News: Mortgage Info
Mortgage Lenders Want Regulatory Relief
March 18, 2015 | Industry News, Mortgage Info
March 18, 2015
Industry News, Mortgage Info

QM, Dodd-Frank choking mortgage lending Trey Garrison, Housing Wire Mortgage lenders and others told the House Financial Services Subcommittee on Financial Institutions and Consumer Credit that the mortgage industry needs regulatory relief, or else borrowers – especially lower income and minority borrowers – will continue to be left out. House Financial Services Committee Chairman Jeb Hensarling, R-Texas, agreed. “I would say of … READ MORE >

RealtyTrac Analysis Points to Millennial-Friendly Markets
March 17, 2015 | Mortgage Info
March 17, 2015
Mortgage Info

It seems counterintuitive, but RealtyTrac said today that persons purchasing homes in the highest priced communities in the US last year made significantly higher down payments on a percentage basis than did those purchasing in the least expensive communities – twice as large as a matter of fact. In the 25 least costly count-ies in the U.S. the average down payment on … READ MORE >

Data Point to Spring Rebound in Housing Market
February 27, 2015 | Home Trends, Mortgage Info
February 27, 2015
Home Trends, Mortgage Info

Wilfredo Lee/AP The number of Americans signing contracts to buy homes rose at a healthy pace in January, a sign that home sales are poised to accelerate after a slow start to the year. The The National Association of Realtors said Friday that its seasonally adjusted pending home sales index increased 1.7 percent to 104.2 last month. December’s figure was also revised … READ MORE >