Hundreds of thousands of homebuyers in at least 80 Chinese cities are refusing to pay their mortgages as property developers struggle to complete their building projects, signalling a new era of turbulence for China’s continued real estate crisis. As of July 12, homebuyers in 22 Chinese cities had threatened to stop their mortgage payments over
Tag: loans
(Bloomberg) — China’s bank and property stocks rose after regulators sought to defuse a growing consumer boycott of mortgage payments by urging banks to increase lending to developers so they can complete unfinished housing projects. Most Read from Bloomberg The guidance from the China Banking and Insurance Regulatory Commission was issued in response to the
There’s been talk about people buying real estate with cryptocurrency for some time, but a new report from banking giant Citi finds that crypto-backed mortgages have been gaining ground for reasons that suggest loans collateralized by digital assets will have a growing place in the broader lending market. Noting that it is “rare to find
In a historic move, Fannie Mae and Freddie Mac announced changes to battle systemic racism that has blocked people of color from homeownership. Fannie Mae and Freddie Mac are rolling out a credit reporting system that factors in paying rent into creditworthiness score. Other measures include down payment assistance, improved underwriting guidelines, reserve funding for emergencies and
For the past two years, Americans who hold student-loan debt have had a reprieve. At the outset of the pandemic, lawmakers agreed that a pause on debt payments was in order; this stopgap measure has been extended six times. The current restart date is slated for the end of August, though experts already suspect that
![[Types of Mortgage Loans] What Mortgage Is Right for Me?](https://www.point2homes.com/news/wp-content/uploads/sites/7/2021/08/mortgage-concept.jpg)
Image: MIND AND I / Shutterstock.com When buying a home, the vast majority of people need to take out a mortgage. But of the many different options, how do you know which is the right one for you? In this guide, we’ll take a quick look at the different types of mortgage loans available.
Reductions in the number of struggling tenants and people with school-related loan difficulties faltered a little in June compared to March, suggesting that the broader trend toward improvement in housing and educational debt performance is continuing, but has slowed. Missing payments for mortgage borrowers had fallen to 2.19 million in June from 2.33 million in
A Rochester-based mortgage lender has pledged to invest $500,000 in loan incentives to homebuyers in historically-disadvantaged communities across upstate New York after coming under scrutiny for its lending patterns by state regulators. The move by Premium Mortgage follows a state Department of Financial Services report on mortgage lending practices in the Buffalo area that cited
As the country inches to some sense of normalcy, small businesses — especially minority-owned companies — are still struggling to recover from the pandemic’s financial gut punch. Shutdowns during the early days of the pandemic and keeping pace with public health orders wreaked havoc on mom-and-pop businesses’ bottom line. Even as businesses open up, mask restrictions loosen