News

It hasn’t been this hard to get a mortgage in six years

2020-09-14T06:31:07-07:00

By Kathleen Howley Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% to 120.9 last month, the lowest since March 2014, indicating stricter requirements to get loans. [...]

It hasn’t been this hard to get a mortgage in six years2020-09-14T06:31:07-07:00

BE CAUTIOUS OF #FALSEADVERTISING & #BAITANDSWITCH #LENDERTACTICS

2020-03-17T07:28:35-07:00

By Carissa Abazia Here is more information you can share with your clients, colleagues, friends and family who are asking about 0-3% interest rates. Again, mortgage rates are not affected by Sunday's fed rate cuts. Here is the first problem we must deal with: The media gets their information about rates from what Fannie Mae [...]

BE CAUTIOUS OF #FALSEADVERTISING & #BAITANDSWITCH #LENDERTACTICS2020-03-17T07:28:35-07:00

March 16, 2020 – A QUICK NOTE ABOUT WHAT IS GOING ON IN THE MORTGAGE INDUSTRY PART II

2020-03-17T07:21:54-07:00

By Carissa Abazia The Federal Fund Rate is the overnight borrowing rate that banks get when they borrow money from the federal reserve.  This rate was 0.75% last week and now it is 0.00% to 0.25%. There are a lot of questions out there about the interest drop the Federal Reserve just completed. The Federal [...]

March 16, 2020 – A QUICK NOTE ABOUT WHAT IS GOING ON IN THE MORTGAGE INDUSTRY PART II2020-03-17T07:21:54-07:00

March 16, 2020 – A QUICK NOTE ABOUT WHAT IS GOING ON IN THE MORTGAGE INDUSTRY PART I

2020-03-17T07:18:59-07:00

By Carissa Abazia The Fed Reserve cut its benchmark interest rate to zero on Sunday, the second such emergency rate cut this year in response to the coronavirus. We wish mortgage rates would be 0%! However mortgage rates don’t follow the Fed Rates. Although the Fed funds rate is indirectly tied to mortgage rates, it’s [...]

March 16, 2020 – A QUICK NOTE ABOUT WHAT IS GOING ON IN THE MORTGAGE INDUSTRY PART I2020-03-17T07:18:59-07:00

Officials spar with senators over plan for mortgage giants

2019-10-04T08:29:29-07:00

WASHINGTON (AP) — Trump administration officials on Tuesday defended their plan to Congress for ending government control of mortgage finance giants Fannie Mae and Freddie Mac, clashing with Democratic senators on whether the change would raise home borrowing costs and neglect lower-income homeowners. The two finance companies nearly collapsed in the financial crisis 11 years [...]

Officials spar with senators over plan for mortgage giants2019-10-04T08:29:29-07:00

Human Contact Is Now a Luxury Good

2019-06-09T10:11:59-07:00

By Nellie Bowles Ms. Bowles is a technology reporter for The New York Times. Screens used to be for the elite. Now avoiding them is a status symbol. SAN FRANCISCO — Bill Langlois has a new best friend. She is a cat named Sox. She lives on a tablet, and she makes him so happy [...]

Human Contact Is Now a Luxury Good2019-06-09T10:11:59-07:00