Mortgage Finance News

By Sara Sutachan | Relevant news pertaining to real estate finance.

Consumers Are Unaware of Low-Down-Payment Loan Options

Affordability constraints and a lack of awareness about low-down-payment mortgage options are tempering confidence about buying a home, according to …

Where can I get my credit score?

You actually have more than one credit score. Credit scores are calculated based on the information in your credit reports. If the information about …

DPR Homeownership Program Index released: Nearly 2,500 Programs Available to Homebuyers

<b>Homeownership Program Funding Up Slightly; Nearly 2,500 Programs Available to Homebuyers</b><p><b>Atlanta, GA, June 9, 2016</b> – Atlanta-based Down Payment …

Real Estate

Supreme Court to consider Miami's predatory lending suit against Bank of America, Wells Fargo

The U.S. Supreme Court announced Tuesday that it will hear arguments during its next term on whether the city of Miami can sue <b>Bank of America</b> and</b> …

California home prices may have slowed, but it won't be for long

CoreLogic's June report finds that loan refinancing doesn't make sense for a lot of current homeowners in the U.S. Forecasts predict mortgage rates …

Mortgages

LA Foreclosure Activity Down More Than 20 Percent In One Year

A sure-fire sign of an improving real estate market is the fall of foreclosure activity, and luckily those trends are down throughout the nation for …

Are Subprime Mortgages Back, And What's It Mean If They Are?

I’m going to try to be cheerful about this, but I’m not.I got invited last week to a very fancy small luncheon with a top Wall Street …

Mortgages

The Catch-22 Facing Young Homebuyers

The complex millennial generation stirs up a lot of talk in the mortgage industry, mostly because they have come to be known as the financially …

Down Payment Assistance Programs Save Qualifying Homebuyers More Than $17,000 on Average Over Life of Loan - Newsroom and Media Center

<i>Average Assistance Covers 3 Percent Down Payment in 82 Percent of 513 Markets Analyzed;</i> <i><br>Average Assistance Short of 3 Percent Down in NYC, DC, Salt</i> …

Real Estate

Financial firms lead stocks lower after a weak jobs report

Banks and other financial companies led a modest decline in U.S. stocks Friday after a report indicating that hiring slowed sharply in May put investors in a selling mood.<p>The market slide snapped a two-day winning streak and sent bond prices surging as investors sought safety in U.S. …

Money

California Realtors Press FHA for Direction on PACE Liens

The California Association of Realtors has renewed its push for promised Federal Housing Administration guidance that would make Property Assessed …

A Big Surprise for Lenders in Trended Mortgage Data

When a consumer refinances or pays off her house in preparation for moving, you might expect her to reduce other debts to help get the new mortgage …

Court Wins Set Important Precedent for Paperless Mortgages

Two recent court rulings affirmed that lenders can enforce electronically signed and transferred notes, laying important groundwork for wider …

FHA Proposes New Consumer Protections on Reverse Mortgages

"As we grow older as a nation, we have a responsibility to ensure reverse mortgages remain a safe, secure and sustainable financial option for future …

Attorney General Kamala D. Harris Issues Consumer Alert on Mortgage Loan Modification Scams

Los Angeles, California - Attorney General Kamala D. Harris issued a consumer alert today to warn homeowners about mortgage loan modification scams. …

21 Tips For First-Time Homebuyers

First-time homebuyers can easily be caught off guard by unexpected surprises. Here are 21 tips that will quickly get homebuyers up to speed and ready …

Houses

Private Lenders Remodel the Mortgage Market

TARZANA, Calif.—Mike Klemens, 81 years old, is a bridge player, real-estate investor and part of a new generation of private lenders helping reshape the American home-mortgage market.<p>From his ranch-style house in the hills above the San Fernando Valley, he services home loans financed from his …

Mortgages

Student Debt: How it Impacts Housing

By Mikkie Mills<p>Credit: Pixabay.com<p>Having student loan debt doesn’t deny your approval for a mortgage loan right off the bat, but it can definitely be …

Mortgage applications up just 0.4%, despite rates near three-year lows

Despite interest rates hitting recent lows, the number of people applying for a mortgage barely moved last week.

Real Estate

Equifax: Mortgage Write-Offs in Q1 2016 at Nine-Year Low

ATLANTA, May 10, 2016 /PRNewswire/ -- According to data from the April 2016 Equifax <i>National Consumer Credit Trends Report</i>, the total balance of …

HUD Secretary Castro, Panelists Discuss Housing Opportunities for Young Adults Repaying Student Debt

WASHINGTON, May 10, 2016 /PRNewswire/ -- Struggles exist for many young adults trying to become homeowners, and the burden of repaying their student …

Executive Conversation: Brian Fitzpatrick on the future of loan origination

SPONSORED CONTENT<p><i>Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the</i> …

CFPB: Changes to TRID coming soon

In a huge win for the industry, the <b>Consumer Financial Protection Bureau</b> is taking another look at the Know Before You Owe rule, answering calls to …

MBA: Mortgage applications barely move

It was another quiet week for mortgage applications despite it being peak-buying season, reiterating other industry reports that Spring is yet to …

Equifax: Write-offs hit 9-year low for first quarter

Write-offs for home equity lines of credit and home equity loans totaled $9.5 billion for the first quarter 2016, a nine-year low for the first …

First Guaranty Mortgage goes digital, buys goodmortgage.com

The market for online mortgage lending just got a new competitor.<p><b>First Guaranty Mortgage Corp.</b> is acquiring goodmortgage.com, an online mortgage …

Mortgages

CFPB Official Previews Final Mortgage Servicing Rule

DALLAS — The Consumer Financial Protection Bureau is expected to finalize its second round of mortgage servicing rules in July, a top agency official …

Mortgage assistance program gets $383.3 million to help struggling homeowners

Updated:Saturday, August 20 2016 10:19 PM EDT2016-08-21 02:19:54 GMT<p>More than one hundred faith and community leaders set out Saturday on a 150-mile …

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