More people are confident in qualifying for a mortgage
LendingTree report shows student loans are the big issue
With the recent fall of interest rates, an influx of new originations have hit in the market. For many organizations, the surge was overwhelming and issued challenges to many service level agreements--especially in regards to underwriting turn times.
In a letter to U.S. President Barack Obama, the association urged him to update his speech material to reflect the current realities of the mortgage business, particularly with individual mortgage professionals and the role of the CFPB.
Lagging court cases and the constant changes to mortgage modification programs may be the reason as to why many troubled home owners could skirt the law and keep their homes without ever having to pay another dime.
Is this the way of the future? Bank of America is making great strides in being on the forefront of mortgage technology with the addition of video mortgage bankers and the launching a new web-based tool that is aimed at guiding consumers to down payment and closing cost assistance programs available in their region.
Younger buyers demand more energy efficient homes… Which cities should you avoid for an easier drive to work?... Warnings over South Florida housing market…
Pending home sales in February increased to their highest level since June 2013 as sizeable gains in the Midwest and West offset smaller declines in the Northeast and South, according to NAR.