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A wealth of options for money advice
A wealth of options for money advice “The next 10 to 15 years will be spent getting comfortable buying services online,” Kitces, a Virginia-based financial planner who tracks the industry on his Nerd's Eye View blog, said. The range of online tools varies in Banks are often overlooked

Mojo - January 2014
Mojo - January 2014 A Virginia man who claims that as a teenager he was detained, interrogated, and abused in Kuwait at the behest of the Obama administration (a story I wrote about here) has won a key victory in his lawsuit against the government. A George W. Bush

Bank of America Mortgage Rates: 30-Year Refinance Rates and Home Loans for ...
Bank of America Mortgage Rates: 30-Year Refinance Rates and Home Loans for ... In other news, the Mortgage Bankers Association (MBA) reported on Wednesday, that its Market Composite Index, which measures overall mortgage activity, improved 4.7% on a seasonally adjusted basis in the week ended January 17. Loan applications for

Bank of Lancaster Announces Promotions
Randal R. Greene, President and CEO of Bank of Lancaster and Bay Banks of Virginia, reports that the Bank's Board of Directors promoted both Pamela J. Fawver and Robert H. Fleet, III to the office of Senior Vice President. Fawver, a life-time resident

New York compare mortgage lenders and hard money New York compare mortgage lenders and hard money, rates for refinancing and fha mortgage rates today againstmortgage rate ...

Ginnie Mae's Outstanding MBS Balance Approaches $2T

The total outstanding mortgage-backed securities (MBS) at the Government National Mortgage Association or Ginnie Mae in July climbed to $1.98 trillion from $1.85 trillion during the same period a year ago. According to the agency, whose MBS programs directly support housing finance programs administered by the Federal Housing Administration, and other related agencies, its issuance of MBS totaled $36.77 billion in July.

Breaking down these issuances, Ginnie Mae said that they included $35.38 billion of Ginnie Mae II MBS and $1.39 billion of Ginnie Mae I MBS, which includes $1.229 billion of loans for multifamily housing.

Ginnie Mae data indicated that issuances for single-family home loans remained unchanged at $162 million month-over-month. However, they declined from $463 million recorded during the same period last year. Overall issuances for single-family and multifamily loans also declined year over year to $1.3 billion from $1.9 billion during the same period last year.

Which Non-Conventional Loans Do Borrowers Prefer?

Non-conventional loans are most popular in the South Atlantic and West South Central Divisions of the U.S. according to a recent analysis of the 2017 Census Bureau Survey of Construction (SOC), by the National Association of Home Builders (NAHB).

The analysis indicated that despite its popularity in these regions, non-conventional loans accounted for less than a third of the overall mortgage loan market at 30.8 percent. According to the NAHB, non-conventional financing options include loans insured by the Federal Housing Administration (FHA), VA-backed loans, cash purchases and other types of financing that ranges from loans by the rural housing services to loans from individuals, state, or local government mortgage-backed bonds.

Nationwide, the analysis revealed, FHA-backed loans were most preferred by borrowers looking at non-conventional finance methods. These loans accounted for 12.2 percent of market share for the financing of new home purchases. Regionally, FHA-backed loans were popular in the South Atlantic, West South Central, and Pacific divisions.