Mortgage Industry News
Residency Requirements Changed on FHA-Insured Mortgages to Shut Out Illegal Immigrants
“There will be no more illegal aliens getting HUD-backed home loans,” said Secretary Turner. Continue Reading Residency Requirements Changed on FHA-Insured Mortgages to Shut Out Illegal Immigrants
Homeownership Expenses Consume One-Third of National Average Wage
Nationwide, the typical $2,021 cost of mortgage payments, homeowner insurance, mortgage insurance and property taxes is down 0.7% quarterly. Continue Reading Homeownership Expenses Consume One-Third of National Average Wage
Portfolio+ Launches Reverse Mortgage Product
The Portfolio+ platform is designed to cover all stages from origination to funding. Continue Reading Portfolio+ Launches Reverse Mortgage Product
Mortgage Application Activity Rises Again
The seasonally adjusted Purchase Index increased 5% from one week earlier and the unadjusted index was up by 6%. Continue Reading Mortgage Application Activity Rises Again
New Home Purchase Mortgage Applications Up 6.2%
The average loan size for new homes was $405,400 in March. Continue Reading New Home Purchase Mortgage Applications Up 6.2%
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