Mortgage Industry News
Massachusetts in Settlement with Franklin Credit Over Zombie Second Mortgages
Franklin Credit will make a monetary payment of $300,000 to the state Continue Reading Massachusetts in Settlement with Franklin Credit Over Zombie Second Mortgages
Mortgage Rates Record Uptick
The 30-year fixed-rate mortgage averaged 6.12% as of Oct. 3, up from last week when it averaged 6.08%. Continue Reading Mortgage Rates Record Uptick
Mortgage Credit Availability Down in November
“Credit availability in November declined to its lowest level in four months, driven by reduced offerings of non-QM and jumbo loan programs,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Down in November
Mortgage Rates Continue to Plummet
“The 30-year fixed-rate mortgage averaged near 7%, down from nearly 7.80% just six weeks ago,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Continue to Plummet
Private Investment Firm Creates Advisory Board Focused on Real Estate and Mortgages
Board members include Kamini Lane of Coldwell Banker Realty and Kevin Peranio of PRMG Inc. Continue Reading Private Investment Firm Creates Advisory Board Focused on Real Estate and Mortgages
Three Essential Disciplines To Help You Succeed In Real Estate Investing
Source: Forbes --- There are three disciplines that are distinctly important and lead to success or failure in real estate investing. It’s like a three-legged stool. You need to have all three, and people tend to be good at one or two of these, but rarely at three....
The Little-Known Mortgage That Doesn’t Require a Down Payment
A conventional mortgage loan requires a 20% down payment. If you are a first-time homebuyer, however, saving up tens of thousands of dollars can seem like an impossible task. Of course, there are loan programs, like FHA mortgages, that allow for low down payments, but...
Will the 2020 Election Change Mortgage Rates?
If you want to buy a house or refinance within the next few months, you should already be strategizing about how to lock the lowest interest rate. Which might leave you wondering: How will the presidential election impact mortgage rates? Continue Reading Will the 2020 Election Change Mortgage Rates?
