DSnews Author: Brian Honea October 15, 2014 Several mortgage lenders have asked the Nevada Supreme Court to reverse a decision it made in September that a homeowners association’s (HOA) super priority lien can extinguish a first deed of trust nonjudicially on a residential property. Last month’s ruling, which was issued by only a 4-3 […]
Tag: mortgage
Nearly 70 Percent of Industry Professionals See Lower Down Payment As Positive
Author: Brian Honea December 11, 2014 The majority of mortgage industry professionals said they believed that the lowering of the down payment to 3 percent for first-time homebuyers by Fannie Mae and Freddie Mac was a step in the right direction for the housing market, according to the Collingwood Group‘s November 2014 Mortgage Industry Outlook Report […]
Should you pay off your mortgage when retiring?
BY: Rodney Brooks, Coloradoan November 5, 2014 It was different back in the day. You worked 30 years, got a watch and a pension. Your health care was probably provided by your company’s retiree insurance plan, or even your union. And a highlight of retirement was the ceremonial burning of the mortgage […]
First Quarter Housing Affordability Edges Higher
DSNews BY: Colin Robins May 13, 2013 A decrease in median home prices coupled with steady mortgage rates helped contribute to higher housing affordability in the first quarter of 2014, according to the National Association of Home Builders (NAHB). NAHB, coupled with Wells Fargo, recently published their Housing Opportunity Index (HOI), which found 65.5 percent of new and […]
Fannie Mae’s Book of Business Declines in Q1
DSNews BY: Krista Franks Brock May 5, 2014 Fannie Mae’s book of business declined for the first three months of this year, ending the first quarter with a monthly compound annualized rate of -1.8 percent. Over the first quarter, the GSE’s book of business declined at a compound annualized rate of 2.2 percent. The last time […]
Florida’s Housing Market Is On the Rise
DSNews BY: Paul Salfen April 23, 2014 More good news has surfaced in the housing market, this time in Florida. According to Florida Realtors, the housing market reported higher median prices, more new listings, and a stable level of inventory in March. Closed sales of single-family homes statewide totaled 20,081 last month, up 2.8 […]
Yearly Asking Price Gains Slow Despite Solid Monthly, Quarterly Gains
DSNews BY: Colin Robins May 9, 2014 Nationally, asking prices rose 0.8 percent month-over-month in March and 2.8 percent quarter-over-quarter in April. Yet asking prices rose a mere 9.0 percent year-over-year, the smallest gain in 11 months according to an analysis of data from Trulia’s Price Monitor and Rent Monitor. With monthly and quarterly increases holding steady, […]
Mortgage Delinquency Rate Continues to Drop
DSNews BY: Colin Robins May 7, 2014 The mortgage delinquency rate declined to 3.61 percent at the end of the first quarter of 2014, according toTransUnion’s latest mortgage report. Overall, the mortgage delinquency rate has dropped 24 percent in the last year, and has experienced nine consecutive quarters of decline. Currently, the rate is […]
Credit Standards Stay Put for Prime Mortgage Products
DSNews BY: Tory Barringer May 6, 2014 A newly released survey of senior loan officers around the country finds credit standards remained largely the same on basic prime mortgage products over the latest quarter, while demand came in weaker. According to the Federal Reserve’s Senior Loan Officer Opinion Survey, released Monday, 14.3 percent […]
Delinquency Rates Drop to Lowest Since 2008
DSNews – By: Colin Robins, February 21, 2014 The Mortgage Bankers Association (MBA) released its National Delinquency Survey Thursday, reporting the seasonally adjusted rate for delinquent mortgages is 6.39 percent, the lowest level since 2008. The figure represents mortgage loans for 1 to 4 unit residential properties, and takes into account all loans outstanding at the […]
