Tag Archives: Mortgage Finance

Forget easing prices, new homes are up, up, up

Existing home price gains decelerated in July on the Case-Shiller index, likely due to the sharp jump in mortgage rates, but the gains were still sizable and unlikely to abate much. That’s due simply to lack of supply. The number … Continue reading

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Private mortgage insurers back in black post-crash

There are now six private mortgage insurers, which together wrote nearly $49 billion in new business in the second quarter, up 27 percent from the first quarter, according to data from Inside Mortgage Finance. Of the publicly traded insurers, MGIC, … Continue reading

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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

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Jumbo Mortgage Divide Starts Shrinking

“The jumbo market has heated up, as tight lending guidelines have drastically reduced consumer late payments, strategic defaults, and foreclosures,” wrote Julian Hebron, a mortgage banker in California and author of the blog The Basis Point. “This gives investors confidence … Continue reading

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Americans Are Using Their Houses as ATMs Again

With home prices up 8 percent year-over-year in December, according to the latest reading from CoreLogic, homeowners are regaining home equity at a fast clip—1.4 million borrowers rose above water on their mortgages through the end of September. That number … Continue reading

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