Guidelines v. Requirements

Gone is the notion that lenders issue mortgage loans by going to their vaults and handing out money for homes. Remember in the movie ‘It’s a Wonderful Life’ when there was a bank run and after all that was said and done, they still had a dollar left? That’s not the case today. Instead, lenders rely

What to Know Before You Change Your Home’s Layout

When you’re planning a home renovation project, there is one of two categories it’s likely to fall into. The first is a simple cosmetic refresh. For example, maybe you’re going to reface your cabinets and change out the light fixtures, but there’s no major work to be done. Changing floors is another

Miami's ultra-luxury housing market booms as cash transactions dominate, high-end brands like Bugatti and Porsche jump in

Miami’s ultra-luxury housing segment is booming even as the broader market cools. UBS sees a declining risk of a bubble.

Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%

As mortgage rates rise, borrowers are seeking savings in riskier, adjustable-rate mortgages that offer lower rates.