A steady drop in rates is giving homeowners a second chance to lower mortgage payments, and according to Ellie Mae, lenders in January saw their share of refinancing activity jump.
When will rates rise? No one knows, not even the Fed.
Since the president’s action to lower FHA premiums, economists have tried to estimate the number of existing borrowers that could benefit from the reduction, and the Urban Institute is no different.
Share of low down payment mortgages hits 11-year low...Mortgage rates break their decline streak
The Federal Housing Authority has had a ruling in effect for a number of years that it is considering changing. As industry leaders, we need to take action and seize this opportunity. The results could be a big difference for the industry—and for the economy.
The new guidance for reverse mortgages, which requires that lenders consider both a borrower’s willingness and capacity to pay his or her loan obligations, was delayed.