Breaking News
  • FHA will not cut mortgage insurance premiums

    The Federal Housing Administration released details on the health of its flagship Mutual Mortgage Insurance Fund on Thursday, revealing a positive economic net worth of $34.86 billion and an acceptable ratio of capital reserves at 2.76%. The numbers are markedly better than last year, but FHA Commissioner Brian Montgomery said that doesn’t mean the agency will be reducing mortgage insurance premiums any time soon. Click the headline to read more.

Items Tagged with 'refi'

ARTICLES

  • Looking for the best time to refinance? Wait until 2020

    Interest rates to dip substantially
    “Both the consensus and financial markets are coming around to our view that the Fed will cut interest rates in 2020, but we still think they are underestimating how soon and how fast the Fed’s policy cycle is likely to turn,” said Capital Economics in a note to clients.
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  • Capital Economics: Mortgage apps likely stuck in a rut in 2018

    Interest rate hikes not helping
    Home purchase demand remains largely unchanged since 2016, according to a report from Matthew Pointon, a property economist at Capital Economics. That, couple with persistently low property inventory and looming rate hikes mean mortgage app performance next year is set to “meh.”
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  • FHFA: Are you eligible for HARP?

    Chart shows massive amount of eligible borrowers left
    In the first quarter of 2014, the number of mortgages refinanced through the program was 76,930. Meanwhile, in the state of Florida alone, there are 82,435 loans eligible for HARP now. But the FHFA is quickly shifting into overdrive to change this.
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  • Did HARP fail 8 million homeowners?

    President's "big deal" headed for a big flop
    In his 2012 State of the Union address, President Barack Obama hinted at expanding HARP to include non-Freddie Mac and Fannie Mae loans. The plan could help more than 11.4 million borrowers refinance and save an average $3,000 a year on mortgage payments. It never happened.
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  • From HW Magazine

    Staying in the black

    Outsourcing can mitigate declining mortgage volumes and increasing regulations
    There are ways mortgage bankers can maintain reasonable profit margins while facing rapid volume changes, new mortgage rules and increasing investor requirements, writes industry expert David Green.
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  • Mortgage apps up 11.9%

    Applications gain for week ending January 10
    Mortgage applications increased 11.9% from a week ago, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending Jan. 10, 2014.
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