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Underwater Mortgage: What To Do

Homeowners can wind up with an underwater mortgage when home values drop and the amount of their mortgage is higher than their home’s current value.

United statesSugar landHolly lottGreg mcbrideBruce mcclaryJackie boiesNational foundation for credit counselingPartner relations for money management internationalHome affordable refinancing programPartner relationsMoney management internationalAtlanta based silvertonNational foundationFannie maeHigh loan to value

How mortgage lenders are approaching a changed spring season

As the effects of the pandemic continue to reshape the rhythms of the industry, mortgage lenders, brokers and others predict a busy, competitive landscape but say more non-QM loans will fill volume gaps caused by low supply.

New yorkUnited statesNew hampshireFreddie macSean cahanDan daduonSeth appletonKathy hochulInvestor solutionsEligibility exchangeFannie maeAtlanta based silvertonNew york basedRob heckUnited wholesale mortgagePlaza home mortgage

FDIC selling controlling stake in Black-owned bank

The sale could end minority ownership for Alamerica Bank in Alabama, further reducing the number of Black-owned banks in the U.S.

United statesNew jerseyWilliam michael cunninghamMatthew morrisLos angelesDonald watkinsNicole elamBroadway financial corpIndustrial bankSilverton bankNational bankers associationAlamerica bank onCity national bankDeposit insurance corpCreative investment researchCfbanc corp

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