Tag Archives: Mortgage Applications

New Foreclosures Plummet, but Fall Is Temporary

As such, the impact on foreclosure starts, while significant now, is likely to be temporary as the industry adapts to the new requirements, according to LPS’s Herb Blecher. In other words, the settlement designed to protect borrowers from faulty foreclosure … Continue reading →

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Home Builders Need Mortgage Bankers to Keep Recovery Alive

A jump in signed contracts to buy newly built homes in September brought volumes to the highest level since April of 2010, when the home buyer tax credit temporarily infused the housing market. The median price of a newly built … Continue reading →

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How Does the Fed Help My House, My Mortgage?

For those of you who expected to wake up to a 30-year fixed rate mortgage below 3 percent, you may as well go back to sleep. Yes, rates moved down, 0.125 percent, according to several sources, but that was not … Continue reading →

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Will Fed’s Mortgage Buying Juice the Housing Recovery?

Home prices are stabilizing, and new construction is bouncing back, but apparently the U.S. Federal Reserve isn’t buying a bullish housing recovery.  Its announcement Thursday that it would buy up to $40 billion in agency mortgage-backed securities every month, with … Continue reading →

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Will Fed’s Mortgage Buying Juice the Housing Recovery?

Home prices are stabilizing, and new construction is bouncing back, but apparently the U.S. Federal Reserve isn’t buying a bullish housing recovery.  Its announcement Thursday that it would buy up to $40 billion in agency mortgage-backed securities every month, with … Continue reading →

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