Tag Archives: Mortgage Lending

Mortgage Lending Loosens…But Far From Loose

Rates have been trending lower of late due to trouble overseas and the weak U.S. employment picture. That uncertainty continues to send investors to the safety of the 10-year Treasury, pushing yields lower. Mortgage rates loosely follow those yields. But … Continue reading

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Housing’s Recovery Means Fewer Can Afford Homes

Rising home prices are not the only factors hitting home affordability. Fees charged to lenders by Fannie Mae and Freddie Mac (known as “guarantee fees” for bundling and selling mortgages) began rising dramatically in the past month and are now … Continue reading

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Attention Mortgage Shoppers, Could Walmart Be Next?

They also want better service and transparency. Although most respondents to the survey showed satisfaction with primary banks (81 percent), many expressed frustration that could push them to find a lending alternative. Top on the list of gripes: “slow execution.” … Continue reading

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Housing Still Precarious in Obama’s Second Term

The housing market is on the slow road to recovery. Home prices in the last three months rose in 120 out of 149 metropolitan markets surveyed by the National Association of Realtors. Compare that to just 39 rising metros a … Continue reading

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CitiMortgage CEO on Tight Credit: ‘There’s Nothing Wrong with People Making Profits’

Mortgage rates are at record lows, but they could be even lower. Several reports recently have documented why the spreads between mortgage bonds and mortgage rates have widened so much, but few have agreed as to why mortgage rates have … Continue reading

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Regulator Claims New Rules Will Loosen Mortgage Lending

Ask any real estate agent, home builder or home buyer what is the biggest barrier to entry in today’s housing market, and the likely answer will be: tight credit. The lax lending of the latest housing crash is no more, … Continue reading

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Calif. Warns Hispanics of Foreclosure Scams

The California Department of Real Estate has issued a consumer alert to help Spanish-speaking consumers avoid home foreclosure rescue scams. The department said it issued the alert in response to numerous cases that involve scammers targeting non-English-speaking, Latino homeowners. “Based … Continue reading

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State warns Latinos of foreclosure scams

The California Department of Real Estate has issued a consumer alert to help Spanish-speaking consumers avoid home foreclosure rescue scams. The department said it issued the alert in response to numerous cases that involve scammers targeting non-English-speaking, Latino homeowners. “Based … Continue reading

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REAL ESTATE: December Inland home sales, prices drop – Press

Southern California home sales surged last month from November, following the usual seasonal trend, but sales and median prices throughout the region, including those in Riverside and San Bernardino counties, dropped from a year earlier, reflecting tight mortgage lending and … Continue reading

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Is It Really That Hard to Get a Mortgage?

The realtors say it, the home builders say it, the architects say it, I’ve said it: For better or worse, tight mortgage lending standards are one of the big roadblocks to housing’s recovery. Now one economist is saying that’s not … Continue reading

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