Tag Archives: national mortgage professional magazine

Overhaul of Mortgage Servicers is Proposed

The Consumer Financial Protection Bureau (CFPB) has proposed a sweeping set of rules that would overhaul a much criticized industry: mortgage servicers. Click Here to Read More!

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Home Prices Increase – Underwater Homes Keeps Inventory Low

Tight market conditions fueling price increases – Home prices saw the largest spring gain in a quarter century during the three months through May, but the sluggish economy [..]

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Delinquencies Rise for First Time in 9 Months

The total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) stood at 7.12 percent. Lender Processing Services Inc. (LPS) has reported the [..]

Foreclosures, General Info, Mortgages , , , , ,

Thirty-Year Mortgages Hit Low of 3.84 Percent

Fixed mortgage rates have hit NEW ALL-TIME RECORD LOWS, as the 30-year fixed-rate mortgage averaged 3.84 percent, with an average 0.8 point for the week ending May 3, [..]

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Stunned Home Buyers Find Bidding Wars Are Back

A new development is catching home buyers off guard as the spring sales season gets under way: Bidding wars are back.  SO… Is now the time to buy [..]

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New Mortgage Rule on Disputed Debts Might Hamper Homebuyers Seeking FHA Loans

A little-noticed mortgage rule change that took effect April 1 could create hassles for significant numbers of homebuyers who plan to use low-down-payment FHA financing this year.

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FHA Cuts Could Save Borrowers with Re-Finance $3,000 Annually

Tue, 2012-03-06 17:20 — NationalMortgageProfessional Acting Federal Housing Administration (FHA) Commissioner Carol Galante has announced significant price cuts to the FHA’s Streamline Refinance Program that could benefit millions [..]

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Home Prices Continue to Slide in Latest Case-Shiller Report

Tue, 2012-01-31 17:04 — National Mortgage Professional Magazine Data through November 2011, released by S&P Indices for its S&P/Case-Shiller Home Price Indices, showed declines of 1.3 percent for [..]

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