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Study Shows Consumers Aren’t Shopping around for Mortgages

A recently released study done by the Consumer Financial Protection Bureau (CFPB) found nearly half of Americans looking to purchase a home do not do their due diligence by shopping around for mortgage lenders. Rather, the survey found potential borrowers seriously consider only one lender, and that lender is often someone they’re already working with […]
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Your Budget: Rethink These Modern-Day ‘Necessities’

Compare your monthly expenses to those of your grandparents (maybe even your parents), and you’ll probably find that your expense list is quite a bit longer. Over the decades, more and more conveniences, habits, and gadgets have found their way into our everyday lives. And gradually we’ve accepted them as normal, even necessary. (For instance, […]
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Share of First-Time Buyers Falls to Lowest Point in 27 Years

Despite an improving job market and low interest rates, the share of first-time buyers fell to its lowest point in nearly three decades and is preventing a healthier housing market from reaching its full potential, according to an annual survey released recently by the National Association of REALTORS®. The survey additionally found that an overwhelming […]
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Share of First-Time Buyers Falls to Lowest Point in 27 Years

Despite an improving job market and low interest rates, the share of first-time buyers fell to its lowest point in nearly three decades and is preventing a healthier housing market from reaching its full potential, according to an annual survey released recently by the National Association of REALTORS®. The survey additionally found that an overwhelming […]

Posted on

Share of First-Time Buyers Falls to Lowest Point in 27 Years

Despite an improving job market and low interest rates, the share of first-time buyers fell to its lowest point in nearly three decades and is preventing a healthier housing market from reaching its full potential, according to an annual survey released recently by the National Association of REALTORS®. The survey additionally found that an overwhelming […]

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Positive Equity Is Driving Down Defaults

Homeowners with positive equity in their homes have fewer problem loans and are outperforming the national average for defaults. Their default rates are close to pre-crisis norms. The latest data from Lender Processing Servicers shows that the overall equity trend has been a very positive one. “LPS’ latest data shows that the share of loans […]
Posted on

Positive Equity Is Driving Down Defaults

Homeowners with positive equity in their homes have fewer problem loans and are outperforming the national average for defaults. Their default rates are close to pre-crisis norms. The latest data from Lender Processing Servicers shows that the overall equity trend has been a very positive one. “LPS’ latest data shows that the share of loans […]

Posted on

Positive Equity Is Driving Down Defaults

Homeowners with positive equity in their homes have fewer problem loans and are outperforming the national average for defaults. Their default rates are close to pre-crisis norms. The latest data from Lender Processing Servicers shows that the overall equity trend has been a very positive one. “LPS’ latest data shows that the share of loans […]

Posted on

HARP Mortgage Refinancing Program Extended by Two Years

(MCT)—Underwater homeowners with Fannie Mae- and Freddie Mac-backed mortgages will be able to try to refinance their mortgages for another two years. The Federal Housing Finance Agency announced Thursday that Fannie and Freddie’s Home Affordable Refinance Program, which was set to expire Dec. 31, will be extended until the end of 2015. “More than 2 […]
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HARP Mortgage Refinancing Program Extended by Two Years

(MCT)—Underwater homeowners with Fannie Mae- and Freddie Mac-backed mortgages will be able to try to refinance their mortgages for another two years. The Federal Housing Finance Agency announced Thursday that Fannie and Freddie’s Home Affordable Refinance Program, which was set to expire Dec. 31, will be extended until the end of 2015. “More than 2 […]