The Senate Banking Committee has set a hearing to examine the reforms next week
An improvement in senior home values helps drive the increase
One of the persistent snares to housing recovery in the aftermath of the recession was broad unease in the mortgage market.
Loan officers offering the FHA 203k loan program are seeing an upswing in homebuyers interested in the product, but still not as much as they’d expect.
As demand grows ever higher for mortgages, it appears homebuyers are still not doing their homework, reports one real estate website. And that could offer mortgage professionals the perfect opportunity to boost their business.
Existing-home sales eased in March from inventory constraints, which continued to pressure home prices, according to the National Association of Realtors®.
Foreclosures move at a glacial pace in jurisdictions such as Florida and New Jersey, but several other states offer little in the way of consumer protection against overzealous lenders and services that push the boundaries of the law in order to take quick possession of a distressed property.
Good news for the mortgage origination and secondary markets: A recent report published by credit bureau TransUnion indicates that the national home loan delinquency rate has vastly improved over the last few months.