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New mortgage rules tough enough: Opposing view
New mortgage rules tough enough: Opposing view This rule would have dissuaded many lenders from originating mortgages outside those very tight boundaries, thus limiting credit — with disproportionate harm to low-income and first-time buyers. With sound underwriting, banks don't need such high down

Banks Cut as Mortgage Boom Ends
Banks Cut as Mortgage Boom Ends The Mortgage Bankers Association next week plans to cut its 2014 forecast for loan originations, which include loans for home purchases and refinancing. The current forecast of $1.2 trillion would represent the lowest level in 14 years. The trade group 

Lenders fear squeeze from mortgage rules
David Stevens, head of the Mortgage Bankers Association, said that the elimination of bad practices in the industry, such as no-document and no-interest loans, has erased 95 percent of all default risk in the market. With those loans gone, he predicted

'Worst of all worlds' for mortgage lending in fourth quarter
'Worst of all worlds' for mortgage lending in fourth quarter Looking at the broad market, mortgage applications plunged almost in half last year, led by dwindling interest from borrowers looking to refinance, as rates rose, according to the Mortgage Bankers Association, an industry group. The decline has forced

Nov 2006 Peter Schiff Mortgage Bankers Speech Part 1 of 8

In 2006 Peter Schiff tells over 1000 mortgage brokers they are about to be out of jobs. Watch how he completely nails the coming real estate ...

Mortgage Loan Rates Show Small Moves as New Applications Drop Again

On an unadjusted basis, the MBA’s composite index also fell by 3% week over week. The seasonally adjusted purchase index decreased by 2% compared with the week ended July 27. The unadjusted purchase index also fell by 2% for the week and was 2% lower year over year.

The MBA’s refinance index decreased by 5% week over week, and the percentage of all new applications that were seeking refinancing rose from 37.1% to 36.6%.

Adjustable rate mortgage loans accounted for 6.3% of all applications, down from 6.4% in the prior week.

According to the MBA, last week’s average mortgage loan rate for a conforming 30-year fixed-rate mortgage remained unchanged at 4.84%. The rate for a jumbo 30-year fixed-rate mortgage slipped from 4.76% to 4.74%. The average interest rate for a 15-year fixed-rate mortgage dipped from 4.29% to 4.26%.

The contract interest rate for a 5/1 adjustable rate mortgage loan decreased from 4.17% to 4.07%, backing off an all-time high. Rates on a 30-year FHA-backed fixed-rate loan rose from 4.78% to 4.83%.

condo association - mortgage?

My mortgage lender needs a condo questionnare filled out for one of many process in order to get a loan. the condo association said that in order for them to fill it out.

High; but state specific. In VA, we can charge $100 for a basic disclosure package; no lawyer involved.