It’s getting harder to be approved for a mortgage

Some buyers might struggle to gain approval for a home loan as lenders are starting to tighten their credit standards. The Mortgage Bankers Association said that mortgage credit availability, which is a measure of lender’s willingness to approve a home loan, is now at its lowest level since 2014. “Because mortgage credit is more difficult

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Go-To Experts: Kris Lindahl Talks About the COVID-19 Wolf At the Door

Realty Biz News talks with Kris Lindahl about the pitfalls and possibilities of a post-COVID-19 market.

Borrowers are increasingly keeping up with mortgage payments, but for how long?

The number of Americans who’re keeping up with their mortgage payments has hit a twenty-year high, according to data from the Mortgage Bankers Association. The MBA notes that delinquency rates are a key measure of economic success, and are closely watched by economists. It says the last time that a significant number of borrowers stopped

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Don’t worry about adjustable-rate mortgages, experts say

Housing analysts have raised concerns that borrowers are becoming increasingly reckless when taking out so-called adjustable-rate mortgages, similar to the way they were abused in the years before the Great Recession more than a decade ago. The problem is that borrowers are asking for much higher loan amounts than they have been in recent years.

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New Mortgage Loan Disclosure Rules Have Rough Beginning

New mortgage disclosure rules that were slated to come into effect in August were postponed until early October because the industry wasn’t ready. The rules did take effect in early October. As we enter the middle of November, mortgages written in early October are beginning to close. The biggest change is the “Know Before You

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FHFA Plans to Ease Lending Standards

Federal Housing Finance Agency Director Mel Watt on Monday announced plans to expand home buyers’ access to mortgages by loosening up lending standards. During the Mortgage Bankers Association’s annual conference, Watt said FHFA will release guidelines “in the coming weeks” to allow increased lending to borrowers with down payments as low as 3 percent. FHFA,

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Mortgage Credit Availability Reaches 3-Year High

Access to mortgage credit is at its highest level in at least three years, and credit standards are expected to loosen even more this year, according to a newly-released index by the Mortgage Bankers Association.

Rising Mortgage Rates “Unlikely” To Affect Housing Recovery

Experts are predicting mortgage rates to will finally begin to pick themselves up later this year, and when they do, it’s likely that the higher rates will affect move-up home buyers and curb refinancings.

Mega Investors, Real Estate Technology And People

Will real estate based technology replace the human touch? Does it matter? Waypoint Real Estate Group is harnessing technology to purchase homes – thousands of them at the rate of about five to seven every day – and that same technology is being used to keep track of them. Current real estate conditions across the

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The State of Housing & Employment: Cautionary Tales

President Barack Obama, just over a week ago, asked banks to reduce the red tape associated with reducing mortgage payments for some homeowners. For those who could benefit from drastically reduced interest rates, Obama pleaded his case for his plan to help the industry. Meanwhile, so called economic experts quibble over solutions. Obama and his advisers say Real Estate is “the way” to growing the American economy – but what about manufacturing and good paying jobs?

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