As Mortgage Demand Cools and Competition Heats Up, More Lenders Are Planning to Ease Credit Standards Katie Penote

WASHINGTON, DC – More mortgage lenders say they have eased credit standards recently and expect further easing in the coming months, according to Fannie Mae’s second quarter 2017 Mortgage Lender Sentiment Survey®. On net, the share of lenders reporting they have eased mortgage credit standards over the prior three months has ticked up gradually since … Continue reading As Mortgage Demand Cools and Competition Heats Up, More Lenders Are Planning to Ease Credit Standards Katie Penote

Black Knight Financial Services’ First Look at May 2017 Mortgage Data Easing Interest Rates Spur Increase in Prepayment Activity; Delinquencies Pull Back After April’s Increase

Prepayments (historically a good indicator of refinance activity) jumped 23 percent month-over-month, reaching their highest point so far in 2017 Delinquencies reversed course after calendar-driven increase in April, seeing a 7 percent month-over-month decline Inventory of loans either seriously delinquent (90 or more days past due) or in active foreclosure continues to improve, with both … Continue reading Black Knight Financial Services’ First Look at May 2017 Mortgage Data Easing Interest Rates Spur Increase in Prepayment Activity; Delinquencies Pull Back After April’s Increase

CPL fees – when you want them removed from your settlement statement

In regards to the CPL, this fee cannot be removed as they are a requirement for all transaction per IL statute. On August 20, 2010 Illinois Governor Patrick Quinn signed HB5409 (Public Act 096-1454) which mandates the issuance of closing protection letters (CPL) for commercial real property transactions under $2 million and for all residential … Continue reading CPL fees – when you want them removed from your settlement statement

Housing: Buy now — if you can afford it By Roger Ruvolo

Homebuyers beware — Inland Southern California is a tough market for you — and each month it’s getting tougher. May numbers from CoreLogic reveal that median prices have risen year over year in Riverside County ($330,000 to $356,000) and San Bernardino County ($285,000 to $310,000). These are within a few points of all-time highs. Moreover, … Continue reading Housing: Buy now — if you can afford it By Roger Ruvolo

Homes Near Trader Joe’s, Whole Foods Stores Appreciate Faster Homes within a mile of either high-end grocery store begin appreciating faster than other homes after the stores open, Zillow has discovered

SEATTLE, Jan. 25, 2016 /PRNewswire/ -- Your local grocery market has a lot to do with what happens in your local housing market, according to a new analysis by Zillow featured in the paperback edition of Zillow Talk: Rewriting the Rules of Real Estate (Grand Central Publishing, Jan. 26). Specifically, Zillow found that homes grow … Continue reading Homes Near Trader Joe’s, Whole Foods Stores Appreciate Faster Homes within a mile of either high-end grocery store begin appreciating faster than other homes after the stores open, Zillow has discovered

Lenders Loosen Risk Standards as Rates Rise by Aly Yale

Mortgage lenders are taking increased credit risks similar to those of the early 2000s, according to the Q1 Housing Credit Index Report released by CoreLogic on Tuesday. The level of credit risk taken by lenders in Q1 of 2017 was about the same as the average risk taken between 2001 and 2003. According to the … Continue reading Lenders Loosen Risk Standards as Rates Rise by Aly Yale