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Fannie Mae Increasing Max DTI to 50%, Upping LTVs for ARMs

There’s been a lot of talk lately about mortgage lenders easing credit standards as refinance volume wanes and purchase activity remains constrained by limited inventory. Because more and more new entrants (many so-called disruptors) have joined the fray, and there’s a smaller pool of eligible mortgage borrowers, risk appetite is expected to rise in coming… Read More »Fannie Mae Increasing Max DTI to 50%, Upping LTVs for ARMs

The post Fannie Mae Increasing Max DTI to 50%, Upping LTVs for ARMs appeared first on The Truth About Mortgage.

loanDepot Has a 150-Day Rate Lock for Those Who Want Today’s Rates This Summer

I came across a flyer today from loanDepot advertising a 150-day rate lock for borrowers interested in today’s mortgage rates, who are worried (like everyone else) that they’ll be a lot higher later this year. It’s not unusual for mortgage lenders to offer 60- or 90-day rate locks for those just beginning the loan process,… Read More »loanDepot Has a 150-Day Rate Lock for Those Who Want Today’s Rates This Summer

The post loanDepot Has a 150-Day Rate Lock for Those Who Want Today’s Rates This Summer appeared first on The Truth About Mortgage.

What happens after the Fed’s rate hike?

Once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good?

Mortgage demand drops to a 25-year low, as interest rates climb – CNBC

Mortgage demand drops to a 25-year low, as interest rates climb  CNBC

This Month Is Expected to Be the Most Competitive Month in Housing Market History

You knew the housing market was hot, but the hottest of all time? Apparently, yes. A new report out from real estate brokerage Redfin reveals that January is “shaping up to be the most competitive month in housing history.” While potentially great news for home sellers, it’s the worst thing a prospective home buyer wants… Read More »This Month Is Expected to Be the Most Competitive Month in Housing Market History

The post This Month Is Expected to Be the Most Competitive Month in Housing Market History appeared first on The Truth About Mortgage.

Making Home Affordable Refinance Program Frequently Asked Questions – FAQ

Lots Of  People Looking To Refinance A couple of days ago I did a pretty long post talking about the new “Making Home Affordable” program that the Obama administration passed earlier this year.  In that post I  gave a 10,000 foot view of the plan, what it is designed to do, and who will qualify […]

The post Making Home Affordable Refinance Program Frequently Asked Questions – FAQ appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

Real Estate Investing in New York

Today’s guest is Michael Pinter, a friend and investor out of New York. Every market has different challenges to it, and North Eastern markets are no different. In fact, they may present some of the biggest challenges for new investors. Today Michael shares how things are different for investors in New York, from the closing process to marketing differences, overcoming the ‘New York Attitude’, to how things differ with various exit strategies. Ready? Let’s jump into the show!

Rising Mortgage Rates: Should I Buy a House Now or Wait Until 2023?

Because of the volatility in the housing market and economy, you may be thinking if now is the best time to buy a house or whether it’s better to wait until 2023. However, if you’ve been waiting for your ducks to line up, it may be a tough choice. How Rising Mortgage Rates Are Affecting… View Article

The post Rising Mortgage Rates: Should I Buy a House Now or Wait Until 2023? first appeared on Total Mortgage.

WTFinance: Student Loans Explained

Truth is, there is a lot to be excited about when it comes to college: new friends, a new routine, (college parties!), and more independence. But along with all these perks, it’s also time to start thinking about your finances. Whether you’re reaching your final year of high school or just planning your education ahead

The post WTFinance: Student Loans Explained appeared first on MintLife Blog.

Lenders convince buyers to ‘marry the house and date the rate’

With mortgage rates expected to climb even higher, lenders are cutting closing costs and launching new programs to court buyers.