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Jumbo Loans: 4 Things To Know Before Getting Started
Jumbo loans offer an alternative to mortgage lending from other services, such as conventional, refinance and cash-out. The advantage of using a jumbo loan, is that in some cases, you are able to get loans up to $2,000,000, sometimes even higher.
Tips to Finding the Right Mortgage Broker in Canada
Buying a home is exciting. Yet, it can be tiring and laborious. It demands a lot of your time and effort in processing the needed requirements. One of the most tiring steps is shopping for a mortgage. So, if you are a first-time homebuyer who wants to remove some of the headaches from the mortgage process, working with a mortgage broker can be a great help for you.
4 Dangerous Pitfalls to Avoid with Reverse Mortgages
Reverse mortgages can be very useful for seniors trying to survive the cost of retirement. It is estimated that between 2% and 3% of seniors have taken out reverse mortgages. That figure is expected to grow as more seniors discover the benefits that reverse mortgages provide.
Denver Area Family Avoids $513,910 Mortgage Fraud Scam
Canyon Title Inc., a Boston National Company, announced today they will be co-hosting a webinar with fraud prevention expert Tom Cronkright, CEO of CertifID. The webinar, "To Catch A Fraudster," is scheduled for April 14th at 11 a.m. Eastern/9 a.m.
NeighborWorks America housing scam experts available for interviews
In a matter of days, moratoriums are set to expire as millions of people are still struggling to pay their mortgage and rent. Meanwhile, scammers are selling them false solutions. The Consumer Financial Protection Bureau advises that as many as 11
Share of Mortgage Loans in Forbearance Decreases to 4.96 Percent
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 9 basis points from 5.05% of servicers' portfolio volume in the prior week to 4.96% as of March
Commercial and Multifamily Mortgage Delinquencies Decreased in March
Delinquency rates for mortgages backed by commercial and multifamily properties decreased again in March, reaching the lowest level since the onset of the COVID-19 pandemic, according to the Mortgage Bankers Association's (MBA) latest monthly CREF
7 Dos and Don’ts of Getting a Mortgage
One of the best experiences in a person's life is buying that first house. The process can be complicated and even disappointing if a person is not prepared for financing the home purchase. Not many people can pay cash for the first house. Most of us need to secure a home mortgage to buy a home. After planning and saving for years, it is time to buy a home.
THE REAL ESTATE MARKET OUTLOOK FOR 2021
Nobody could ever foresee a global pandemic moving into 2020. It’s spread has left a global economic crisis, businesses counting losses and not forgetting the countless government initiatives to enforce lockdown measures such as social distancing and travel restrictions in aid to tackle the spread
GCAAR housing stats | FEB. ’21
With the median sold price for residential properties up 11.2% compared to February 2020, buyers are acting quickly as the average time on the market was 28 days, 30% below the five-year February average of 40 days.
Seniors: Is the Time Right for Reverse Mortgages?
As housing wealth is increasing, and the uncertainty of the economy continues to trouble seniors planning for, or already in retirement, this may be the right time to consider a reverse mortgage.
IMB Production Profits Remain Strong in Fourth Quarter of 2020, but Decrease from Third-Quarter...
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $3,738 on each loan they originated in the fourth quarter of 2020, down
Commercial/Multifamily Mortgage Debt Increased 5.8 Percent in the Fourth Quarter of 2020
The level of commercial/multifamily mortgage debt outstanding at the end of 2020 was $212 billion (5.8 percent) higher than at the end of 2019, according to the Mortgage Bankers Association's
How to Shop Around for the Best Mortgage Rate
Purchasing a home is a significant financial decision and will likely put you in a considerable amount of loan debt. Applying for a mortgage...
Mortgage Credit Availability Unchanged in February
Mortgage credit availability remained unchanged in February according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae's AllRegs® Market Clarity® business
Making Sense of the Current Real Estate Market
There is no argument that purchasing a house is an absolutely life-changing experience. However, it can be an extremely complex process with potential buyers considering price, location, amenities, school district, and other factors as part of the decision-making process.
Share of Mortgage Loans in Forbearance Increases Slightly to 5.23 Percent
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased by 1 basis point from 5.22% of servicers' portfolio volume in the prior week to 5.23%
MISMO Wins 2021 HousingWire Tech100 Mortgage Award
MISMO, the mortgage industry's standards organization, has been named a 2021 winner of HousingWire's Tech100 Mortgage award. The award criteria were based on technology innovation and impact within the mortgage market.
Mortgage 101: All You Need to Know Before Buying That House
It would come as a shock to many people that very few understand what mortgages are all about and how they work. This has been the reason why many people find themselves with very bad deals once they try to purchase a house
Real Estate Developer Among Four Individuals Charged in Mortgage Fraud Scheme
A federal grand jury has indicted a real estate developer and three others for allegedly participating in a mortgage fraud scheme that defrauded financial institutions out of at least $3 million.
