Tag Archives: news
Hey, maybe you’ll get a mortgage reduction
If you are one of an unfortunate but lucky few, the government is ready to reduce the amount you owe on your mortgage. For years, the federal agency overseeing Fannie Mae and Freddie Mac has insisted that it would never forgive mortgage debt for people… Continue reading
Ask your lender to compare FHA with PMI
Unless you have stellar credit, you’ll get a lower monthly house payment with an FHA loan than you will with private mortgage insurance with a tiny down payment. Continue reading
Those crazy rents and home prices
Maybe the rent isn’t too high. Or maybe it’s way out of whack. It depends on your perspective. Specifically, it depends upon the period you look at. Rents versus home prices The Census Bureau collects quarterly data on asking prices for rents and askin… Continue reading
Sunny days mean more loan approvals
Your mortgage application is more likely to be approved on an unexpectedly sunny day, according to a new study. Continue reading
2015’s largest mortgage lenders
Wells Fargo originated the most mortgages during the 4th quarter of 2015, according to a Mortgage Daily analysis. Continue reading
There could be more FHA loans to go around
The Federal Housing Administration is limiting lender liability for some underwriting errors, which could open up FHA loans to more borrowers. Continue reading
How high will home prices fly?
Home prices increased 1.4% nationwide during the 4th quarter of 2015, according to the Federal Housing Finance Agency. Continue reading
Greg McBride: Lay down ARMs?
Don’t rule out adjustable-rate mortgages as interest rates rise. Continue reading