Tag Archive | "mortgages"

Mortgage Originations Fell 6.2 Percent in Q1

Monday, May 13, 2013

1 Comment

Despite the housing recovery and home sales running 10.3 percent above the level of a year ago, mortgage originations are falling, signaling weakening refinancings.

Continue reading...

Mortgages are Coming Home

Thursday, April 18, 2013

0 Comments

Since late last year, industry experts forecast a drop in mortgage refinancings as rates rise and a revival of purchase mortgages as the housing recovery creates business for lenders willing to working with home buyers. The spring housing market is here and now the mortgage market is following.

Continue reading...

Lower Rates Benefit Richer Homeowners Most

Thursday, March 21, 2013

0 Comments

The Federal Reserve's policy of buying mortgage-backed securities to keep mortgage rates low may be bolstering upper tier home values rather than helping to make homeownership more affordable for entry-level buyers.

Continue reading...

Less than Half of Today’s Mortgages Will Qualify Under New Mortgage Rules

Tuesday, February 12, 2013

0 Comments

Two new Treasury Department mortgage regulations designed to reduce lender risk will make it impossible for 60 percent of the mortgages being approved today to be approved in seven years. The impact will be greater for mortgages used to buy homes rather than refinance and in the states where prices have been most volatile.

Continue reading...

Fannie and Freddie have a Florida Problem

Thursday, January 3, 2013

0 Comments

Despite falling delinquency rates among lenders as a whole, delinquencies increased for Fannie Mae and Freddie Mac borrowers, especially in Florida. Coincidentally, CoreLogic announced today Florida leads the nation in the size of its foreclosure inventory.

Continue reading...

Housing Economists: Limiting the MID to Mortgages Under $500,000 Won’t Hurt Most Prices

Wednesday, December 26, 2012

0 Comments

As the President and Congress attempt to avoid the "fiscal cliff" scheduled to take effect a week from today, most leading housing economists and housing experts believe housing prices won't suffer if the mortgage interest deduction were limited to mortgages of $500,000 or less and eliminated for interest paid on second mortgages for second homes, a possibility in the final negotiations to avoid the fiscal cliff.

Continue reading...

After Nearly Three Years, Negative Equity Refuses to Budge

Friday, November 23, 2012

0 Comments

As the nation's real estate economy has evolved and slowly improved over the past two and a half years, the geography of almost every leading metric measuring the health of local housing markets has changed to reflect local economic trends and conditions except the one that many economists and policy makers consider to be critical to the national economic recovery.

Continue reading...

Credit Unions Move in on Mortgages

Tuesday, October 23, 2012

6 Comments

While full service banks and other traditional mortgage lenders have watched their mortgage businesses decline in recent years, credit unions have doubled their market share since 2009 and originated 8 percent of all mortgages in the second half of 2012.

Continue reading...

Accurate Estimates Bring Down Closing Costs

Monday, August 6, 2012

0 Comments

It might be harder to get a loan today, but it costs a little less to close one than it did a year ago because lenders are estimating closing costs netter, according opt the latest annual survey of closing costs by Bankrate.

Continue reading...

Banks Tighten Standards as Mortgage Demand Falls

Tuesday, November 9, 2010

1 Comment

Even as demand for mortgages declined with the expiration of homebuyer tax credit in the third quarter, a small number of banks tightened standards on both prime and nontraditional mortgage loans, reversing a slight net easing reported in the second quarter.

Continue reading...