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Guaranteed Rate Announces Rebranding
The rebranding process will be gradual, the company stated. Continue Reading Guaranteed Rate Announces Rebranding
Mortgage Rates Rise to Just Below 7%
The 30-year fixed-rate mortgage averaged 6.95% as of July 3. Continue Reading Mortgage Rates Rise to Just Below 7%
Additional Reading: Top Mortgage Industry News & Headlines
Q3 Housing: Fewer Equity-Rich Homes, Less Underwater Mortgages
Only 2.5% of all residential mortgages, or one in 40, were considered seriously underwater in the third quarter. Continue Reading Q3 Housing: Fewer Equity-Rich Homes, Less Underwater Mortgages
MBA: Purchase Loan Applications at Lowest Level Since 1995
Refinance applications were at their lowest level since January. Continue Reading MBA: Purchase Loan Applications at Lowest Level Since 1995
loanDepot Unveils accessZERO Program to Assist Homebuyers
The new program is available nationwide for Federal Housing Administration purchase mortgages. Continue Reading loanDepot Unveils accessZERO Program to Assist Homebuyers
New Mortgage Rule Aims to Stop Avoidable Foreclosures
Source: Investopedia --- The Consumer Financial Protection Bureau (CFPB) has announced a new rule to help prevent foreclosures in situations where they can be avoided. The new rule, which went into effect on Aug. 31, requires that most mortgage servicers help...
FHFA Reverses Previous Housing Market Reform Progress
Source: American Action Forum --- Executive Summary The Federal Housing Finance Agency (FHFA) has suspended restrictions from earlier this year that prevented the government-sponsored enterprises (GSEs) from purchasing “high-risk” mortgages; it also announced a...
Should you call out real estate agent who put their best interest above yours?
Source: Washington Post --- Q: We recently sold our deceased mother’s home in Columbus, Ohio. The house needed quite a bit of work, was structurally sound, and was in a very desirable neighborhood. My siblings and I selected an agent after a couple of interviews, and...
Should you pay off your mortgage or invest the money?
Source: Fox Business --- If you feel weighed down by your mortgage, you might be anxious to pay it off as soon as possible. So when you find yourself with a little extra money in your budget, you may consider putting it toward your mortgage. Paying extra on your...
CFPB releases new mortgage servicing rule: What it means for homeowners
Source: Fox Business --- As foreclosure moratoriums come to an end, the Consumer Financial Protection Bureau (CFPB) released a new mortgage servicing rule that took effect Aug. 31 to help prevent foreclosures for borrowers facing delinquency. The rule will prevent...
Fannie Mae to include rent payments in mortgage applicants’ credit history review
Source: Washington Post --- A good credit score is an essential part of making the transition from renter to homeowner, but establishing a solid credit report can feel out of reach for some consumers. Many prefer not to use credit cards or loans and therefore have a...
Mortgage demand falls to lowest in two months as rates stagnate
Source: CNBC --- Mortgage rates appear to be stuck in a holding pattern, giving borrowers no particular incentive to act, especially on refinances. Total mortgage application volume fell 1.9% last week compared with the previous week, according to the Mortgage Bankers...
Record increase in real estate agent numbers over last year
Source: Stuff --- Covid-19 is the reason Ajit Saini became a real estate agent and new Real Estate Authority figures show he is not alone. A record number of people joined the industry last year. Saini, 42, had worked in sales for a large furniture company for many...
NAMB President and SRE.com Announce Partnership to Launch SRE Marketplace
Source: Business Wire --- NAMB President Kimber White and SRE.com President John G. Stevens, who is also a former president of that organization, have announced a partnership that will provide a new member benefit aimed at preparing loan originators to compete more...
Actual cost of buying a house with the help of a home loan
Source: Financial Express --- Here are a few pointers that could help you make a rough estimate of the actual cost of buying a house with a help of a home loan. Many consider owning a home to be one of the biggest financial goals of a lifetime. A home not just gives...
