Mortgage

December 15, 2016

Report Finds Many ‘Unscoreable’ Consumers ‘Creditworthy’

Many consumers without traditional credit scores are nevertheless creditworthy and could qualify for mortgages, according to recent research.  Millions of people considered unscoreable by conventional standards […]
December 14, 2016

Homeowners See Equity Rise 11%

The amount of equity homeowners hold grew by $726 billion, or 10.8%, in the third quarter of 2016 versus the year before, according to data from […]
December 12, 2016

FHA to Increase Loan Limits for 2017

The Federal Housing Administration will increase its national loan limit “floor” to $275,665 in 2017 from $271,050. This limit is set at 65% of the national […]
December 8, 2016

Mortgage Credit Availability Continues to Climb

Access to mortgage credit continued its recent upward trend in November.  The Mortgage Bankers Association said that its Mortgage Credit Availability Index (MCAI), increased by 1.6% […]
December 7, 2016

Existing Home Sales Hit 9-Year High in October

Sales of previously owned homes unexpectedly climbed in October to the highest level since February 2007, a sign of momentum in the housing market a month […]
December 6, 2016

Foreclosure Starts Fall to 11-Year Low

Foreclosure starts dropped to the lowest level recorded since January 2005, according to Black Knight Financial Services’ (BKFS) October First Look report.  In total, there were […]
November 22, 2016

Modest Economic Growth Expected in 2017

The U.S. economy is expected to continue growing modestly in 2017, but the unknown about policies to be enacted by President-elect Donald Trump’s administration pose both […]
November 16, 2016

Is the Future of the CFPB at Stake?

Republican lawmakers and big names on Wall Street have been trying to weaken or abolish the Consumer Financial Protection Bureau since it was created more than five years […]
November 15, 2016

U.S. Mortgage Rates Rise Post Election

The average interest rate on U.S. 30-year fixed-rate mortgages rose to its highest level in five months with rising Treasury yields, according to mortgage finance agency […]