Tag Archives: Lenders

Mortgage alert: Borrowers change how they cheat

The good news: Fewer borrowers are lying on their mortgage applications. The bad news: The remaining cheaters may be pulling a more dangerous scam. Instead of inflating their home prices, they are now inflating their incomes and assets, according to … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Can the mortgage market crash again?

In fact, the final rules are not as strict as originally proposed. With the housing recovery still in its infancy and facing rising interest rates, regulators were concerned about tightening an already tight lending environment. So could we have another … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Mortgage rates same for loans big and small

“It’s a confluence of events, really, and all of them help the spread between jumbo and conventional loans,” said Matthew Graham, COO of Mortgage News Daily. “Nonagency jumbo lenders began dipping their toes in the water as early as 2011, … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Higher mortgage rates may mean easier credit

(Read more: Mortgage delinquencies suddenly spike) It is likely no coincidence that standards are easing as rates rise and mortgage applications fall. Total mortgage applications were down 47 percent last week from a year ago. Refinances, which had been the … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

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 , , , , , , , , , , , , , , , , , , , , | Leave a comment