Faced with higher prices on rent, food, and gas, many first-time homebuyers are struggling to save for a down payment and pay off the credit card debt they’ve accrued in recent years. These compounding factors are driving the credit scores of many prospective...
FinLocker has identified four leading indicators that a consumer intends to begin their homeownership journey. These indicators can be conducted concurrently, over a few weeks, or even a few months, depending on their motivation. How they conduct their research...
The Mortgage Bank Association (MBA) has predicted a 9% growth in purchase mortgage originations, leading to a new record of $1.73 trillion in 2022. The MBA's Mortgage Finance Forecast predicts purchase mortgage originations will be at least 70% from Q2 2022 and...
The Federal Housing Finance Agency recently made an announced that can help renters aspiring to become homebuyers improve their mortgage eligibility. Effective immediately, on-time rental payments will now factor into Fannie Mae's underwriting calculations, and...
With demand outstripping supply across the nation and homes often attracting multiple bids, it should come as no surprise that CoreLogic has reported that home prices were up in April 13% year over year. In FinLocker’s hometown of St Louis, real estate agents...
In honor of Black History Month, we’ve examined the racial disparity in homeownership and ways for the fintech, finance, and mortgage industries to improve Black Americans' homeownership rate. Homeownership is the primary way that American families accumulate...