Chester County News and Community Website
WASHINGTON, D.C. — The Department of Veterans Affairs has launched a new foreclosure-prevention program aimed at helping financially distressed veterans remain in their homes, implementing authority granted under legislation signed …
VA Launches Foreclosure Relief Program for At-Risk Veterans Read More
A buyer purchasing the median-priced U.S. home with a standard 30-year mortgage will now pay more in interest than the home’s purchase price, underscoring how elevated borrowing costs continue to …
Mortgage Interest Now Exceeds Home Cost for Typical Buyer Read More
WASHINGTON, D.C. — The Federal Trade Commission is distributing nearly $3 million in refunds to homeowners harmed by a mortgage relief scheme that federal regulators said falsely promised lower mortgage …
FTC Sends $3 Million to Homeowners in Mortgage Relief Case Read More
U.S. home sales and new listings both declined from year-earlier levels in May as mortgage rates climbed above 6.5%, a combination that signals continued pressure on the housing market despite …
Rising Mortgage Rates Weigh on Home Sales as Inventory Growth Slows Read More
WASHINGTON, D.C. — A federal court in California has temporarily shut down a mortgage assistance operation accused of collecting illegal upfront fees from financially distressed homeowners while falsely promising lower …
FTC Wins Court Order Halting Alleged Mortgage Relief Scheme Read More
Residential mortgage originations declined in the first quarter of 2026, with home-purchase lending falling to its lowest level in more than a decade as elevated home prices and rising borrowing …
U.S. Home Purchase Lending Falls to 12-Year Low as Affordability Pressures Mount Read More
FORT WASHINGTON, PA — Newrez has launched a consumer-facing mortgage assistant inside OpenAI’s ChatGPT, positioning the lender among the first major U.S. mortgage originators to integrate proprietary underwriting guidance directly …
Newrez Embeds Mortgage Guidance Inside ChatGPT Read More ATTOM is reporting that U.S. foreclosure activity rose again in April as lenders accelerated repossessions and foreclosure starts amid persistent affordability pressures and elevated borrowing costs that continue straining some …
U.S. Foreclosure Activity Extends Annual Climb in April Read More
WEST CHESTER, PA — Chester County’s housing market accelerated sharply in April as rising inventory failed to keep pace with buyer demand, driving home prices higher and intensifying competition across …
Chester County Home Prices Rise as Inventory Stays Tight Read More
HARRISBURG, PA — Pennsylvania Housing Finance Agency launched a new home purchase assistance program offering 0% interest loans with no monthly payments to help eligible homebuyers cover down payment and …
PHFA Launches Deferred Down Payment Assistance Loan Read More