Tag Archives: gnews
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
Stale jobs report, crisp mortgage rates?
The June jobs report was less-than-stellar. Find out what it means for mortgage rates. Continue reading
Feds delay new mortgage docs
The rollout of easier-to-use mortgage documents has been delayed three months. Continue reading
Jean Chatzky: Watch those HELOC resets
Minimum monthly payments on many Americans’ home equity lines of credit are set to spike soon. Here’s how to prepare. Continue reading
Tardy lenders plead for leniency
The mortgage industry is having trouble meeting a deadline that it knew about for 20 months. So its lobbyists are asking for a penalty-free extension lasting for five months. Continue reading
Will more jobs boost mortgages?
Strong job creation in April means higher mortgage rates are also likely to follow.
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