Cheaper Homes Just Got More Expensive

Cheaper Homes Just Got More Expensive

One of the US’s largest banks made a subtle, but important change last month that could have big implications for entry-level homebuyers. That bank raised the cost of mortgages on lower priced homes significantly. If this change is adopted system wide, it could create...
Reach of New Risky Loans Still Modest

Reach of New Risky Loans Still Modest

Despite reports of a rise in non-QM lending, participants in NAR’s 1st quarter Survey of Mortgage Originators indicated that the non-QM share of the market was anemic. While the non-QM market shrank the share of loans that fall under the “rebuttable presumption” rose...
Lenders Give Dodd-Frank a Second Look

Lenders Give Dodd-Frank a Second Look

The Dodd-Frank regulations were intended to correct many of the problems witnessed during the build-up to the subprime financial crisis. In recent quarters, market participants and politicians have debated both tweaks to and wholesale replacement of the Dodd-Frank...
Sometimes, Shopping Will Save Your Clients Money!

Sometimes, Shopping Will Save Your Clients Money!

The rule of thumb for potential mortgage borrowers is to get three quotes. Unfortunately, few follow through and it could possibly cost them money. As a trusted advisor, you can help your client by recommending mortgage rate search engines as well as multiple lenders,...
Rates Moderate, For Now

Rates Moderate, For Now

After surging in the wake of the election, mortgage rate are back on the decline. The average rate for a 30-year fixed rate mortgage was 3.97 percent for three-day period ending April 19th according a release from Freddie Mac this morning. Lower rates should help...