would-be sellers reluctant to give up their existing mortgage.

Ohio is the sixth new state the New York-based Power Buyer has added this year, giving it a presence in 13 states.

An “All-In-One-Mortgage” combines a bank account, a mortgage, and an equity line of credit (the equivalent of a HELOC) into a single product.

As Fed embarks on "quantitative tightening" interest rates could come under renewed pressure.

Representative of NAR's venture capital arm, Second Century Ventures, will serve as an observer on Knock's board of directors.