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Important News: FHA Reduces Mortgage Insurance on FHA loans after January 26th, 2015!

This means that anyone with an FHA loan is paying almost 60% more for mortgage insurance than they need to.  Consumers with FHA mortgages should consider refinancing with a FREE Streamline Refinance.







 

 

 


Attention Homebuyers

 

If you are in the market to purchase a home, stop by our office at 1500 Standiford Ave., Building A for your Free Homebuyers Guide Monday-Friday 8:00 - 5:00.  This guide will give you valuable information that will help you navigate the home buying process and avoid critical mistakes. 















 

 

 


Here is the Latest Mortgage News:














Mortgage News:
 
18-Month High for Agency MBS Issuance
4/1/2015 5:29 PM
Issuance of agency mortgage-backed securities rose to the highest level in a year-and-a-half, though one of the three housing finance agencies didn"t participate in the rally.....Fixed-rate MBS issued on behalf of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corp. and the Government National Mortgage Association t...Read More
 
Big Banks Avoid Mortgage Risk, Lose Market Share
4/1/2015 5:29 PM
New data indicate that as large banks have cut their risk on agency mortgage lending, they have lost market share.....As of November 2012, large banks were responsible for 61 percent of loan originations to finance home purchases.....But as of December 2014, big banks" share of home purchase financing had plummeted to just a third......Read More
 
Hotel CMBS Delinquency Sinks, Industrial Lates Jump
4/1/2015 5:29 PM
A nice improvement in the performance of securitized lodging and office loans was offset by deterioration on industrial, retail and multifamily loans.....The rate of 30-day past due payments on loans included in commercial mortgage-backed securities for March was the same as it was a month earlier.....However, the 30-day delinquency rat...Read More
 
New Business, Delinquency Decline Again at Fannie
4/1/2015 5:29 PM
For the second month in a row, new business was down at the Federal National Mortgage Association. Improvement in residential loan performance, however, continued unabated.....New business acquisitions at Fannie Mae totaled 3 percent less during February than in the previous month, according to a monthly operational summary.....Secondar...Read More
 
Agency MSRs Being Sold on Flow Basis
4/1/2015 5:29 PM
Mortgage servicing rights on upcoming originations are being offered on a flow basis in a deal that will provide MSRs on at least $300 million in agency loans....."A well-capitalized mortgage company" is offering a concurrent flow mortgage servicing offering for MSRs on $50 million in agency loans per month.....Properties back...Read More