Posts Covering Mortgage News

2016 To Be A Breakout Year For FHA Buyers

Home buyers love the FHA loan's mortgage rates and small downpayment requirement. In 2016, FHA is loosening guidelines even more to prompt homeownership.

NAR: Buyers Under 37 Dominate Today’s Housing Market

For the third year in a row, according to the 2016 Home Buyer and Seller Generational Trends Report, the largest group of home buyers was the millennial generation.

Despite Sub-4% Mortgage Rates, Refinances Can’t Catch Purchases

Low interest rates, rising rents, and loosening mortgage guidelines have pushed refinances to a 45% market share. But purchase loans control today's market.

Six Online Tools Every Mortgage Consumer Should Use

Mortgage applicants enjoy access to more information than ever before. Use these six tools to make the best decision about your mortgage.

Consumers Still Expect Mortgage Rates To Rise

Fannie Mae survey shows that consumers expect mortgage rates to be higher in 2016 -- but that's what they say EVERY year. Are consumers finally right? Probably not.

Ellie Mae: Lenders Approving More Mortgage Applications

Low interest rates, rising rents, and loosening mortgage guidelines have pushed refinances to a 47% market share. More purchases are getting approved, too.

Consumers Underestimate How Quickly Home Values Rise

In today's housing market, is it better to be a buyer or a seller? Data from Fannie Mae's National Housing Survey suggests both sides have advantages.

Consumers Think Mortgage Rates Have (Finally) Bottomed

Fannie Mae survey shows that consumers expect mortgage rates to be higher in 2016 -- but that's what they say EVERY year. Are consumers finally right? Probably not.

7+ Million Households Skipping A Great Chance To Refinance

As current mortgage rates drop, more than 7 million U.S. homeowners are potentially eligible to refinance to lower rates and lower monthly payments.

Fed Survey: Mortgage Lenders Rapidly Lowering Loan Approval Standards

A Fed survey shows mortgage lenders making it drastically easier to get mortgage-approved. Been denied for a mortgage in the past? It's time to re-apply.

TILA-RESPA Integrated Disclosures (TRID) Changing The Way Homes Are Bought

The new TILA-RESPA Integrated Disclosures (TRID) is changing the way homes are financed. Will the mandatory 3-day "waiting periods" affect your closing?

Mortgage Rates Drop But Closing Costs Climb; Buyers To Face Higher Costs In 2015

Loan closing costs rose 6% in 2013 and are rising in 2014, too. Falling mortgage rates are offset by higher fees. State-by-state analysis.

HARP 3 Would Boost Refinance Activity, Reclaim Market Share From Purchases

Purchases outnumbered refinances for the 4th straight month. With home prices rising and HARP 3 on the horizon, the trend may soon reverse.

Appraisals : Rarely Required For Streamline Refinance Programs

Appraisals are rarely needed for HARP and FHA Streamline Refinance transactions.

Fannie And Freddie Pay Back 25% Of Bailout; FHA Recapitalizes

Fannie Mae, Freddie Mac and the FHA are returning to profitability. Rising home prices and falling delinquencies are primary reasons.

FHA Condominium Requirements Expected To Loosen Soon

The FHA is planning to relax its condominium approval requirements, opening FHA mortgages to millions of U.S. home buyers.

California Officials Float Plan To Seize, Restructure Local Mortgages

In San Bernardino, California, government officials want to seize and restructure up to 30,000 mortgages in the community.

Mortgage Rates Idle Last Week; Poised To Rise This Week

The Greek elections and FOMC announcement did little to change mortgage rates last week. New data on home sales are expected this week.

Mortgage Rates : Greek Coalition Threatens Refinance Boom

Early Friday, the Greece government announced that it's close to forming a coalition government. This has been initially bad for U.S. mortgage rates

FHA Refinance Applications Double After Mortgage Insurance Premiums Drop

FHA refinance applications doubled last week after the FHA lowered mortgage insurance premiums for some of its borrowers.

2016 Conforming, FHA, & VA Loan Limits

Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)