Shutdown may delay mortgage closings
Some homebuyers may have to reschedule their closings.
FHA loans still available
Despite a plan to reduce staff by 96 percent, HUD says it will keep the lights on.
Posted in Mortgages
Tagged FHA, government shutdown, HUD, mortgage applications, Mortgages, news
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New rules for reverse mortgages
Senior homeowners who want to cash out equity with a reverse mortgage will have to play by new rules when applying for a loan after the end of this month.
Mortgage fraud tops $5 billion
The propensity to cheat on mortgage applications is expected to increase as the market improves.
Posted in Mortgages
Tagged application, fraud, mortgage, Mortgages, risk, second quarter
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Home prices on a slow climb
Price increases are slowing, but fears of a housing bubble loom.
Posted in Mortgages
Tagged home, index, July, Mortgages, National Association of Realtors, prices, S&P/Case Shiller Home Price Indices
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Will rising home prices take a break?
Homes prices have been climbing modestly, but don't celebrate just yet.
Posted in Mortgages
Tagged foreclosures, home prices, mortgage rates, Mortgages, news
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Summer homebuyers rush in
Buyers were in a hurry to close deals while the getting was good.
Fed gives borrowers lower rates
The Federal Reserve has given homebuyers and some refinancers a second chance.
A wise borrower locks now
If you have been approved for a mortgage, and you plan to close within the next few weeks, and you haven't locked a rate yet, you should lock. Preferably today.
Homebuyers singing the blues
Interest rates, home prices and low inventory are hampering buyers.