Published in the Wall Street Journal | July 26, 2014 | Written by Jonathan Clements In June, existing-home sales rose 2.6% from May to a seasonally adjusted annual rate of five million, according to the National Association of Realtors. As usual, a majority of buyers took out a mortgage. The hefty loan involved fundamentally alters the finances […]
The Mortgage Market Is About To Get Smaller
from PropertyManager.com | by Marc Courtenay | February 27, 2014 As 2014 begins a bureau created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, The Consumer Financial Protection Bureau (CFPB), will set new rules concerning mortgages. Lenders will be required to verify and inspect borrowers’ financial records. The rules discourage lenders […]
HARP is a “No Brainer” – FHFA
Feeling that they may have reached only about half of the families who could benefit from the program, the Federal Housing Finance Agency (FHFA) launched a campaign today to inform homeowners about the Home Affordable Refinance Program (HARP). The campaign is aimed at those with higher than prevailing interest rates who are current on their mortgages but have too little […]