Mortgage Industry News
Mixed Results in Latest Mortgage Rate Data
The 30-year fixed-rate mortgage averaged 6.65% as of March 13 Continue Reading Mixed Results in Latest Mortgage Rate Data
CFPB Seeks to Vacate Redlining Settlement with Townstone Financial
The CFPB is seeking to return the $105,000 settlement funds to the company. Continue Reading CFPB Seeks to Vacate Redlining Settlement with Townstone Financial
Mortgage Application Activity Inches Up Slightly
Mortgage applications for new home purchases in April increased 22.1% from one year earlier. Continue Reading Mortgage Application Activity Inches Up Slightly
Grant Cardone on Biden’s Homebuyer Tax Credit Plan: ‘Is Joe Dumb?’
Cardone cited homebuyer costs to dilute the impact of the Biden plan. Continue Reading Grant Cardone on Biden’s Homebuyer Tax Credit Plan: ‘Is Joe Dumb?’
Vision Mortgage Group Debuts Loan Program for First-Time Buyers
The program features a 1% down payment and 2% grant down payment assistance. Continue Reading Vision Mortgage Group Debuts Loan Program for First-Time Buyers
Regulators done playing nice with mortgage servicers
Source: Housing Wire --- The federal government’s top regulators announced Wednesday that they are collectively resuming mortgage servicing supervisory and enforcement practices in full, ending certain flexibilities it offered mortgage servicers at the onset of the...
Current Mortgage Rates Are Below 3% Again
Source: Crossroads Today --- The average rate for a 30-year fixed-rate mortgage dropped to 2.98% this week, according to Freddie Mac’s weekly survey. It’s the second week in a row where the average rate has declined and the first time it has dipped below 3% since late...
The latest twist in WNY’s hot real estate market: all-cash, no-mortgage offers
Source: Buffalo News --- When it comes to real estate deals, cash has always been king. Lately, though, it has been more like the emperor. With the market for homes tighter than ever, an unprecedented number of buyers have been turning to all-cash offers in hopes of...
Financial Focus: Financial tips for new veterans
Source: The Duncan Banner --- On Veterans Day, we honor the men and women who have served in our armed forces. If you’ve recently separated or retired from the military, or you will be leaving soon, you can be proud of the service you’ve provided to your country. But...
Commercial real estate financing, anyone?
Source: The Spokesman Review --- Walker & Dunlop (NYSE: WD) is a small but impressive finance company that has been around since the 1930s and does all kinds of finance for commercial real estate. One of the biggest commercial real estate lenders in the country,...
Liz Weston: Shopping for a mortgage? Your credit score may take a small hit
Source: Oregon Live --- Dear Liz: We’re trying to refinance a mortgage. All of the mortgage lenders claim that checking our credit scores will not affect the scores. However, that is not true. What gives? The three credit bureaus all list “too many inquiries” and...
Green mortgages: could your loan help make Britain greener?
Source: The Guardian --- Homes account for more than a fifth of the UK’s total CO2 emissions, which may help explain why the government and others believe green mortgages could be a gamechanger for moving to a sustainable future. Although they have been around in one...
Mortgage rates fall for first time in weeks, Freddie Mac data shows
Source: Fox Business --- Mortgage interest rates fell for the first time in weeks in early November, hitting 3.09% annual percentage rate (APR), according to the latest Primary Mortgage Market Survey from Freddie Mac. But despite this drop, experts said rates will...
Higher interest rates mean more expensive mortgages
Source: The Economist --- If the economy is a machine, then monetary policymakers are backroom engineers. On November 4th they held the Bank of England’s interest rate steady at 0.1%, but seem poised to tweak it upwards soon. Investors expect the rate to rise above 1%...
Real estate investments: No one is immune to defaults
Source: The Salt Lake Tribune --- Defaults are always a possibility for anyone lending in real estate, whether they are acting as an individual private lender or investing in “crowdfunded” real estate development. How the default situation is handled can be...
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