Whether parents are approaching becoming empty nesters with tears or rejoicing, the fact remains that an increasing percentage of young adults continue living with their parents a study found. Here’s why.
Read More »Do Lenders Favor Changes to the ATR/QM Rules?
Click through to learn about lenders’ sentiments on the loosening of most CFPB regulations, that also include rules on Ability to Pay and Qualified Mortgages.
Read More »Strong Homebuyer Demand Spurs Builder Confidence
The confidence of builders in the housing market remained stable in April, spurred by the increasing demand for housing according to data from the National Association of Home ...
Read More »Up Your Commute Time for a Dramatic Decrease in Home Prices
For Seattle residents, 15 minutes and 40 minutes in the rush hour traffic could mean the difference between owning a home that costs over $900,000 and one that ...
Read More »Rent in Manhattan but Buy a Home in Baltimore
Manhattan, New York and Santa Barbara, California are among the most expensive places to buy a home, but the best places to rent, while Baltimore, Maryland and Clayton ...
Read More »How Do Closing Costs Differ Across the Country?
The top closing costs by state and core based statistical area were just released in a recent report. See how locations stack up.
Read More »Mortgage Bank Profits Flip Back to Positive
The Mortgage Bankers Association (MBA) reported Tuesday that independent mortgage banks and mortgage subsidiaries of chartered banks posted a net profit of $954 on each loan originated in the year's second quarter. The report represents a significant turnaround from the first quarter, when mortgage banks took a net loss of $194 for each loan.
Read More »Mortgage Banking Profits Dive 44% in 2013
According to the Mortgage Bankers Association (MBA), independent mortgage banks and mortgage subsidiaries of chartered banks earned an average $1,242 on each loan originated in 2013, down 43.5 percent from $2,199 the previous year. MBA's VP of industry analysis, Marina Walsh, called 2013 net production profits "respectable," even with the massive decline.
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