Tagged: Mortgage

Non-Qualified #Mortgages #RealEstateLaw #Attorney

March 19th, 2019 | Mortgage

Non-Qualified Mortgages: Then and Now An expert looked into the extent to which the characteristics of non-qualified mortgages have changed since CFPB issued regulations to provide safer and more sustainable home loans for consumers. Here’s what she had to say. The post Non-Qualified Mortgages: Then and Now appeared first on theMReport.com. [ read full article […]

Homeowners With Equity to Lose More Likely to Pay on Time

March 17th, 2019 | Mortgage

Posted To: MND NewsWireIncreasing home prices have the additional benefit of reducing mortgage foreclosures according to CoreLogic. The company’s Loan Performance Insights report for December notes the 30+ day delinquency rate is at a 10-year low. Frank Nothaft, CoreLogic’s chief economist says “Our latest home equity report found that the average homeowner saw a $9,700 […]

Gig Worker Mortgage Guide | Bankrate.com

March 13th, 2019 | Mortgage

Getting approved for a mortgage is difficult for gig workers due to the inability to prove a steady income. If you’re not tethered to an employer and find yourself hopping from job to job, there are dozens of job titles you “assign” yourself. Whether you call yourself a freelancer, temp worker, independent contractor — it’s […]

Residential Construction Numbers Start 2019 with a Bang #RealEstate #ClosingAttorney

March 9th, 2019 | Mortgage

Posted To: MND NewsWirePermits rose in January, but the headline for the delayed residential construction report from the U.S. Census Bureau and the Department of Housing and Urban Development was the dynamite start to the New Year for housing starts and completion. Both made a strong comeback from their weak finish in 2018. Housing starts […]

Mortgage Apps: Higher-End Buyers Readying for Spring Market

March 8th, 2019 | Mortgage

Posted To: MND NewsWireAn uptick in mortgage rates was blamed by the Mortgage Bankers Association (MBA) for the first decline in mortgage applications in three weeks. MBA’s Market Composite Index, a measure of mortgage loan application volume, decreased 2.5 percent on a seasonally adjusted basis during the week ended March 1. The prior week, which […]

Homeownership is Highest Since 2014

March 3rd, 2019 | Mortgage

Homeownership is Highest Since 2014 Posted To: MND NewsWireThe Census Bureau reported on Thursday that the national homeownership rate rose slightly in the fourth quarter of 2018 to 64.8 percent , up from 64.4 percent in the third quarter and 64.2 percent in the fourth quarter of 2017. The Census Bureau said that change was […]

This Isn’t Your Father’s Cash Out Refi

March 2nd, 2019 | Mortgage

Posted To: MND NewsWireThe share of cash-out refinances spiked in 2017 and 2018 in a manner similar to what happened just before the Great Recession. The share jumped to 50 percent in 2017 and 61 percent in 2018, the highest since 2006. In two posts in CoreLogic’s Insights blog however Arthur Jobe maintains that the […]

Mortgage Rates Not Interested in Any of Today’s Drama

February 28th, 2019 | Mortgage

Posted To: Mortgage Rate WatchAt one point today, there were three apparently important events dominating the newswires simultaneously. These included the Fed Chair’s congressional testimony, the Cohen congressional testimony, and–you guessed it–congressional testimony from Lighthizer on US/China trade policy. Mortgage rates are determined by the bond market, and the bond market could make a case […]

How Does Paying Off Your #Mortgage Affect Your #CreditScore? #RealEstate #ClosingAttorney

February 28th, 2019 | Mortgage

How Does Paying Off Your Mortgage Affect Your Credit Score? A mortgage is probably the largest debt you’ll ever have, and paying it off is a significant achievement. But credit bureaus like Equifax, Experian, and TransUnion might not be as thrilled. “Paying off any debt will certainly affect your credit score, and your mortgage is […]

Fannie Mae Lowers Several Forecasts

February 24th, 2019 | Mortgage

Fannie Mae is predicting a notable slowdown in the growth of the U.S. economy in the first quarter of 2019.  They have downgraded their earlier forecast by 0.1 percent to an annualized rate of 1.7 percent, compared to 2.8 percent in the fourth quarter of 2018. For the full year they are looking for growth […]

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