payment Archives

Assumable mortgage platform Roam partners with national lender on down payment assistance

May 11, 2024 mpsingh No Comments Real estate assistance, Assumable, closed-end seconds, Department of Veterans Affairs, FHA, Lender, Mortgage, National, Partners, payment, platform, Roam

New York-based assumable mortgage platform Roam rolled out a new partnership with national lender Spring EQ to provide second-lien loans to Roam customers, the company announced on Thursday. The new service, Roam Boost, will cater to people with credit scores of at least 640 and down payments of at least 15%. Consider, for example, a [...]read moreAssumable mortgage platform Roam partners with national lender on down payment assistance

Panorama Mortgage Group launches 1% down payment loan program

May 9, 2024 mpsingh No Comments Real estate Down Payment Assistance, Group, las vegas, launches, loan, Mortgage, Mortgage Applications, Panorama, payment, Program

Nonbank lender Panorama Mortgage Group (PMG) launched a new program that allows first-time homebuyers to take out a loan with a 1% down payment, the company announced on Wednesday. The new offering, known as the 1st Generation Homebuyer program, also includes a 2% grant to reach the conventional down payment minimum of 3%. “We believe [...]read morePanorama Mortgage Group launches 1% down payment loan program

Time is ticking for the VA to change broker payment rules

May 8, 2024 mpsingh No Comments Real estate Broker, Change, Commission Lawsuit, Community Home Lenders Association, Compass, Department of Veterans Affairs, Featured Homepage, Mortgage Bankers Association, National Association of Realtors, payment, rules, ticking, Time

As the August implementation deadline for the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement approaches, the window of time is shrinking for the U.S. Department of Veterans Affairs (VA) to revise its policies governing the fees that veterans cannot currently pay when using their VA loan benefit. [...]read moreTime is ticking for the VA to change broker payment rules

Median payment on purchase mortgage applications rises to $2,201: MBA

April 27, 2024 mpsingh No Comments Real estate Affordable Housing, applications, MBA, Median, Mortgage, Mortgage Applications, Mortgage Bankers Association, payment, Purchase, rises

Homebuyer affordability declined in March as mortgage rates and home prices remained elevated. The national median monthly payment for purchase mortgage applicants rose to $2,201 in March, up from $2,184 in February. That’s according to the Mortgage Bankers Association‘s (MBA) purchase applications payment index, which measures how new monthly mortgage payments vary across time relative [...]read moreMedian payment on purchase mortgage applications rises to $2,201: MBA

Fintech CRED secures in-principle approval for payment aggregator license

April 19, 2024 mpsingh No Comments Technology aggregator, approval, CRED, FinTech, inprinciple, license, payment, secures

CRED has received the in-principle approval for payment aggregator license in a boost to the Indian fintech startup that could help it better serve its customers and launch new products and experiment with ideas faster. The Bengaluru-headquartered startup, valued at $6.4 billion, received the in-principle approval from the Reserve Bank of India for the payment [...]read moreFintech CRED secures in-principle approval for payment aggregator license

Using a Car as a Down Payment (!?), ADUs, House Hacking 101

April 19, 2024 mpsingh No Comments Real estate ADUs, car, hacking, house, payment

House hacking and renting by the room are two of the easiest ways for rookies to dive into the world of real estate investing. Both investing strategies are affordable, low-risk, and easy to implement. The best part? They can help cover your mortgage payment each month and give you MORE money to invest! Welcome back [...]read moreUsing a Car as a Down Payment (!?), ADUs, House Hacking 101

Flatpay rings up $47M to target smaller merchants with simple payment solutions

April 17, 2024 mpsingh No Comments Technology 47M, Flatpay, merchants, payment, rings, Simple, smaller, Solutions, target

As the world waits for $65 billion payments tech giant Stripe to go public, a wave of smaller startups continues to roll into the market to pick up more payments business. In one of the latest developments, Danish company Flatpay, which builds payment solutions for small and medium physical merchants like shops, restaurants and salons, [...]read moreFlatpay rings up $47M to target smaller merchants with simple payment solutions

Heartland MLS joins forces with Down Payment Resource

April 10, 2024 mpsingh No Comments Real estate Down Payment Assistance, Forces, Heartland, joins, MLS, payment, Real Estate Agents, Resource

Kansas City-based Heartland Multiple Listing Service (MLS) has announced a strategic integration with Down Payment Resource (DPR) to enhance accessibility to homeownership for residents across the Greater Kansas City area. DPR, known in the housing industry for its database and homebuyer assistance program solutions, will provide support to Heartland MLS’s network of 12,000 agents. The [...]read moreHeartland MLS joins forces with Down Payment Resource

MoneyHash raises $4.5M for its payment orchestration platform serving merchants in MENA

February 27, 2024 mpsingh No Comments Technology 4.5M, MENA, merchants, MoneyHash, orchestration, payment, platform, raises, serving

The payment landscape in the Middle East and Africa (MEA) region is marked by significant fragmentation, with numerous payment providers and methods in each country, evolving regulations and diverse customer preferences. This complexity is further compounded by challenges such as payment fraud, low checkout conversion rates, and high transaction failure rates. Although the COVID-19 pandemic [...]read moreMoneyHash raises $4.5M for its payment orchestration platform serving merchants in MENA