Tag Archives: mortgage

Feds Launch New Gee-Whiz Mortgage Data Aggregation Site

Mortgage Data Aggregation

Don’t look now, but the federal government seems to have developed a website that actually works! The Consumer Financial Protection Bureau – the federal watchdog agency created under the Dodd-Frank financial reforms of 2010, has created a site that aggregates mortgage ...

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Falling Mortgage Rates, South Florida’s Struggling Market & Other News

Delinquent Mortgages Still High

Delinquent Mortgages Still High in South Florida After getting badly battered by the housing downturn, things seem to finally be on the mend for the South Florida housing market. But, despite the baby steps toward improvement, the market still holds the ...

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New ‘Ability to Pay’ and ‘Qualified Mortgage’ Rules Take Effect

Qualified Mortgage

It may be a little bit tougher now for more marginal borrowers to qualify for home mortgages than it was just a few weeks ago. That’s because a series of new rules became effective on Jan. 10 that require lenders ...

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Mortgage Rates, Home Sales and Prices on the Rise

Increasing Home Sales and Mortgage Rates

Existing Home Sales Climb Sales of previously occupied homes climbed in December, making 2013 the best year of the housing market since 2006. That despite the gradual rise in mortgage rates last year. According to the National Association of Realtors®, ...

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Buying a Home While Engaged: What to Know Before Taking the Leap

Buying a Home While Engaged

Planning a wedding is one thing. Add a home purchase to that chaos and you have a recipe for stress. If you’ve decide that you can handle both projects and have your heart set on carrying your bride – or being ...

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Real Estate Forecast for 2014

Real Estate Forecast for 2014

Last year was a stellar year for the housing market. Recovery was in full steam with home prices appreciating, sales skyrocketing, foreclosures declining and mortgage rates still within an affordable range. The trends upped builder and consumer confidence and unleashed ...

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The End of Mortgage Debt Forgiveness?

End of Mortgage Debt

The good news in the housing market is that foreclosure starts are at a 95-month low, according to RealtyTrac, the nation’s leading collector and aggregator of foreclosure data. The bad news, at least for distressed homeowners who will need to ...

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Is Seller Financing Right for You?

Is Seller Financing Right for You?

If you think lending standards have tightened over the past year, wait until you see what’s in store for next year’s borrowers. “Starting next year, qualified mortgage rules, known as QM, will expose originators to higher legal liabilities on loans ...

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Housing Market Experiences the Chill Factor

Volatility in House Prices

Some Markets Cooling Down The housing market recovery has seen accelerated gains in some of the hottest spots, but it seems those markets are now starting to cool down, according to James Saft, a columnist for Reuters. And it may ...

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Are we still heading toward 5% mortgages?

Are we still heading toward 5% mortgages

Rates on a 30-year fixed mortgage are currently averaging 4.6%, up from 3.35% in early May. Prospective buyers who have been shying away from the housing market due to rising rates may have reason to start shopping again. On Wednesday, ...

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