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3 States Account For Half Of The Country’s Foreclosures And They’re Not Named “Illinois” Or “Ohio”
Since 2007, foreclosures have dominated national real estate news. You can’t turn on the news or open a paper without seeing at least one foreclosure-related story. But for all of the discussion, even two-and-a-half years after the peak of the housing market, home foreclosures continue to be…Read the full post at http://www.themortgagereports.com More: continued here [...]
Continue reading...Messing With The Mortgage Gods : 9 Different Ways Your Mortgage Approval Could Go Bad
25. April 2009
Excuse the rerun, but this post first ran in December 2008. It’s still relevant and worth a re-read. I’ve made some updates to reflect today’s market but the song remains the same. Mortgage rates have followed an interesting pattern lately that I’m dubbing the Plunge-and-Surge. In Plunge-and-Surge…Read the full post at http://www.themortgagereports.com More: continued here [...]
Continue reading...What Mortgage Rates Will Do Over The Next 30 Days (April 2, 2009 Edition)
25. April 2009
I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey is now available. The Bankrate.com survey is for conforming mortgages. It does not apply to FHA mortgages, VA mortgages, jumbo mortgages, or foreign national mortgages. For rate quotes, email me…Read the full post at http://www.themortgagereports.com More: continued here
Continue reading...8 Ways You Can Unwittingly Sabotage Your Mortgage Approval
25. April 2009
Mortgage rates are hovering near all-time lows. It’s all over the news and the White House is telling Americans the time may be right to look at refinancing their mortgage. But just because rates are low and the government is developing programs like Making Home Affordable doesn’t mean that the…Read the full post at http://www.themortgagereports.com More: [...]
Continue reading...What Mortgage Rates Will Do Over The Next 30 Days (March 26, 2009 Edition)
25. April 2009
I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey is now available. The Bankrate.com survey is for conforming mortgages. It does not apply to FHA mortgages, VA mortgages, jumbo mortgages, or foreign national mortgages. For rate quotes, email me…Read the full post at http://www.themortgagereports.com More: continued here
Continue reading...For How Long Is A Mortgage Rate Quote Valid? Currently, Less Than 6 Hours.
25. April 2009
As stock markets finish a quarter marked by high volatility, mortgage pricing seems to have settled down a bit. Last month, for the first time in more than a year, mortgage lenders held their morning pricing all the way through market close. This is an odd development, though; incongruent with…Read the full post at http://www.themortgagereports.com More: [...]
Continue reading...I’m Looking At My HUD-1 Settlement Statement: What Is A Closing Cost and What Is A Prepaid Item?
25. April 2009
Signing mortgage paperwork can be unsettling for people. No matter how many times a person has signed a HUD-1 Settlement Statement in their lifetime, there’s something about that form that mentally makes them drop on the deck and flop like a fish. Settlement statements are confusing, no bones about…Read the full post at http://www.themortgagereports.com More: [...]
Continue reading...Why You’ll Want To Lock Your Mortgage Rate Before The Fed Adjourns April 29, 2009
24. April 2009
The Federal Reserve meets next week for a policy-setting meeting. It’s one of 8 scheduled Fed meetings this year in which the Federal Open Market Committee votes on whether to raise, lower, or leave unchanged the Fed Funds Rate. The Fed Funds Rate is the rate at which banks lend…Read the full post at http://www.themortgagereports.com More: [...]
Continue reading...How The Future Of FHA Mortgage Guidelines Is Tied To Defaults And Delinquencies
24. April 2009
If you’ve been a loan officer long enough, you start to notice certain trends emerge in mortgage rates, mortgage products, and in the market overall. Here’s an easy trend that even the lay can understand: When loan defaults spike, mortgage guidelines get tight. It’s why I’m telling you for the…Read the full post at http://www.themortgagereports.com More: [...]
Continue reading...What Mortgage Rates Will Do Over The Next 30 Days (March 19, 2009 Edition)
24. April 2009
I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey is now available. The Bankrate.com survey is for conforming mortgages. It does not apply to FHA mortgages, VA mortgages, jumbo mortgages, or foreign national mortgages. For rate quotes, email me…Read the full post at http://www.themortgagereports.com More: continued here
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25. April 2009
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