Latest Mortgage News

Central Bank shuts down hopes of mortgage deposit rate cut
Hopes that a new government would see a relaxation of the Central Bank's controversial mortgage lending limits have been dashed, as the bank has said they are “here to stay”. Since the introduction of the 20% deposit requirement and stricter loan to …
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Consumer Reports: Reverse mortgage pitfalls
They see a reverse mortgage as a possible fix. Borrowing against the equity in your home for retirement income can be a good idea, but reverse mortgages have a history of problems. Despite recent reforms, they're still not for everyone. Yet, there are …
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U.S. Mortgage Bond Markets Fluid Despite Minimal Volumes: N.Y. Fed

U.S. Mortgage Bond Markets Fluid Despite Minimal Volumes: N.Y. Fed
The market for U.S. government mortgage-backed securities continues to be profoundly liquid despite signs that trading problems have actually damaged, according to researchers within Federal Reserve Bank of New York. The difference between MBS bid and have prices, …
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MBA: home loan credit a little tightens in January
While small, home loan credit availability fell in January, falling 0.4percent to 123.8, in accordance with the Mortgage Credit accessibility Index from Mortgage Bankers Association. The index analyzes information from Ellie Mae's AllRegs marketplace Clarity company …
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Connecticut courtroom denies mortgage registry's challenge to costs
In a determination affirming an endeavor courtroom's ruling, the Connecticut Supreme legal said the legislature ended up being within its liberties to require the Mortgage Electronic Registration Systems, or MERS, to pay for around three times more in home loan recording costs than …
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Elderly few dealing with eviction after taking out reverse mortgage

Elderly few dealing with eviction after taking out reverse home loan
A retired South Florida instructor along with her husband tend to be battling to stay in their property after taking out a reverse home loan. Neighborhood 10 News consumer investigative reporter Christina Vazquez revealed thousands of complaints submitted resistant to the Texas-based lender.
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Anxiety could be causing you to overpay for the home loan
Rising house prices and higher mortgage rates tend to be adding up to increasingly expensive housing, but fear is making matters worse. A wide swath of borrowers these days may be having to pay too a great deal to their mortgages, simply because they tend to be overly …
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Latest Mortgage News

The outcome For Home Loan REITs
2015 was unkind into the home loan REIT industry. The iShares Mortgage real-estate Capped ETF (NYSEARCA:REM), a container associated with the biggest and most actively traded home loan REITs, is down slightly over 8percent year up to now. Including the big dividend, that …
Find out more on Seeking Alpha

Existing home loan prices Roundup for November 2, 2015: What to Expect from the
Home loan prices ended a week ago roughly consistent with Thursday's rate levels, amid concerns your Federal Reserve may decide to raise its key temporary rate at December FOMC conference. After two straight days of relationship sell-off, investors and …
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Bank of America agrees to 5 million settlement in home loan instance
In line with the Reuters report, BofA ended up being sued by people which purchased to the mortgage securities and didn't know these were risky investments. The shareholder suit was led because of the Pennsylvania Public School workers' pension. BofA has spent …
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How Much Risk Does This Week's FOMC Meeting Pose To Current Mortgage

How Much Risk Does This Week's FOMC Meeting Pose To Current Mortgage
The meeting's outcome may influence U.S. mortgage bonds and result in rising mortgage interest rates nationwide. For home buyers currently floating a rate or actively shopping for loan; and, homeowners wondering whether now is a good time to refinance, …
Read more on The Mortgage Reports (blog)

The Mortgage Professor: Mortgage points: A powerful option often neglected
As I write this article using one of the twin monitors connected to my computer, the other monitor shows an array of interest rate/point combinations on a 30-year fixed-rate mortgage of $ 210,000 as of March 12. There are 17 combinations, ranging from …
Read more on Bellingham Herald