Dec 6 2018, 11:45AM Access to mortgage credit moved higher in November, largely due to improved access to conforming mortgages. The Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI increased 1.1 percent to 188.8. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. […]
Bucking Expectations #MortgageRates Are Falling for This Unexpected Reason #Mortgages #RealEstate #Loans #FinanceDecember 10th, 2018 | Mortgages
Bucking Expectations, Mortgage Rates Are Falling for This Unexpected Reason Unless prospective home buyers have been living under a rock, they’re probably all too familiar with the fact that mortgage rates are on the rise. And with a strong economy spurring the Federal Reserve to raise interest rates, mortgage rates are likely to continue their […]
We get it. The owner of the Boston Red Sox requires a nice retreat in a warmer climate, for when New England winters take a particularly brutal turn. But John Henry‘s place in Boca Raton, FL, is far more than a nice retreat. It’s a full-on luxe resort, built as his family’s primary residence. Now […]
Fannie, Freddie loan limits increase for third-straight year The Federal Housing Finance Agency, which oversees the federally owned mortgage corporations Fannie Mae and Freddie Mac, announced Nov. 27 it will increase its conforming loan limits for the third consecutive year in 2019. After not changing the limits between 2006 and 2016, the FHFA has reversed […]
New Fannie/Freddie Requirements May Penalize High-Risk BorrowersT hree researchers from the Urban Institute (UI) recently analyzed the new capital standards rule proposed by the Federal Housing Finance Agency (FHFA) for Fannie Mae and Freddie Mac (the GSEs.) The proposed rule includes two alternative leverage ratio proposals. Under the first, the GSEs would be required to […]
After retiring from the NFL earlier this year, speedy wide receiver and Florida native Devin Hester has put his Central Florida home on the market for a whopping $4.85 million. Sitting on an acre of land in Windermere, FL, the property is the epitome of luxury with a decked-out media room and every man’s dream: an enormous man […]
Can You Get a Mortgage With a Credit Freeze? Credit freezes are a hot topic these days. With security breaches cropping up at banks, retailers, and even credit reporting agencies (hello, Equifax), many Americans fear that hackers might access their personal data and open new credit lines in their name. That’s where a credit freeze can help. This […]
Rising #HomeBuying #InterestRates not holding back #Millennial #homebuyers #Mortgage #HomeFinance #MassachusettsDecember 7th, 2018 | Mortgages
Rising interest rates not holding back Millennial homebuyers Although housing prices and interest rates are still rising at a faster pace in 2018 than they have in previous years, those trends are not yet stopping Millennials from purchasing homes and putting down roots. They are, however, taking out lower purchase loan amounts.
Only two #MortgageLenders won Glassdoor’s 2019 Best Places to Work award #Mortgage #ResidentialFinanceDecember 6th, 2018 | Mortgages
Only two mortgage lenders won Glassdoor’s 2019 Best Places to Work award Glassdoor recently announced the winners of its 2019 Employees’ Choice Awards for the Best Places to Work. While several real estate companies made an appearance on the list, only two mortgage lenders made the cut. That’s right, just two. These two.
October home building activity sends mixed signals The most recent data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development on home construction activity sent mixed signals for next year’s homebuilding outlook. While the number of housing starts grew 1.5 percent in October compared to the prior month, it represented […]