Mortgage Acts and Practices
Loan demand ticked up last week, rebounding after last week's big holiday slump.
The 30-year fixed-rate mortgage dropped to a 4.42 percent average this week, falling slightly from last week's highest reading in months, Freddie Mac reports.
Fixed-rate mortgages were on the rise this week on reports of higher home sales and an improving job outlook.
Three of the nation's largest banks are falling short of new standards for dealing with mortgage customers, according to a report released by the Office of Mortgage Settlement Oversight.
Realtors® applaud new rules from the Consumer Financial Protection Bureau that will help home buyers receive timely, accurate, and easy-to-understand information about their mortgage loan before closing.
On behalf of the leading advocate for homeownership and housing issues, NAR President Gary Thomas recommended essential reforms to the current housing finance structure that will benefit consumers.
Residual delays anticipated as programs restart after 16 day lapse.
Mortgage preapprovals are a way for home buyers to know what they can afford. They're also a way to demonstrate commitment to home sellers. So why are they losing favor among lenders?
An increase in mortgage applications for refinancings was offset by a large decrease in applications for home purchases last week, the Mortgage Bankers Association reports.