Rates on 30-year and 15-year FRMs, as well as those on five-year ARMs, have dropped slightly since last week, remaining within two basis points for the past three weeks.
Read More »Economy Sees Significant Drop in Underwater Properties
According to the latest CoreLogic report, the highest share of seriously underwater homes was found in Nevada, Illinois, Ohio, Missouri, and Louisiana.
Read More »Outsourcing May Be Best for Lender Document Trailing
Nationwide Title Clearing, a post-closing services provider serving many of the nation’s largest financial institutions, investors, servicers, and custodians, released a white paper for lenders offering a scoring method to help them manage their trailing document process after a loan is originated.
Read More »Owned Today, Rented Tomorrow
Homes are more likely to become rental properties as they age, according to a report. How does the switch from owner to renter impact home value?
Read More »Wanted: More Experienced Independent Lenders
A new report would seem to suggest that the independent lenders are struggling to hire and retain mortgage sales professionals, putting all the bargaining power in the employees’ hands.
Read More »Getting Risky: Defects Rise Slightly
Certain measures of risk rose in December, according to one company’s report. Is this a sign of troubling times to come?
Read More »FHA Nixes Rate Cut an Hour Into Trump Era
Those hoping for relief from mortgage insurance rates will have to keep waiting, as the Trump Administration suspended the premium reduction indefinitely right after the administration began.
Read More »‘Hottest Neighborhoods’ Follow Job Growth, Lower Home Prices
New homebuyers are seeking homes near growing job centers and with lower prices. Which state had the most markets in the top 10 hottest neighborhoods list?
Read More »Rising Mortgage Rates Leave First-Time Buyers Timid
The percentage of prospective buyers who plan to purchase in the spring has tumbled significantly since last year at this time, according to one survey.
Read More »FHA Premium Cuts Could Spur Savings, but is That All?
The Federal Housing Administration's recent move to reduce mortgage premiums tends to have a stronger effect on the market than monthly savings, according to one analysis.
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