Prospective homebuyers may be in for a nasty shock if mortgage interest rates ever return to their “normal” pre-crisis levels. After a few years of super-low rates, a vast …
“QM” Threatens to Change Mortgage Lending As We Know It.
As the real estate industry continues to claw its way back from the Great Recession, the federal government continues to add obstacles. On January 10, 2014, yet another regulation will become …
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New York Fed President Slams Big Banks for Ethical Failures and “Apparent Lack of Respect for the Law.”
Ever since the real estate crash in 2008, mortgage brokers have received a bum rap. Politicians right up to the President have inaccurately used the term “Mortgage Broker” to address the …
Mortgage Lenders Expecting More Regulatory Headaches. How Will This Effect Borrowers?
According to an article published in the National Mortgage News online (Mortgage Lenders’ Many Headaches, 10/02/13), lenders are preparing to deal with a plethora of new regulations and …
Interest Rates Experience Shock and Awe, Thanks To The Federal Reserve
Mortgage interest rates are driven by the Mortgage Backed Securities (MBS) markets, where mortgages underwritten to Fannie Mae and Freddie Mac standards are packaged and sold in the …
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New Streamlined Modification Program To Help Delinquent Borrowers Avoid Foreclosure
Another option will soon be available to help delinquent borrowers avoid foreclosure, as well as help Fannie Mae and Freddie Mac minimize further losses. Beginning July 1, 2013, mortgage …
