Mortgage Industry News
Bank of America Reports 80% Surge in Q1 Mortgage Applications
“We’re seeing a steady increase in home buying activity, and it’s beyond what we would normally see from a seasonality perspective,” said Matt Vernon, head of consumer lending. Continue Reading Bank of America Reports 80% Surge in Q1 Mortgage Applications
Fannie Mae Forecasts Declining Mortgage Rates for 2025 and 2026
The revised forecast was mirrored by a mild upward revision for predicted existing home sales in 2025. Continue Reading Fannie Mae Forecasts Declining Mortgage Rates for 2025 and 2026
Share of Mortgages in Forbearance at 0.22%
Last month, the share of Fannie Mae and Freddie Mac loans in forbearance declined 1 basis point to 0.11%. Continue Reading Share of Mortgages in Forbearance at 0.22%
40% of New Mortgages Went to Buyers Under 35
Redfin determined the median age of first-time U.S. homebuyers last year was 35. Continue Reading 40% of New Mortgages Went to Buyers Under 35
Mortgage Rates Down Slightly, Though Still Elevated
The 30-year fixed-rate mortgage averaged 7.02%, down from last week when it averaged 7.09%. Continue Reading Mortgage Rates Down Slightly, Though Still Elevated
Czech mortgage rates rise due to inflation, may hit 5 percent next year
Source: Expats --- The average mortgage rate rose for the eighth month in a row but the number of people interested in a mortgage has not decreased. The volume of mortgages provided in October again exceeded CZK 30 billion, according to Fincentrum Hypoindex. Mortgage...
Lifetime mortgages: your questions answered
Source: FT Adviser --- Lifetime mortgages and equity release have proved popular subjects for discussion recently, especially during FTAdviser's latest webinar, in partnership with Legal & General. In fact, the seminar proved so popular we did not have time to...
Study: Digital Mortgages Impact Customer Satisfaction
Source: D Business --- According to J.D. Power in Troy, despite record new loan originations in 2020, mortgage originators have struggled to manage surging refinancing volume. In addition, while mortgage firms have undertaken efforts to streamline the new issuance of...
Investing In Real Estate During College
Source: Ball State Daily --- Being a college student means multitasking between attending your classes and looking for ways to pay back your overflowing student loan. While these setbacks can seem like a challenge to figure out, getting an extra source of income will...
How a Biden Income Tax Proposal Could Affect Real Estate Professionals
Source: Motley Fool --- Key Points The net investment income tax may be expanding. This rule change could have an impact on real estate professionals. The instructions for how to comply will require help from a tax advisor. As we approach the end of 2021, many real...
Applying for a Mortgage (Important Info + 6 Steps)
Source: The Good Men Project --- Applying For a Mortgage is Very Common There are many reasons why as a borrower, you would want to apply for a mortgage. The most obvious is that you cannot afford to buy the house in cash and need to make installment payments on it...
Op-Ed: Address the stigma of asking for mortgage, rent help
Source: Courier Times --- Our community will be impacted by the recent Oct. 31 expiration of local moratoriums on eviction in Bucks and Montgomery counties. Renters who are behind in payments as a direct result of pandemic-related job changes are starting to hit the...
Survey: Mortgage refi crush exposed dangers of digital-heavy approach
Source: Inman --- One-size-fits-all digital workflows are hurting customer satisfaction with mortgage lenders, according to an annual consumer survey that concluded “some level of human interaction” is still required to help borrowers negotiate the application and...
Will Real Estate Ever Be Normal Again?
Source: NY Times --- The third time Drew Mena’s manager asked him about relocating to Austin, Texas, he and his wife, Amena Sengal, began to seriously consider it. They had deliberated each time before, in 2017 and 2018, but landed on a hard no: Drew and Amena had...
Tech Is Humanizing Mortgage, And It’s Exactly What The Industry Needs
Source: Forbes --- Mortgage lenders are under more pressure than seen in decades. Low rates have fueled a refinance boom, and the pandemic has sent purchase volume and home prices soaring. Through the market's shift, lenders must manage purchases with new, well-funded...
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