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Mortgage Application Activity Takes a Downturn
The seasonally adjusted Purchase Index increased 1% from one week earlier, but the unadjusted index fell by 19%. Continue Reading Mortgage Application Activity Takes a Downturn
FHA Updates 203(k) Program for Home Repair Financing
“The changes we are announcing today for the 203(k) program are long overdue,” said FHA Commissioner Julia Gordon. Continue Reading FHA Updates 203(k) Program for Home Repair Financing
Additional Reading: Top Mortgage Industry News & Headlines
Mortgage Application Activity Takes an Uptick
The seasonally adjusted Purchase Index increased 3% from one week earlier. Continue Reading Mortgage Application Activity Takes an Uptick
New Campaign Seeks to Raise Awareness of VA Loan Program
Recent data found only three in 10 veterans knew they could buy a home with a zero-down payment with the VA loan program. Continue Reading New Campaign Seeks to Raise Awareness of VA Loan Program
FHA Extends Foreclosure Moratorium in Maui County
The moratorium was originally set to expire on Nov. 8. Continue Reading FHA Extends Foreclosure Moratorium in Maui County
Commercial Mortgages: Real estate developers have plenty to worry about with the current economy
Source: Richmond Times Dispatch --- Ray LaMontagne most likely wasn’t referring to real estate in his song titled “Trouble” featured in an iconic Travelers Insurance commercial where a dog frets about a good place to hide his bone with the lyrics “worry just won’t...
Revealed: The best mortgage lenders of 2021
Source: Which --- First Direct and Nationwide Building Society have been named the best mortgage lenders of 2021, based on a combination of customer feedback and Which? analysis of the best deals on the market. We spoke to more than 3,500 homeowners and analyzed...
Vulnerable U.S. homeowners face uncertainty as mortgage forbearance ends
Source: Reuters --- Close to half a million low-income homeowners in the United States, many of them minorities, are nearing the end of mortgage forbearance plans that allowed them to halt loan payments during the pandemic, presenting a test for the mortgage service...
This Is the Average Mortgage Borrowers Are Taking Out. Can You Afford It?
Source: The Fool --- Home prices are on the rise. And now, so are mortgage balances. Anyone who's been following the residential real estate market knows that home values keep climbing as limited inventory and low mortgage ratescontinue to drive buyer demand up. In...
Buying a house from across the country comes with a unique set of challenges
Source: USA Today --- Buying a house at any time can be stressful. But when relocating from one part of the country to another in a competitive seller’s market, the process poses even more hurdles to overcome. Just ask Adam and Mariah Cooke. The couple had been...
What is mortgage prequalification, and is it mandatory?
Source: Business Insider --- Do you think you'll be ready to buy a home soon? Then you may want to apply for mortgage prequalification with a lender. The process is quick and free, and you can usually apply online. What is mortgage prequalification? Mortgage...
Mortgage demand falls as rates rise to highest level since July
Source: CNBC --- Higher interest rates took some recent wind out of the sails in the mortgage market. After gains the previous week, total mortgage application volume fell 1.1% last week from the previous week, according to the Mortgage Bankers Association’s...
Mortgage rates rise slightly, but you still have a window to snag a COVID deal
Source: Yahoo Finance --- It’s inevitable, homeowners: The pandemic-fueled low mortgage rate party will come to an end. The economy's open, more than 2 million jobs were created in the last three months, and COVID-19 relief programs are being allowed to wind down and...
4 must-dos when refinancing into an ultra-low mortgage rate
Source: Yahoo Finance --- Mortgage rates remain at levels that might have seemed unthinkable just two years ago. Thirty-year home loans can still be found at rates far below 3%. If you’re a homeowner with an existing mortgage, you might want to consider refinancing...
Why lenders should build a referral-based business
Source: Housing Wire --- HousingWire recently spoke with John G. Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them...
