Category Archives: Mortgages
Existing-home sales make more gains
Existing-home sales are up for the third straight month, according to data from the National Association of Realtors. Continue reading
Builders grow more confident in market
Builder confidence in August rose to its highest level in nearly a decade, according to the National Association of Home Builders. Continue reading
Does a nearby Trader Joe’s boost your home’s value?
Homeowners who live near Trader Joe’s have higher property values than those near Whole Foods, according to a RealtyTrac report. Continue reading
Time to say ‘goodbye’ to home equity loans?
Two of the nation’s largest financial institutions have discontinued their home equity loan products. Continue reading
CFPB to servicers: Cancel PMI on time
The CFPB released a “compliance bulletin” this week to remind mortgage servicers of the cancellation and termination requirements for private mortgage insurance. Continue reading
Jumbo standards are loosening
Good news today for folks who can afford to borrow a half-million or more to buy a house: J.P. Morgan is the latest bank to ease its lending standards for jumbo mortgage. Continue reading
Delinquent borrowers get the attention
Mortgage servicers are spending more time on borrowers who are behind on payments than those who are current, according to a new J.D. Power study. Continue reading
Homeownership falls to level last seen during Beatlemania
The national homeownership rate is at its lowest level in 48 years, according to new data from the U.S. Census Bureau. Continue reading
Records shattered in existing-home sales
Existing-home sales reached record highs in June, according to data from the National Association of Realtors. Continue reading
Housing starts and sales on the rise
Housing starts jumped nearly 10 percent from May to June, a sign that the housing market is getting stronger. Continue reading