Tag: mfi-miami

PennyMac Tries To Stop Mass Exodus Of Customers

PennyMac Tries To Stop Mass Exodus Of Customers By Offering 90 Day Rate Locks  PennyMac has launched a product that will freeze mortgage rates for as long as 90 days. The California based lender is hoping to attract attract and retain customers in a volatile economy.  PennyMac has dubbed the program “Lock & Shop.” The…

By Musashi
2 min read

Biggest Housing Contraction Since 2006 Coming Says Freddie Mac

Freddie Mac Economists Predict The Arrival Of The Biggest Housing Contraction Since 2006 The pandemic’s housing boom is finally running on fumes. Now, Freddie Mac economists are predicting the arrival of the biggest housing contraction since 2006. They point to three factors: Home sales are falling Inventory levels are rising Home sellers are cutting list…

By Musashi
3 min read

Foreclosure Alert! These States Have The Highest Rate Of Foreclosures

Foreclosure Alert! These States Have The Highest Rate Of Foreclosures In the US So Far In 2022 Foreclosure Alert! It has been well over a decade since America’s foreclosure disaster. The primary cause was that too many Americans with poor credit were given variable-rate mortgages. Mortgage interest rates rose and many lost their jobs. As…

By Musashi
3 min read