Industry Watch: New American adds refi option for low-income borrowers, Angel Oak opens four branches and more
Reading Time: 2 minutesNew American Funding has added a refinance option for low-income borrowers through a new program from Freddie Mac. The company is now offering Freddie’s Refi Possible program, which requires that eligible borrowers receive a savings of at least $50 on their monthly mortgage payment and a reduction on their interest rate of at least 0.5%. […]
After strong summer, August jobs report disappoints amid resurgent COVID concerns
Reading Time: 2 minutesThe August employment report painted a disappointing picture of U.S. job creation for the month, with the economy adding only 235,000 positions, according to the U.S. Bureau of Labor Statistics. It was the smallest number of jobs added in seven months after July had the most jobs created in 10 months. Economists polled by Reuters […]
