Although a recent CFPB study may have shown that many home buyers do not shop for their mortgage, a recent lender survey reveals a little different story (Loans Online). It seems, contrary to what CFPB says, many people
It seems the upcoming cut in the FHA annual mortgage insurance premium may not just help spur some new home buying activity but, may once again stimulate the refinance business (FHA Refis). This is good for lenders (who offer FHA financing), consumers who will
It’s the old “Good news; Bad news” scenario. The good news is that home prices are on the rise; the bad news is that home prices are on the rise (Home Prices). With home values increasing, many who own a home that was previously underwater see
Recently, the Administration has been talking loud about programs which can help more people realize their dream of home ownership. In a recent speech in Arizona, the President announced the cut in the annual FHA premium for 30 year loans of 50 basis points, explaining
Maybe lowering the FHA annual mortgage insurance premium or reducing the required down payment are not enough to get more potential home buyers access to credit (Access to Credit). The intention of these changes is to
CFPB, in connection with FHFA, has found that all too many home buyers do not shop for their mortgage financing. It seems that, although consumers will go online and shop for homes, cars, TVs and whatever, they just don’t take the time to investigate mortgage rates and/or...
The economy is up; the economy is down. Unemployment numbers are improved but accompanied by a drop in labor force participation. Job growth is good but income growth is stagnant. Read what Fannie Mae, Chief Economist Doug Duncan has to say