Finding the Best Mortgage



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A fundamental mistake many realtors make (even the most experienced) occurs when he or she first talks to a potential buyer. As soon as the realtor learns the potential buyer isn’t preapproved for a loan, they frequently do one of two things. Either they tell the potential client they don’t work with unapproved buyers or […]

Negative equity holding back potential sellers



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Existing-home sales are up nearly 5 percent from last year, but sales would be much higher if it wasn’t for the negative equity overhang, economists say.

CoreLogic: 89% of US homes had equity in 2014



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Eighty-nine percent of all U.S. properties with a mortgage — or about 44.5 million — had equity by the end of the fourth quarter of 2014, according to CoreLogic.

Can a “domino effect’ kick-off a new housing boom?



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Home prices between the top and bottom segments of the housing market are rising, which could unleash a “domino effect” that builds first-time and move-up buyer momentum this year

Mortgage groups call on CFPB to remove its “Rate Checker” tool



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Several mortgage groups are calling on the Consumer Financial Protection Bureau to remove its newly released consumer mortgage education tool, the “Rate Checker”

$5K Extra Reward on Offer for HAMP Borrowers



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The government is throwing in more incentives to keep borrowers who modify their loans through the Home Affordable Modification Program current on their mortgages.

New Mortgage Rules Should Loosen Tight Credit Standards



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Fannie Mae and Freddie Mac’s new lending guidelines went into effect Monday, which are expected to help loosen up the tight credit standards that home buyers and refinancers have faced in recent years.

New FHFA Policy Lets Ex-owners Buy Back Foreclosed Homes



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The Federal Housing Finance Agency announced a new policy that will permit some foreclosed home owners to purchase the homes back that they once had lost at fair market value.

Realty Trac: Median Price of Distressed Homes up 18%



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The median price of distressed residential properties, which are those that are either in the foreclosure process or owned by a bank, jumped up by 18 percent year-over-year in October

CAR Applauds FHFA Decision to Conform Loan Limits



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The California Association of Realtors (CAR) has come out in support of the Federal Housing Finance Agency’s decision to keep the 2015 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac at $417,000