Sales exceeded year-ago figures, but were still the second lowest of 2017
Thousands of families stand to benefit from relaxed limit
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.
Profits at Fannie Mae, a government-sponsored entity (GSE) dedicated to guaranteeing mortgages originated in the United States, have been very positive lately. Instead of reinvesting or distributing the profits among Wall Street investors, however, Fannie Mae will be transferring dividends to the U.S. Treasury.
Jumbo mortgages are traditionally associated with luxury homes and other residential properties typically located in neighborhoods where higher costs of living tend to keep middle and working class house hunters away.
An "option agreement" is a contract used in real estate investing that gives you the right to purchase a property for an agreed upon price up to a certain time frame.
California-based lender saw first quarter 2013 mortgage loan originations soar 85% higher than originations during first quarter 2012.
(CNBC) Applications for U.S. home mortgages rose last week, fueled by demand for refinancing as interest rates fell to the lowest level of the year, data from an industry group showed on Wednesday.