Tag Archives: mortgage

Home prices are not the only determining factor when looking at affordable living options. In fact, markets with cheapest homes are not necessarily always the most affordable.

Mortgage loan application defects took an unexpected turn in August and declined 2.4 percent, but there are questions as to whether or not loan defects will continue this downward trend.

As more consumers catch up on their mortgage payments, employment progresses, and home prices rebound, the housing market continues to improve and exhibit more stability.

While not as substantial as June's increase, Freddie Mac's total mortgage portfolio still expanded in July, this time at a compound annualized rate of 0.8 percent, according to Freddie Mac's July 2015 Monthly Volume Summary released on Wednesday.

Fannie Mae is revamping its affordable loan program to offer creditworthy borrowers with low and moderate incomes the opportunity to obtain a mortgage, according to a Tuesday announcement.

Edward Demarco challenges the issue of taxpayers guaranteeing repayment for three out of every four mortgages by suggesting that Fannie Mae and Freddie Mac be reformed and removed from taxpayers pockets.

Banks reported stronger demand for mortgage loans and eased lending standards in a number of categories, suggesting positive growth in the second half of the year, according to the Federal Reserve July 2015 Senior Loan Officer Opinion Survey on Bank Lending Practices.

The Consumer Financial Protection Bureau (CFPB) has issued a request for information regarding its consumer complaint database after going live with an enhanced version of the database last week, according to the CFPB. The CFPB's new enhanced public-facing consumer complaint database, which went live on June 25, included more than 7,700 consumer accounts of complaints that consumers have had with financial companies with regards to the way their mortgages, accounts, credit cards, debt collection, and other services are handled.

Mortgage credit availability reached its peak in August 2004, recording an index score of 134.6. Access began to drop over the next several years. Then, in May 2007, both the housing and mortgage availability began a multiple year plunge, leaving home values down more than 22 percent and credit the tightest it had been in years. In September 2010, the ZMAI bottomed out at 9.6. Today, the ZMAI currently sits at 71.5 and access to mortgage credit has improved significantly, and is roughly two-thirds of the way back to the 2002 pre-crisis level of 100.

Leonard Rosen was a news anchor on the Financial News Network in the 80's. Mr. Rosen also hosted the Leonard Rosen show which appeared nationally. Mr. Rosen is ...