If you thought housing inventory was under control, you might want to read this. The latest LPS Mortgage Monitor Report released today revealed that mortgages… Read More »Severely Delinquent Loans and Foreclosures Outnumber Foreclosures Sales by 50 to 1
Mortgage crisis Q&A: “What is an underwater mortgage?” I have no idea why I never touched on this topic before…perhaps I thought it was too… Read More »What Is an Underwater Mortgage? When You Owe More Than Your Home Is Worth
In case you haven’t heard, Congress has been hard at work setting new standards for mortgages so we don’t see another housing crisis any time… Read More »Non-QRM Mortgage Rates May Be One Point Higher
Here’s some good news if you’re looking to buy or refinance in the near future. Mortgage rates, specifically 30-year fixed mortgage rates, are expected to… Read More »Mortgage Rates Expected to Stay Below Five Percent Through Early 2012
Wells Fargo is exiting the reverse mortgage business, according to a company press release. The San Francisco-based bank and mortgage lender said it will discontinue… Read More »Wells Fargo Exits Reverse Mortgage Business
Shorter term mortgages continue to gain in popularity. In January, a staggering 29 percent of refinancing borrowers went with the 15-year fixed, up from just… Read More »Nearly a Third of Refinancers Choose 15-Year Fixed
Mortgage Q&A: “Are mortgage rates higher for condos?” If you’re in the market for a new condo or a townhouse (as opposed to a house),… Read More »Are Mortgage Rates Higher for Condos?
Today, we’ll take a closer took at the “FHA PowerSaver” loan program, which aims to make it easier for homeowners to make energy-saving improvements to… Read More »FHA PowerSaver Review
Mortgage Q&A: “How much do mortgage brokers make?” If you happen to use a mortgage broker to obtain your mortgage, you may be wondering how… Read More »How Much Do Mortgage Brokers Make? No Salary Means The Sky Is the Limit
In a bid to perhaps “move things along,” Fannie Mae issued servicing standards for delinquent mortgages. Under the new rules, servicers must achieve “quality right… Read More »Fannie Mae Wants to Speed Up Foreclosures
