Early stage home loan delinquencies were at the highest level since 2013. In Texas 6.8 percent of home loans were behind by at least one month in payments. That’s ahead of the national rate of 5.3.
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The Southmayd Industrial Economic Development Corporation has received a USDA Rural Development Grant to make loans at below market rates to new and emerging businesses or existing business expansion. The essential purpose of these business loans is to create new local job opportunities and to encourage economic development.
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Home loan delinquencies rose to 8.75 percent at the end of September from 8.43 percent at midyear, the Mortgage Bankers Association reported Thursday. More than 270,000 Texas homeowners were behind on.
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In response to a strengthening housing market and demand for home financing across Texas, Embrace Home Loans, a prominent leader in the mortgage industry, has expanded into the state with its newest.
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