Everyone predicted a revival in purchase money mortgage lending in 2013, and it looks like they’re right, so far. During the first quarter of the… Read More »Purchase Mortgages Post Best First Quarter Since 2008
Today, the Treasury and U.S. Department of Housing and Urban Development (HUD) announced the much anticipated extension of the Home Affordable Modification Program (HAMP). The… Read More »HAMP Gets Extended for Another Two Years
A new study from Fed researcher Steven Laufer puts a lot of the mortgage crisis blame on cash out refinancing, which swelled in popularity as… Read More »New Study Blames Cash Out Refis for Mortgage Crisis
While the news is just starting to trickle in, over the next week or so you’ll be hearing a lot about how mortgage rates surged… Read More »Your Low Mortgage Rate: Here Today, Gone Tomorrow
Just a few short hours ago, the Federal Reserve released the hotly anticipated FOMC “minutes” from its two-day meeting that took place back on April… Read More »The Fed Minutes and Mortgage Rates
The forecast for the 2013 residential mortgage market wasn’t all that optimistic. Back in December, the Mortgage Bankers Association said it expected refinance volume to… Read More »Slowing Mortgage Market Could Lead to Looser Lending
For months I’ve been talking about how it has become a seller’s market, what with the super low inventory and unbeatable mortgage rates. Factor in… Read More »Is the Real Estate Market About to Be Tested?
The mortgage landscape has changed a ton over the past several years. Mortgage lending guidelines have firmed tremendously since the housing crisis took hold, and… Read More »How Long Do You Plan to Keep Your Mortgage?
What a difference a few years make. Back in 2007 and 2008, lenders were still willing to hand out high-risk mortgages, such as those with… Read More »Mortgages Originated Before 2009 Account for 86% of Delinquencies
A new survey from Zillow revealed that prospective home buyers may be “ill-prepared to take out a mortgage,” with basic mortgage questions answered incorrectly nearly… Read More »Zillow: People Don’t Know Much About Mortgages
