Rising rates and increased competition are shrinking profit margins. Still, lenders are more optimistic about the economy than they’ve been in years
The CFPB is proposing a regulatory amendment that would give lenders more leeway in collecting certain demographic information about borrowers
Regional housing markets in Maryland, Massachusetts, New Jersey, and New York are having a harder time rejoicing in the recovery streak that other states have been experiencing since last year. The glut of pending foreclosures and its effect on the housing market is throwing a wrench in the engine of national recovery, and it is coming down to a battle between title and lien theory states.
Just as the clock ticks down on the launch of the 2013 buying season, the Movoto mega site reports that in February days on market has dropped dramatically in its market footprint, which is heavily dominated by California markets.
Sales of previously owned homes rose in nearly every region of the country in January according to an industry report released Thursday. Meanwhile, the supply of homes for sale continued to drop, pushing up property values for the 11th consecutive month of year-over-year gains.
As retrospective analysis confirmed, February’s economic returns have affirmed that the property sector’s recovery has begun to even out.
Although there is some debate as to the origin of the word “mortgage,” the general consensus is that mortgage is a French law term meaning "death contract," meaning that the pledge ends (dies) when either the obligation is fulfilled or the property is taken through foreclosure.