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Homes Millbrae Pages
Tag Archives: Cnbc
As Prices Rise, Banks Repossess More Homes
“Inventory will likely remain below year-ago levels for a while yet, as builders ramp up capacity and sellers wait to squeeze every drop of equity from their home before listing,” Zillow’s chief economist Stan Humphries said in a release. “But … Continue reading
Rising Rates Scare Borrowers Into Action
Roughly 10 million refinances took place over the past two years, although that may include borrowers who have refinanced more than once, according to Inside Mortgage Finance. From mid-2011 to mid-2012, rates dropped by 100 basis points, making it worthwhile … Continue reading
Posted in Real Estate News
Tagged 100 Basis Points, Borrowers, Cnbc, Corelogic, Diana Olick, Double Edged Sword, Equity Position, Facebook, Fannie Freddie, Fannie Mae, Fannie Mae And Freddie Mac, First Three Months, Freddie Mac, homes millbrae, Housing Finance Agency, Interest Rate Environment, Jumbo Mortgages, Mortgage Finance, Purchasing Power, Refinances, Tight Supplies
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Investors Sue Government Over Fannie, Freddie Stock
The lawsuit, filed in U.S. Court of Federal Claims, comes just as a new bill is being drafted in Congress to reform housing finance and potentially liquidate Fannie and Freddie. Sens. Bob Corker (R-TN) and Mark Warner (D-VA) have been … Continue reading
Posted in Real Estate News
Tagged Anger, Backstop, Bob Corker, Capitol Hill, Cnbc, Diana Olick, Facebook, Fannie Freddie, Few Days, Government Mortgage, Guggenheim Partners, homes millbrae, Jumbo Mortgages, Legislation, Losses, Mark Warner, Private Shareholder, Reverse Mortgages, Seniors, Sens, Taxpayers
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Big Banks Bet on Jumbo Mortgages Again
As home prices rise, though, the opportunity grows in the jumbo market. Sales of homes priced between $750,000 and $1 million were up 41 percent in April from a year ago, while sales of homes priced below $100,000 were down … Continue reading
Posted in Real Estate News
Tagged 1 Million, Affluent Buyers, Association Of Realtors, Bits And Pieces, Borrowers, Chase, Client Customers, Cnbc, Diana Olick, Downfall, Facebook, Fico Scores, homes millbrae, Housing Boom, Jumbo Market, Jumbo Mortgages, Loan Products, National Association Of Realtors, Private Client, Private Label Market, Reits
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Reverse Mortgages Backfiring on Seniors
Experts argue reverse mortgages often are being used today for all the wrong reasons. Seniors now have less home equity, less savings, and more debt. “This was originally contemplated as something you could draw money from over a long period … Continue reading
Posted in Real Estate News
Tagged Aarp, Advocates, Borrowers, Cnbc, Home Values, homes millbrae, Hud, Lenders, Mortgage Counselor, Mortgage Loans, Mortgage Rates, One People, Period Of Time, Prospective Borrower, Reverse Mortgage, Reverse Mortgages, Robert Bennett, Safeguards, Seniors, Transparency, Valuable Tool
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