New data from Black Knight, Inc. has found that most mortgages have a rate below 5%, which reflects current drops in refinance activity, as well as cash-out and rate/term locks.
Read More »Finance of America Launches New Loan Program
The new loan product will allow borrowers to refinance their primary mortgage with second mortgages for accessory dwelling units.
Read More »Cities Where Homeowners Could Save the Most From Refinancing
Mortgage rates have toppled to record lows, sparking an opportunity for homeowners to refinance their mortgages and, possibly, ease the strain on their wallets.
Read More »Downward Trend for Defects in Loan Applications
According to First American Financial Corporation’s Loan Application Defect Index, the frequency of defects, fraud, and misrepresentation submitted in mortgage loan applications in July fell 5% from the ...
Read More »What Is Driving the Increase in Refinances?
Ellie Mae’s latest report looked into the factors that contributed to the rise in refinances and the outlook for home purchases in traditionally busier spring months. Here’s what it revealed.
Read More »Low-Risk Home Lending Is “Paying Dividends”
A report finds out how today’s careful lending environment is leading to fewer foreclosures and creating a better mortgage market.
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