Mortgage and Home Finance News

The Price of Entry for First-Time Homebuyers

January 31st, 2019 | Mortgage and Home Finance News

A new report highlights how expensive it is for first-time buyers to break into the housing market. The post The Price of Entry for First-Time Homebuyers appeared first on theMReport.com. [ read full article ]

#SelfEmployed still face #homebuying hurdles post-crisis #RealEstateAttorney

January 31st, 2019 | Mortgage and Home Finance News

Self-employed still face homebuying hurdles post-crisis Both self-employed and salaried workers have seen their use of mortgages and homeownership rates decline since 2007; however, the rate of decline in each case is significantly greater for self-employed workers. #ScotsmanGuide A new study from the Urban Institute suggests that the mortgage industry has had a problem qualifying […]

No #PayStub? No Problem. #UnconventionalMortgages Make a Comeback #MortgageLoan #ClosingAttorney #MassachusettsHomeBuyers

January 29th, 2019 | Mortgage and Home Finance News

No Pay Stub? No Problem. Unconventional Mortgages Make a Comeback Aryanna Hering didn’t have pay stubs or tax forms to document her income when she shopped around for a mortgage last year—a problem that made it tough for her to get a loan. But the nursing student who works part time providing home care for […]

#FannieMae #FreddieMac Changes #Shutdown #Mortgage #UnderwritingShift #RealEstateClosingAttorney

January 29th, 2019 | Mortgage and Home Finance News
Freddie FANNIE

Fannie/Freddie Changes Run the Gamut, Including Shutdown Underwriting Shift “Some people are so poor, all they have is money.” How about “26 of the World’s Richest Own the Same Wealth as Poorest Half” in the world!? To the best of my knowledge the PUGS (partial U.S. government shutdown) is not helping anyone’s wealth and is […]

Pending #RealEstateSales rise locally after interest rate volatility #Mortgage #ClosingAttorney

January 28th, 2019 | Mortgage and Home Finance News

Mortgage interest rates found themselves in freefall last month after climbing gradually throughout the year. For that reason, home sales in Boston and the rest of the U.S. failed to post significant gains in the final month of 2018. However, because home sales typically take around one month to close, there are signs that buyers […]

More #HomeBuyers Turning to ARMs #Mortgage to Achieve #HomeOwnership #ClosingAttorney

January 26th, 2019 | Mortgage and Home Finance News

More Home Buyers Turning to ARMs Mortgage to Achieve Home Ownership The share of December originations that were adjustable rate mortgages (ARMs) was the highest since Ellie Mae began tracking them in 2011 the company said in its December Origination Insight Report.  As mortgage rates rose, the share of ARMs reached 9.2 percent, up from […]

#Condominium Sales and Business Intelligence Products #Freddie and #Fannie Program Changes

January 23rd, 2019 | Mortgage and Home Finance News

For the first time in history, the six biggest banks — JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley — made $100 billion in profit in a year. Yowzah! There’s a lot going on out there, and Ben Smidt put out his “Mortgage Expert Insights on Business Planning Strategies” that is […]

Government #Shutdown stops popular #SBA loan programs #RealEstate

January 23rd, 2019 | Mortgage and Home Finance News

SBA offices have been closed because of the budget impasse over funding for a #borderwall, suspending several popular #loan programs designed for #business owners that may struggle to get conventional bank #financing. #ScotsmanGuide The partial government shutdown entered its record 24th day on Monday, and among those in limbo are small business entrepreneurs waiting for […]

#BostonCityCouncil considers #NewTaxes on some #Boston #Massachusetts #RealEstateSales

January 22nd, 2019 | Mortgage and Home Finance News

Boston City Council considers new taxes on some Boston Massachusetts real estate sales Boston is the latest city to consider transfer taxes as a way to fund affordable housing development, although the proposal is already on shaky ground. The Boston Globe reported Jan. 14 that City Council would take up a bill sponsored by Councilors […]

Builder Confidence Buoyed by Lower Rates

January 21st, 2019 | Mortgage and Home Finance News

After falling an aggregate of 12 points in November and December the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) appears to have stabilized.  The HMI, a measure of home builders’ confidence in the market for newly constructed homes, gained 2 points in January, rising to 58.  This one 1-point higher than […]

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