From 2020 to 2023, monthly housing costs jumped 29% for outright owners and 16% for mortgage holders, as taxes, insurance, and utilities stretch budgets across the board
When it comes to the rising cost of home ownership, according to a new commentary from First American, there’s two sides to the coin — whether you’re still paying a mortgage or you own the place free-and-clear. “Whether trying to buy a home or simply stay put,” writes Sen...
MBA says tri-merge credit checks cost lenders up to $100 per loan, doubling since pre-COVID, as industry pushes for a cheaper, single-report model
The Mortgage Bankers Association (MBA) is renewing its push to replace the outdated tri-merge credit report requirement for GSE and government loans with a more streamlined single-report model. The association argues the current system is needlessly expensive, limits competi...
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