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Real-time mortgage market updates for May 7, 2012. Updates provided by MBSQuoteline, an MBS subscription provider for loan officers.
The Home Affordable Refinance Program (HARP) is revamped and extended. There are no LTV requirements and fewer loan fees. It's a complete refinance overhaul.
The USDA has launched its own version of HARP and the FHA's Streamline Refinance. No credit scores, no appraisals, very low mortgage rates.
With material getting less expensive, "green homes" are expected to account for 40% of all new single-family homes by 2016.
Real-time mortgage market updates for May 4, 2012. Updates provided by MBSQuoteline, an MBS subscription provider for loan officers.
Mortgage rates are falling after the April jobs report It's a Wall Street quirk, though --one that should self-correct shortly.
Fannie Mae gave itself the power to raise "g-fees" with absolutely no advance notice.
Lower mortgage rates with higher fees is not an improvement -- it's accounting trick.
Guest opinion : Using covered bonds as a GSE alternative.
Real-time mortgage market updates for May 3, 2012. Updates provided by MBSQuoteline, an MBS subscription provider for loan officers.
Many people that believe that a recovery in housing will be tied to a recovery in jobs. So far, the theory holds true.
MetLife is the latest in a string of banks to cut the Reverse Mortgage program.
Real-time mortgage market updates for May 2, 2012. Updates provided by MBSQuoteline, an MBS subscription provider for loan officers.
Are home prices rising or falling? It depends where you get your facts.
Prior to 2009, roughly one-third of home loans were "Alt-A" mortgages. It's for these mortgages that HARP 3 would be designed.
MGIC settles housing discrimination claim with the Department of Justice and agrees to revise approval guidelines related to family leave.
Real-time mortgage market updates for May 1, 2012. Updates provided by MBSQuoteline, an MBS subscription provider for loan officers.
In each of the last two Mays, mortgage rates have made new, all-time lows. This year, they may do the same.
Federal Reserve survey results indicate that more homeowners could resolve underwater mortgage loans through HARP 2.0.
Real-time mortgage market updates for April 30, 2012. Updates provided by MBSQuoteline, an MBS subscription provider for loan officers.
HARP mortgage rates have dropped as banks get competitive.
New Short Sale rules for Fannie Mae and Freddie Mac require 30-day approvals.
Real-time mortgage market updates for April 27, 2012. Updates provided by MBSQuoteline, an MBS subscription provider for loan officers.
So why might you switch to a 15-year mortgage? The answer is simple. Huge long-term savings.
The Pending Home Sales Index crossed 100; Unemployment Rates are dropping; Existing Homes are rising.
Real-time mortgage market updates for April 26, 2012. Updates provided by MBSQuoteline, an MBS subscription provider for loan officers.
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 Fed's April 2012 FOMC meeting has concluded. Mortgage rates will rise long before the Fed Funds Rate does.
Real-time mortgage market updates for April 25, 2012. Updates provided by MBSQuoteline, an MBS subscription provider for loan officers.
The housing market has stepped sideways. At least, temporarily. Sales of new homes moved lower in March, surprising analysts and sellers.
Real-time mortgage market updates for April 24, 2012. Updates provided by MBSQuoteline, an MBS subscription provider for loan officers.
Forget HARP 2. The talk is now for HARP 3. See who might qualify for HARP 3 and who the government might try to help.
The use of short-term debt is on the rise, a less well-known sign of economic recovery.
Real-time mortgage market updates for April 23, 2012. Updates provided by MBSQuoteline, an MBS subscription provider for loan officers.
Are you the "spreadsheet type"? Do your own mortgage math within Microsoft Excel, Mac Numbers and/or Google Docs. Take these built-in formulas and just add mortgage rates.
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.
Real-time mortgage market updates for April 20, 2012. Updates provided by MBSQuoteline, an MBS subscription provider for loan officers.
March 2012 was characterized by aggressive mortgage rates in the jumbo and super-jumbo arena. It helped fuel a surge in luxury home sales.
The U.S. Treasury is trying to reduce the collective footprint of Fannie Mae and Freddie Mac.
