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Ultra-Low Mortgage Rates Spur Refi Loans

May 1, 2016 in FHA Information | Comments Off on Ultra-Low Mortgage Rates Spur Refi Loans

Ultra-Low Mortgage Rates Spur Refi Loans
The adjustable-rate mortgage or ARM share of mortgage loans accounted for 4.7 percent of all applications, decease down 0.2 points from the previous week. The Federal Housing Administration or FHA's share of total applications edged down to 11.3 percent from …
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Just Approved: Equity Conversion Mortgage helps home owner plan for
Loan amount: $ 245,000 at 3.825 percent adjustable rate mortgage. Backstory: Some homeowners use the Federal Housing … The FHA's Home Equity Conversion mortgage is available to homeowners 62 and older. The program allows them to stop making …
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Young homebuyers must be mindful of student loan debt
A consistent worry lenders see when working with young homebuyers is whether their student loan debt disqualifies them from purchasing a home. They are right to be concerned, but new regulations are making that debt less negative on their overall …
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HARP 2 Mortgage Update: 125% LTV Refinances Pick Up

May 1, 2016 in HARP Refinance | Comments Off on HARP 2 Mortgage Update: 125% LTV Refinances Pick Up

HARP 2 Mortgage Update: 125% LTV Refinances Pick Up
The Home Affordable Refinance Program (HARP) is a government refinance program meant to help homeowners whose homes have lost value since purchase. HARP was initially launched in 2009 as part of the Making Home Affordable initiative, shop a program …
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Barry Addresses Metro's Growth, Change

Apr 30, 2016 in HARP Refinance | Comments Off on Barry Addresses Metro's Growth, Change

Barry Addresses Metro's Growth, diagnosis Change
Her budget focused on four main parts: education, health teen violence, discount transportation and affordable housing. She began the budget by announcing a 3.1 percent increase for state workers. A portion of the … She announced the creation of a program that aims …
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Rent Control
If you can't afford that (and if you make minimum wage or are a student-loan-strapped millennial, you probably can't), the city's affordable housing program is supposed to kick in. “Affordable housing,” in this case, refers to apartments and homes …
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No Plumbing, No Protection: The Story of Milwaukee's Evicted
Only about one in four households currently eligible for government rent assistance currently receives it, in the form of public housing, rental vouchers, tax credits for developers, or other means. Nearly a century after housing reformer Edith Elmer …
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British Government Sells Northern Rock Mortgages for $20 Billion

Apr 30, 2016 in Stated Income Loans | Comments Off on British Government Sells Northern Rock Mortgages for $20 Billion

British Government Sells Northern Rock Mortgages for Billion
The remnants of Northern Rock were sold to Virgin Money in 2011, page with the government retaining a portfolio of performing and nonperforming residential mortgages and unsecured loans that constituted Northern Rock's former mortgage business. The sale …
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Protection Bureau's Stormy Path to Reform the Auto Finance Industry
The C.F.P.B., physician which began in 2011, was created by the Dodd-Frank Act, fulfilling Elizabeth Warren's desire to have a federal agency devoted to protecting the consumer in financial decisions and dealings. Consumer … The move is in response to …
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Mortgage rates tipped to stay steady

Apr 30, 2016 in FHA Information | Comments Off on Mortgage rates tipped to stay steady

Mortgage rates tipped to stay steady
A mortgage broker says banks are unlikely to make any changes to home loan rates after the Reserve Bank kept the official cash rate on hold this morning. The central bank left the rate at 2.25 per cent – a record low for New Zealand – in line with …
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Should you lock in a mortgage rate?
Those who are considering whether to buy a home have no doubt heard that current mortgage rates make it an advantageous time for such a purchase. The typical rate for a 30-year fixed rate mortgage is under 4 percent, healing allowing borrowers to get a more …
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