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Refinances outnumbered purchase transactions 3-to-1 last week, according to the Mortgage Bankers Association.
Mortgage lenders are gearing up for another Refi Wave.
The most lasting effect of JPMorgan's losing $2 billion bad bet will be to its reputation.
The White House is requesting updates to the Home Affordable Refinance Program. Millions of additional homeowners would be HARP 3-eligible.
Cash-out mortgages are defined as mortgages for which the new, refinanced balance is at least 5% higher than the existing loan payoff.
After sitting in more than dozen meetings, the mortgage industry appears to be in decent shape, but remains nervous for the future.
With material getting less expensive, "green homes" are expected to account for 40% of all new single-family homes by 2016.
Fannie Mae gave itself the power to raise "g-fees" with absolutely no advance notice.
Prior to 2009, roughly one-third of home loans were "Alt-A" mortgages. It's for these mortgages that HARP 3 would be designed.
Each home is unique so each appraisal is unique, and appraisals are needed for nearly all loan types -- save for the FHA Streamline Refinance and the HARP mortgage program.
The use of short-term debt is on the rise, a less well-known sign of economic recovery.
First mortgage defaults fell from 2.02% to 1.88% in March, and second mortgage defaults decreased to 1.03%. The latter is a 3-year low.
Mortgage-backed securities (“MBS”) are considered to be a particularly stable investment.
The U.S. Treasury is trying to reduce the collective footprint of Fannie Mae and Freddie Mac.
Spain is the second Eurozone nation to face severe debt concerns. Italy is thought to be next. U.S. mortgage rates are benefitting.
HARP applications with Freddie Mac are being denied at an alarming rate. In response, Freddie Mac will "fine-tune" its underwriting process.
The press is talking about massive mortgage writedowns. The government explains why it won't happen.
The FHA is expected to remove its policy punishing borrowers with outstanding collections on credit.
HARP 2.0 applications are surging. But, based on falling mortgage prepay speeds, not everyone is getting approved.
Wanting to buy a home and having the ability to afford a home are two different things. You can use your lender's DTI math as a guideline.
Mortgage rates have been held low, in part, because the Federal Reserve is snapping up 61% of the U.S. Treasury's new debt issuances.
Although mortgage rates are lower than they were a year ago, recent spurts higher have prompted homeowners to get off the fence post-haste.
Bi-weekly mortgage payments are a viable way to shorten your loan by 6-8 years. However, they're not the cheapest way to pay down your loan.
More than two-thirds of today's renters would rather own a home than rent one.
Foreclosures, foreclosure inventory, and pipeline-clearing ratios all looked better in February as compared to January.
The FHA won’t be able to earn its way to financial health this year, increasing the likelihood of an eventual taxpayer-funded bailout.
A recent consumer survey shows just 27% of the U.S. population to be aware of HARP
Last week's sharp increase in mortgage rates suggests the window to buy or refinance a home at "historically low rates" is closing.
Applying for a HARP mortgage and having trouble? You're not alone. The HARP 2.0 mortgage program is off to a slow start.
As compared to non-government-backed mortgages, loans backed by Fannie Mae and Freddie Mac carry lower rates of "serious delinquency".
If you have a pressing need to refinance, don't bet on mortgage rates falling back below 4 percent.
Fannie Mae and Freddie Mac's loan repurchase policies have done more harm to the broader housing market than good, says the Federal Reserve.
How will the $25 billion mortgage servicer settlement affects borrowers with jumbo mortgages, and other non-government loans?
Illinois and Wisconsin financial institutions that are members of the regional Home Loan Bank can provide subsidies of up to $8,000 to qualified buyers.
Jobs and housing are driving the U.S. economy and, in turn, U.S. mortgage markets. Here's a recap of what's going on.
Rental real estate values are helping the housing market.
FinCen's new anti-money laundering program will help the mortgage industry and borrowers alike.
Optimism for the Spring 2012 housing season is strong, and growing.
The housing market is exhibiting incremental progress that points to increased traction in the coming months, and certain areas are actually doing well.
The FHA has made changes to its flagship Streamline Refinance Program. Up to 3 million existing FHA borrowers can now take advantage of lower mortgage rates and lower MIPs.
