Can’t get a Mortgage? Try a Bigger Lender



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Demand for mortgages rose during the second quarter, but a strong divergence between larger and smaller lenders in underwriting credit standards is appearing.

RealtyTrac: 21% of Foreclosures are ‘Zombies’



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Zombie foreclosures are still haunting the housing market, representing one in every five foreclosures nationally, according to RealtyTrac, a housing data firm.

Short Sales Falling Out of Favor with Underwater Homeowners



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Real estate professionals say that their underwater sellers are less likely to consider a short sale, even if faced with foreclosure.

Most Buyers Misjudge Down Payment Requirements



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Many consumers are overestimating the down payment they need in order to purchase a home, according to Christina Boyle, vice president and head of single-family sales at Freddie Mac.

Would You get a Mortgage from Google or Amazon?



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In an interesting study published by RealtyTrac, it’s been revealed that many people would prefer to get a mortgage through Google or Amazon rather than a traditional lender.

Survey: Most Buyers Underestimate Impact of PMI



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Sixty-five percent of home owners with private mortgage insurance (PMI) say that the additional cost has prompted them to pay a higher monthly mortgage payment than they had originally expected

Tips to get Approved for your Mortgage



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With new mortgage rules and regulations in place, buyers may face more obstacles when applying for a mortgage.

Trouble Lies Ahead for Two Million Borrowers



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About 2 million borrowers with modified mortgages are facing interest rate hikes, according to Black Knight’s April Mortgage Monitor Report.

Fannie Mae: We Need E-Mortgages Now



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An electronic mortgage process could cut 30 days off the average 52 days it takes to close a loan, according to a team developed by Fannie Mae to study e-mortgages.

With DeMarco out the Way at FHFA, it’s Back to Business as Usual



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Whether these policies are “misguided” or “guided by a higher power” ( i.e. wall street bankers), it is clear that the Obama Administration has no intentions of correcting any of the problems that led to the 2008 housing crisis.