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Survey: 45% of non-homeowners say finances keep them from buying
Nearly half of all non-homeowners say that their financial situation is preventing them from buying a home, a new report from Bankrate.com showed. According to Bankrate’s survey, nearly 30% of all non-homeowners say that they can’t afford a down payment, despite only needing to save 3%.
Mason-McDuffie Mortgage helps San Francisco nuns threatened with eviction
Mason-McDuffie Mortgage Corporation set up a GoFundMe account to help two San Francisco Bay Area nuns that are being threatened with eviction from the residence they use to feed the homeless due to a rent increase. At the time of publication, the account already raised $6,505 of its $24,000 goal.
Manager of 'predatory' loan modification law firm sent to jail
A San Diego businessman will spend the next nine months in prison after being convicted for his role in a fraudulent mortgage loan modification business that presented itself as a “law firm” in order to con more than 1,000 struggling homeowners out of more than $3 million total.
Interactive Mortgage Advisors purchased by Blackstone portfolio company
Incenter will acquire assets of a mortgage company in order to offer a broader array of services to their clients. IMA’s main focus will continue to be as a mortgage servicing rights brokerage and asset valuation firm.
Despite falling oil prices, Houston's housing market keeps rising
Strains in the energy industry did not hinder the housing market as January 2016’s sales were 2% off the January record.