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Fannie, Freddie to Cut Mortgage Balances for Thousands of Homeowners

Fannie, Freddie to Cut Mortgage Balances for Thousands of Homeowners | Homeownership | Scoop.it
Thousands of homeowners will be eligible to have their mortgage balances cut under a plan approved by the federal regulator of mortgage-finance companies.
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Latest Mortgage Applications Data

Latest Mortgage Applications Data | Homeownership | Scoop.it
Today’s report on mortgage applications from the Mortgage Bankers Association indicates that the government shutdown has had an impact on the housing market...
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This should have been expected, today was a GREAT day to lock an interest rate and tomorrow looks good as well! 

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Fannie Mae to roadshow its debut “risk-sharing” mortgage bond

Fannie Mae to roadshow its debut “risk-sharing” mortgage bond | Homeownership | Scoop.it
Government-supported mortgage giant Fannie Mae will be officially kicking off the investor roadshow for its debut “risk-sharing” mortgage-backed security over the next two weeks, according to three investors that have been briefed on the upcoming...

Via Russ Bergeron
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Mortgage Rates Expected To Drop Though Mid-August

Mortgage Rates Expected To Drop Though Mid-August | Homeownership | Scoop.it
Mortgage rates continue to trend lower. Rates of all types improved last week, and this week should see the same. See today's rates now.
Patricia Mahony's insight:

Call me to quote an an interest rate for ya!!!

 

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6 steps to get the best mortgage rate

6 steps to get the best mortgage rate | Homeownership | Scoop.it

“If you're in the market for a mortgage, chances are you've been instructed to shop around for the best rates. But just because you've been told to shop around doesn't mean you know how.

 

First, you'll need to contact a lender to get your credit scores. Craig March, a personal mortgage consultant with Inlanta Mortgage in Janesville, Wis., says you should share your credit scores with other lenders rather than letting each one you contact pull your credit history, because multiple inquiries could lower your scores.”


Via The New Media Moguls
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Jim White's curator insight, August 2, 2013 2:12 PM

#JimWhiteRealtorVancouverWA

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10 mortgage rules to live by - realestate.com.au

10 mortgage rules to live by - realestate.com.au | Homeownership | Scoop.it
Ever wonder how successful property owners manage to stay on top of their mortgage? Wonder no more as Your Mortgage outlines 10 rules to make your mortgage work for you.
1.
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Great article no matter what country you reside in!

 

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Secrets Of A Mortgage Loan Officer - Forbes

Secrets Of A Mortgage Loan Officer - Forbes | Homeownership | Scoop.it
Eagle's Rant
Secrets Of A Mortgage Loan Officer
Forbes
The takeaway for the consumer: Mortgage rates available at an independent loan originator, whether it's a broker or a small banker, won't be higher than those offered through a big bank.
Patricia Mahony's insight:

This is a great article! Details why you should call me for your mortgage!  I have the knowledge and experience to take care of the difficulties and be sure your mortgage loan is approved!!!

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Homeowners: Don’t be caught flat-footed when interest rates rise

Homeowners: Don’t be caught flat-footed when interest rates rise | Homeownership | Scoop.it
Mortgage rate decreases of the past several years have lulled us into thinking interest rates are an uncertain but basically benign variable in buying a home.
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Great article!!!! I can help with this!!

 

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Rising mortgage rates could push up housing demand | Inman News

Rising mortgage rates could push up housing demand | Inman News | Homeownership | Scoop.it
Now is the time to buy a home! Rising mortgage rates could push up demand | Inman News http://t.co/JRLOtrFTmq via @sharethis #AllenTate
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Six Percent Mortgage Rates Could Come Sooner Than You Think | Mortgage News | Daily National and State Headlines

Six Percent Mortgage Rates Could Come Sooner Than You Think | Mortgage News | Daily National and State Headlines | Homeownership | Scoop.it
Homeowners have enjoyed rock-bottom mortgage rates for years now.
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Call me for your purchase or refinance before this happens!!!!

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Rising mortgage rates threaten surging home prices - USA TODAY

Rising mortgage rates threaten surging home prices - USA TODAY | Homeownership | Scoop.it
Rising mortgage rates threaten surging home prices
USA TODAY
New home sales surged in May, and home prices soared in April, but rising mortgage rates threaten future gains, economists say.
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The days of ridiculously low mortgage rates are history as Fed signals a ... - New York Daily News

The days of ridiculously low mortgage rates are history as Fed signals a ... - New York Daily News | Homeownership | Scoop.it
New York Daily News
The days of ridiculously low mortgage rates are history as Fed signals a ...
New York Daily News
Lucy Blair, a 27-year-old employee at a local digital strategy firm, was in no rush to buy an apartment - until last week.
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Mortgage Rates Rise for 6th Straight Week

Mortgage Rates Rise for 6th Straight Week | Homeownership | Scoop.it
According to Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.98 percent (0.7 point) for the week ending June 13, up from 3.91 percent last week.
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The new mortgage rules and you - Rightmove Property Blog

The new mortgage rules and you - Rightmove Property Blog | Homeownership | Scoop.it
If you’re looking for a new property, you’ll need to make sure your paperwork is in order to get through the new affordability checks.
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Bernanke Is Terrified Of Higher Mortgage Rates And The Debt Ceiling Debate - Forbes

Bernanke Is Terrified Of Higher Mortgage Rates And The Debt Ceiling Debate - Forbes | Homeownership | Scoop.it
Brisbane Times Bernanke Is Terrified Of Higher Mortgage Rates And The Debt Ceiling Debate Forbes In his post-FOMC press conference, Fed Chairman Ben Bernanke made it clear that he had lost control of the market, causing a tightening of financial...
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Warning! Mortgage Rates Are Definitely Headed Higher - Motley Fool

Warning! Mortgage Rates Are Definitely Headed Higher - Motley Fool | Homeownership | Scoop.it
NYSEBulletin
Warning! Mortgage Rates Are Definitely Headed Higher
Motley Fool
I have no idea what mortgage rates are going to do tomorrow, next week, or next month.
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Clearer Mortgage Rules, No-Fee Refinances Key To President's Plan For Middle ... - The Consumerist

Clearer Mortgage Rules, No-Fee Refinances Key To President's Plan For Middle ... - The Consumerist | Homeownership | Scoop.it
Clearer Mortgage Rules, No-Fee Refinances Key To President's Plan For Middle ...
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Where to get a low-down-payment mortgage - MSN Real Estate

Where to get a low-down-payment mortgage - MSN Real Estate | Homeownership | Scoop.it
The FHA is not the only place to get a home loan without putting a lot down. In fact, it may not be the best option. Here are 5 alternatives. (Don't have a lot of $$ for a down payment?
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VIDEO: CFPB Tightens Mortgage Lending Rules on Jumbo Loans and for Self-Employed Borrowers

VIDEO: CFPB Tightens Mortgage Lending Rules on Jumbo Loans and for Self-Employed Borrowers | Homeownership | Scoop.it
CNBC's Diana Olick reports a U.S. consumer watchdog group has made mortgage policy changes on banks in an effort to protect borrowers from the ills of the past decade.

Via Baton Rouge Real Estate News
Patricia Mahony's insight:

Yep, Here we go again!!!  You need an experienced loan originator to get your loan approved.  Knowledge is KEY!

 

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Baton Rouge Real Estate News's curator insight, July 18, 2013 11:58 PM

VIDEO: CFPB Tightens Mortgage Lending Rules on Jumbo Loans and for Self-Employed Borrowers


CNBC offers a video and article on the new mortgage rules and how they will affect certain groups of borrowers more than others, those borrowers seeking larger jumbo mortgages and self-employed borrowers.  This article and video is located at the link below.


http://www.cnbc.com/id/100463449

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A Refinance Mortgage Loan Can Make Sense For You | Destination Raleigh

A Refinance Mortgage Loan Can Make Sense For You | Destination Raleigh | Homeownership | Scoop.it
Are you searching for a way to finance your kids' college educations? Do you dream of taking the trip of a lifetime?
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House knocks down bills on Obamacare, mortgage aid - The Sun

House knocks down bills on Obamacare, mortgage aid - The Sun | Homeownership | Scoop.it
House knocks down bills on Obamacare, mortgage aid
The Sun
THE HOUSE AND SENATE. This week, Beacon Hill Roll Call records local representatives' votes on three roll calls from prior legislative sessions.
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Rise in mortgage rates cuts into home buyer demand

Rise in mortgage rates cuts into home buyer demand | Homeownership | Scoop.it
NEW YORK (Reuters) - Expectations the Federal Reserve will slow its economic stimulus program by the end of the year pushed mortgage rates higher last week, sapping demand from potential home buyers, data (Rise in mortgage rates cut into homebuyer...
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This doesn't have to be the case!  Call me to structure your loan and make it as affordable as you need your mortgage to be......

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Piggyback Mortgages, Once Scorned, Come Back - Fox Business

Piggyback Mortgages, Once Scorned, Come Back - Fox Business | Homeownership | Scoop.it
Piggyback Mortgages, Once Scorned, Come Back
Fox Business
... country, it is $417,000.
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Call me for your next purchase!  Our rates are GREAT!

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Treasury Rates up; Mortgage Affordability Drops - Town Hall

Treasury Rates up; Mortgage Affordability Drops - Town Hall | Homeownership | Scoop.it
Treasury Rates up; Mortgage Affordability Drops Town Hall I have people who I pre-approved for a mortgage early last week prior to the FOMC meeting, and now that they are getting their contracts accepted and ratified are shocked to learn mortgage...
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Now's the Time to Start Worrying About Mortgage Rates - DailyFinance

Now's the Time to Start Worrying About Mortgage Rates - DailyFinance | Homeownership | Scoop.it
Motley Fool Now's the Time to Start Worrying About Mortgage Rates DailyFinance The Fed also has a significant asset purchase program going on -- to the tune of $40 billion in the agency mortgage-backed security market, and $45 billion in the...
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