Tag Archives: loan
Mortgage outlook dims
Various factors stalling the housing market are contributing to a lower forecast in loan originations. Continue reading
Help for well-off borrowers
A jumbo mortgage is more readily available for the right type of borrower. Continue reading
The power of the almighty penny
One Milford, Mass., resident decided to make his final mortgage payment with 62,000 pennies. Continue reading
Double benefit of refinancing
With mortgage rates dropping, homeowners are quick to realize the double benefit of refinancing now. Not only do they get a low rate that reduces their monthly payments, they are also locking in a shorter duration to be free of debt sooner and build u… Continue reading
Student debt blocks homebuyers
More potential first-time homebuyers are living with their parents instead of shopping for a home, further stalling a housing recovery.
Mortgage rates are at record lows and home values have dropped — significantly in some areas of the country — sinc… Continue reading
Does FHA help rich homebuyers?
The purpose of the Federal Housing Administration, or FHA, is being debated as Congress wrangles over whether to restore higher mortgage limits for federally insured loans. In 2008, limits were raised from $417,000 to as high as $729,750 in expensive a… Continue reading
Can this HARP be saved?
Let’s see if the new, improved home refinance program goes any further toward pumping life into the stagnant housing market. On Monday, the Federal Housing Finance Agency, or FHFA, the government agency that controls Fannie Mae and Freddie Mac, announ… Continue reading
Who are the new homebuyers?
Homebuying conditions look great on paper, but a bunch of factors is preventing traditional first-time buyers or those looking to trade up from getting into the game. Consequently, the new buyers are more often investors with cash or cautious buyers of… Continue reading