Tag Archives: loan

How Big a Gamble is a Condemned Home?

Posted on October 12, 2017 by Debbie Prosser

Daily Real Estate News | Wednesday, October 11, 2017 It could be the deal of a lifetime or your client’s worst nightmare. But just because a house has been condemned doesn’t mean it can’t be a fit for buyers who … Continue reading →

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More Owners Are Using Their Equity Again

Posted on August 29, 2017 by Debbie Prosser

Daily Real Estate News | Tuesday, August 29, 2017 Home prices continue to rise and more homeowners are tapping into their home equity, making home equity lines of credit and cash-out mortgage refinances popular again. Home equity line originations jumped 8 percent to … Continue reading →

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HARP Extended Through 2018

Posted on August 23, 2017 by Debbie Prosser

Daily Real Estate News | Wednesday, August 23, 2017 The Federal Housing Finance Agency announced that it is extending HARP, a popular government refinancing program, through Dec. 31, 2018. The Home Affordable Refinance Program was to expire on Sept. 30. … Continue reading →

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New Program to Help Buyers Bypass Appraisals

Posted on August 22, 2017 by Debbie Prosser

Daily Real Estate News | Monday, August 21, 2017 Mortgage giant Freddie Mac has announced a new program allowing some home buyers to skip a traditional appraisal, which could lower the fees the buyers pay and speed up the closing … Continue reading →

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Loan Demand Gets a Lift From Rate Drop

Posted on August 9, 2017 by Debbie Prosser

Daily Real Estate News | Wednesday, August 09, 2017 Interest rates dropped last week, giving homeowners and home buyers more incentive to lock in a lower rate as they apply for a mortgage. Total mortgage application activity for home buying … Continue reading →

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Mortgage Rates Aren’t Budging

Posted on August 4, 2017 by Debbie Prosser

Daily Real Estate News | Friday, August 04, 2017 Mortgage rates have mostly held steady the past few weeks, with the 30-year fixed-rate loan still averaging below 4 percent. “The 10-year Treasury yield was relatively flat this week, as was … Continue reading →

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How Long Does It Take to Get a Mortgage?

Posted on June 14, 2017 by Debbie Prosser

Daily Real Estate News | Tuesday, June 13, 2017 Home shoppers may need to plan for more time than they realize when they’re starting the process of obtaining a mortgage. “Today’s mortgage process is very involved, particularly with regard to … Continue reading →

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12M New Households, 1M Fewer Homeowners

Posted on June 12, 2017 by Debbie Prosser

Daily Real Estate News | Monday, June 12, 2017 What will it take to make homeownership a national priority? Despite the addition of about 11.8 million households between 2006 and 2016, there are roughly 1 million fewer homeowners today than … Continue reading →

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House Votes to Repeal Key Aspects of Dodd-Frank

Posted on June 9, 2017 by Debbie Prosser

Daily Real Estate News | Friday, June 09, 2017 The House voted on Thursday, mostly along partisan lines, to roll back many of the banking rules under the Dodd-Frank Act of 2010, which increased regulatory oversight of financial institutions. Some … Continue reading →

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