Saturday , September 24 2022

Mortgages

Oklahomans spend 2 weeks’ salary per month on mortgage

Credit: HouseMethod.com The average homeowner in Oklahoma must work 72 hours each month to keep a roof overhead, a new report finds. The bad news is Oklahomans are spending nearly two weeks’ salary on their mortgage payment, considerably more than the long-standing rule that people should spend no more than …

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What Does the Housing Recession Mean for Rithm Capital?

Rising interest rates have caused what some are calling a housing market recession. Mortgage origination has collapsed from 2021’s rates, and housing starts and home sales are well below last year’s levels. How does this affect Rithm Capital (RITM -2.85%)?  Image source: Getty Images. Mortgage origination volume is a shadow …

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Mark Lister: There is more mortgage pain to come

Mark Lister predicts there is more mortgage pain to come. Photo / 123rf COMMENT: A housing market story in the NZ Herald during the week made for ominous reading. Citing data from credit agency Centrix, it reported that more than 100,000 borrowers had mortgages of $1m or more. That’s about …

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New York Mortgage Trust Announces Repositioning Away from

NEW YORK, Sept. 23, 2022 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) has approved a strategic repositioning of its business by opportunistically disposing of the Company’s joint venture equity interests in multi-family properties over time and …

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How reverse mortgage pros can measure local TV advertising success

Reverse mortgage industry advertising has had a prominent presence on television, particularly from large lenders with national presence. However, there are a lot of opportunities for advertising on television beyond the national stage, and targeting your local community with paid advertising slots on programs that have a senior viewership could …

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