Most Recent Mortgage News

‘Canary in the coal mine’: How rising consumer debt could signal mortgage troubles

‘Canary in the coal mine’: How rising consumer debt could signal mortgage troubles

The company’s PTI metric compares a borrower’s monthly debt obligation to their gross monthly income. Satyan Merchant (pictured top), SVP...

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Treasuries hold recent gains as inflation gauge stabilizes

Treasuries hold recent gains as inflation gauge stabilizes

US Treasuries retained most of their recent gains as anticipation of Federal Reserve interest rate cuts held firm after the...

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Credit unions see profits rise in Q1: BoE   – Mortgage Strategy

Credit unions see profits rise in Q1: BoE   – Mortgage Strategy

Credit unions saw the overall interim profit of these firms rise by 12.2% to £12.8m in the first quarter of...

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You Need a Buffer When Tapping Your Home Equity

You Need a Buffer When Tapping Your Home Equity

I sometimes forget your average homeowner doesn’t know it all when it comes to mortgages. They’re complex and confusing and...

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How honest rate advice from brokers motivates buyers in an ‘illiquid market’

How honest rate advice from brokers motivates buyers in an ‘illiquid market’

“We’ve accepted that a certain percentage of loans, no matter how hard we work, will cancel,” Germanides said. “For example,...

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FHA is also adopting the UAD 3.6 appraisal format

FHA is also adopting the UAD 3.6 appraisal format

The Federal Housing Administration, which receives the largest share of mortgage applications among the government guarantors, is adopting the UAD...

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Deutsche Bank   – Mortgage Strategy

Deutsche Bank   – Mortgage Strategy

Homeowners looking to remortgage three-year-old deals this year will see their monthly payments double in new agreements, says Deutsche Bank....

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Chase Brings Back Their Home Equity Line of Credit. Is It a Good Deal?

Chase Brings Back Their Home Equity Line of Credit. Is It a Good Deal?

About five years ago, Chase Bank got rid of its home equity line of credit (HELOC) due to market conditions....

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NAMB urges broker vigilance as CFPB review of LO Comp rule continues

NAMB urges broker vigilance as CFPB review of LO Comp rule continues

“Of particular concern is that even if the CFPB rescinds its LO Comp rule, the underlying statutory provisions from the...

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Maryland community bank bucks trend, pins hopes on mortgages

Maryland community bank bucks trend, pins hopes on mortgages

When Mark Hanna told his banker friends that the Maryland-based community bank he leads was planning to buy a mortgage...

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