Results for Purchase Mortgages

Los Angeles-area credit union has seen an uptick in purchase mortgages after teaming up with CUSO.

CoreLogic's monthly Market Pulse Molly Boesel looks at the influence interest rates, which have risen by a little over 100 basis points from May to August, may have on mortgage refinancing. Her article "Rising Rates Cooling Refinance Activity" notes that the...

Purchase mortgage applications across the country are now only 1.5 percent off the same week one year ago according to the Mortgage Bankers Association's latest survey.

Last year, investment in real estate tech startups totaled more than $6 billion, which isn’t surprising given the implications of big data on the housing economy. Everything from evaluating risk management to analyzing the next trend in housing depends on gathering “clean” information on mortgage borrowers and home sellers. But one group remains largely absent from this data collection, and this is the group that most…

Homebuyers don’t know what they don’t know, as recent studies have revealed, but credit unions can close this knowledge gap.

Appraisal-related issues cause more than one out of every 10 purchase-mortgage applications to be denied, according to CoreLogic

It turns out 2017 was a banner year for mortgages, just not all of them. A total of $1.148 trillion in home purchase mortgages were funded last year, the highest total since 2006, per new data from Inside Mortgage Finance. I guess if we consider inflation, and the fact that it has been over a decade, the numbers aren't

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In so many ways, 2020 had an outperforming start to the year. But times have quickly changed. HousingWire Columnist Logan Mohtashami give insight on how low purchase application data may go in the wake of the coronavirus. HW+ Premium Content

When someone purchases their first home, this is a significant step. There are a number of issues that people need to think about because purchasing a home is typically someone’s most significant investment
With this in mind, there are three common traps that first-time homebuyers often fall into. Fortunately, there are ways to avoid these traps as well.
Looking At Homes Before Applying For A Mortgage
Perhaps the biggest mistake that people make is that they look for homes before they apply for…

Fannie Mae's second quarter Mortgage Lender Sentiment Survey indicates that lenders are generally upbeat about the housing market. Respondents to the survey, which was conducted in May, said they had seen increased demand for GSE-eligible purchase mortgages...

03/24/2017 | Author: Michael Schrantz
Not having enough credit history for a credit score doesn't necessarily mean you must go through a drawn-out manual underwriting process to get a home loan. If you have a history of making housing payments on time and references, you could benefit from a new automated process from Freddie Mac , a quasi-public agency that purchases mortgages
Starting in June, borrowers…

You can't be forced to take possession of anything bequeathed to you. You may already have a home loan payment and simply not be able to afford to take on another. You can sell the properties or instruct the properties' mortgage lenders to foreclose
Here's something else to consider: Mortgaged properties can come with property taxes owed, liens attached and even estate taxes due. You can hope that the estate's executor already has addressed back property taxes and other liens before passing it…

The nonbank market share of agency purchase mortgage originations is growing at an astronomical pace. While this is causing alarms with politicians and policymakers, it can actually be a good thing for the market.

When considering buying a home, one of the first steps for buyers is to get pre-approved or pre-qualified by a lender. This process will help buyers understand their budgets, and having a pre-approval or pre-qualification letter to submit at the time of making an offer will also show the seller that a buyer is serious about proceeding with a purchase
Mortgage rates are at historic lows. Rates have fallen over a full percentage point since Q4 2018, making this a great time to…

Homeowners insurance and title insurance may not be the only kinds of insurance you need when you buy a home. Many buyers also have to purchase mortgage insurance, which lenders require for mortgages with a down payment of less than 20 percent. Take the time to understand what you’re buying and how long it will affect you
Mortgage Insurance Protects the Lender
Most types of insurance will pay you if you make a claim. Mortgage insurance, though, is solely for the lender. If…

Private mortgage insurance is a line item on many homeowners’ monthly mortgage statements, and it’s particularly common for first-time homebuyers that have little in the way of a down payment. If your down payment is less than 20% of the appraised value of the home, your lender will often require you purchase mortgage insurance for […]

A few years back, the Fed began purchasing mortgage-backed securities in an effort to lower interest rates on mortgages. Over time, the endeavor, known as Quantitative Easing (QE) proved successful and borrowers enjoyed the lowest mortgage rates in history. As planned, mortgage rates dipped to record lows, prompting a

The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market to push forward through this major health crisis. Let’s look at two measures that explain the resilience of the real estate market
Purchase Mortgages
The number of buyers getting…