Tag Archives: borrowers

Borrowers Face Higher Mortgage Rates

Posted on March 17, 2017 by Debbie Prosser

Daily Real Estate News | Friday, March 17, 2017 For the second consecutive week, mortgage rates were on the rise. “As expected, the [Federal Reserve’s Federal Open Market Committee] announced its first rate hike of 2017 and hinted at additional increases … Continue reading →

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FHA Strong Enough for MIP Cut, Analysis Suggests

Posted on February 24, 2017 by Debbie Prosser

Daily Real Estate News | Friday, February 24, 2017 Is now a good time for FHA to reduce hurdles to homeownership with a lower mortgage insurance premium? NAR says yes, but the Trump administration and some members of Congress aren’t … Continue reading →

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Existing-Home Sales Jump in January

Posted on February 22, 2017 by Debbie Prosser

WASHINGTON (February 22, 2017) — Existing-home sales stepped out to a fast start in 2017, surpassing a recent cyclical high and increasing in January to the fastest pace in almost a decade, according to the National Association of Realtors®. All … Continue reading →

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Survey: Despite TRID, Closing Hiccups Persist

Posted on February 20, 2017 by Debbie Prosser

Daily Real Estate News | Friday, February 17, 2017 More than half of lenders last year gave loan estimates to home buyers that later had to be revised before closing, according to a new survey released by ClosingCorp, a provider … Continue reading →

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The Big Down Payment Myth

Posted on February 15, 2017 by Debbie Prosser

Daily Real Estate News | Wednesday, February 15, 2017 Having the spare capital to put 20 percent down on a home purchase is great, but it’s certainly not the norm. Still, many people think it is and that belief may … Continue reading →

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Lenders Aim for 21-Day Closing Window

Posted on January 13, 2017 by Debbie Prosser

Daily Real Estate News | Friday, January 13, 2017 In an era of bloated closing times, some lenders are looking to quicken the pace it takes to get a buyer to the settlement table. Some lenders are retooling operations and … Continue reading →

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HARP Extended to 2017 as Bridge to New Refi Program

Posted on August 29, 2016 by Erin Johnston

Daily Real Estate News | Monday, August 29, 2016 The Federal Housing Finance Agency is extending the Home Affordable Refinance Program (HARP) until Sept. 30, 2017. The FHFA estimates that more than 300,000 home owners could still benefit by refinancing … Continue reading →

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Fannie Mae Tweaks 3% Loan Program

Posted on July 29, 2016 by Erin Johnston

Daily Real Estate News | Thursday, July 28, 2016 Fannie Mae announced that it has changed income maximums and some eligibility criteria for its HomeReady mortgage program that it believes will allow more borrowers to qualify for a mortgage with … Continue reading →

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Average Time to Close: 45 Days

Posted on June 17, 2016 by Erin Johnston

Daily Real Estate News | Thursday, June 16, 2016 For home buyers financing a home purchase, they should expect about 45 days to close, according to the latest Origination Insight Report from Ellie Mae. Last month the average closing time … Continue reading →

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