Are you FHA Streamline Eligible?
Updated Oct. 9, 2013
Although the FHA Streamline Refinance eschews the "traditional" mortgage verifications of income and credit score, as examples, the program does enforce minimum standards for applicants. The official FHA Streamline Refinance guidelines are below. Note that not all mortgage lenders will underwrite to the...

Housing Supply Showing Signs of Stability
Updated Oct. 9, 2013
Housing supply showing signs of stability by Diana Aqra | 19 Jun 2013. Housing starts are up, and inventory is finally showing signs of stabilizing.. Two new reports have indicated that the low inventory that has dogged the housing market may be showing signs of improvement. Data released by the US Census Bureau and...

Interest Rates Are On The Rise!
Updated Oct. 9, 2013
"About the only thing we can hope for short term to help rates is a NFP report that lays an egg or disappoints big time. Anything on number or above and it's hold on. If you haven't locked I suggest you do now before it's too late."7th Level Mortgage has unique programs to fit all qualified buyers needs....

What Is Ahead for Mortgage Rates
Updated Oct. 9, 2013
Mortgage rates rose last week as investors gained confidence in the global economy. China and Europe posted better-than-expected manufacturing rates, U.S. Jobless Claims fell for the second straight week, and the worst of the European debt crisis appears to have passed.Last week's economic news...

Fannie,Freddie Extend Foreclosure Moratorium for Hurricane Sandy Victims
Updated Oct. 24, 2014
Fannie, Freddie Extend Foreclosure Moratorium for Huricane Sandy VictimsJan 31 2013, 3:09PM. Homeowners whose homes were damaged by the late October super-storm Sandy are getting an extension of the mortgage relief extended immediately after the storm. The Federal Housing Administration (FHA) and Fannie...

Qualified Mortgages and the Consumer
Updated Oct. 9, 2013
Friday, February 1st, 2013 | Posted by Scott SheldonQualified Mortgages and The Consumer. Last month, the Consumer Financial Protection Bureau unveiled new rules to help protect consumers from unscrupulous mortgage lending. These rules implement underwriting criteria what constitutes a "qualified...

Big Retail Mortgage Banks Recede, Small Banks Emerge
Updated Oct. 9, 2013
Tuesday, February 5th, 2013 | Posted by RickRoque. As Big Retail Mortgage Banks Recede, Small Lenders EmergeThe early years of the 21st century were a boon for small mortgage lenders in the United States, at least until 2007. The bursting of the housing bubble was merciless for lenders of all sizes, but while some...

Abrupt Reversal For Markets Leaves Rates At Recent Highs
Updated Oct. 9, 2013
Mortgage News Daily.

USDA 100% Financing
Updated Oct. 9, 2013
What Are The Benefits Of A USDA Home Loan?USDA mortgages are structured just like conventional ones via Fannie Mae and Freddie Mac. Where they differ, though, is with respect to downpayment requirements and mortgage insurance.Unlike conventional loans, USDA mortgages have no down payment requirement,...

Improving Housing Market
Updated Oct. 9, 2013
The U.S. housing market has been broadly improving since October 2011 and this month's Improving Market Index may prove to be a roadmap for mobile first-time or repeat home buyers, or bona fide real estate investors in search of medium-term home appreciation.This is because U.S. markets deemed "improving"...

Strongest Year Over Year Gains in 7 Years
Updated Oct. 9, 2013
National Mortgage Professional

Mortgage Rates Slightly Lower Despite Market Weakness
Updated Oct. 9, 2013
Mortgage Rates Slightly Lower Despite Market Weakness. Feb 12 2013, 3:30PM. Mortgage rates continued to inch lower on Tuesday as part of a two day move back down from recent highs. The change in rates compared to yesterday's latest offerings isn't enough to change the prevailing Best-Execution rate...

Fixed Rates Hold at 3.53% for the Week
Updated Oct. 9, 2013
Fixed-Rates Hold at 3.53 Percent for the Week. Thu, 2013-02-14 12:41 -- NationalMortgag.... Freddie Mac has announced the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates unchanged from the previous week, as the 30-year fixed-rate mortgage (FRM) averaged 3.53 percent...

Qualified Mortgages Explained CFPB
Updated Oct. 9, 2013
Niche Report. Saturday, February 16th, 2013 | Posted by TheNicheReport magazine. Qualified Mortgages Explained: CFPB. (CFPB) Recently, we released the Ability-to-Repay rule designed to protect consumers from irresponsible lending and begin to lay the framework for stability in the mortgage market.This...

Small Refi Savings Give Big Boost to Budget
Updated Oct. 9, 2013
Yahoo.com.

How to Impress a Lender
Updated Oct. 9, 2013
MSN Money.

How to Divorce Without Ruining your Credit!
Updated Oct. 9, 2013
Jan Leasure. Thinking of Divorce? How to Divorce without Ruining Your Credit!When pondering how to divorce remember, Knowledge is power and if there is a divorce looming in your future it is important to know how it can affect your credit. Divorce has the potential to destroy your ability to retain ownership of...

How to Compare Good Faith Estimates
Updated Oct. 9, 2013
When you're in the process of buying a property and financing your purchase, you probably would like to make sure your lender is giving you a fair deal.In order to make that determination, you need to get at least two bids from different lenders. They should give you these bids, which show the total costs and...

How Does a Reverse Mortgage Work?
Updated Oct. 24, 2014
How Does A Reverse Mortgage Work?. A reverse mortgage is a loan for senior homeowners that uses the home's equity as collateral. The loan generally does not have to be repaid until the last surviving homeowner permanently moves out of the property or passes away. At that time, the estate has approximately 6...

Mortgae Rates Inch to New 7 Month High!
Updated Oct. 9, 2013
Mortgage Rates Inch To New 7 Month HighsFeb 20 2013, 4:53PM. Mortgage rates avoided the larger-scale swings that they might have considering the important data on tap today. Instead, they merely began the day just barely into their worst levels in about 7 months (depends on the lender, some are improved, others...