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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:
 
Appraisal Services Target FHA EAD, AMC Utilization
5/22/2015 3:36 PM
A new service is designed to help lenders connect to the electronic portal for government loans, while appraisal management companies are vying for business. An appraisal technology firm was acquired.....A May 7 news release indicated that Mercury Network, a valuation vendor management platform for the mortgage industry, was acquired by Seren...Read More
 
New Tools Ready for Integrated Disclosure Rule
5/22/2015 3:36 PM
While the integrated disclosure rule taking effect soon, some industry associations are concerned about a smooth transition to the new system. Trade groups support legislation granting a regulatory enforcement grace period. But a handful of service providers promise to help keep lending business practices on point with compliance.....Start...Read More
 
Mortgage Delinquency Up, Foreclosures Down
5/22/2015 3:36 PM
Residential loan delinquency saw a seasonal up tick in April, but the rate of foreclosures moved lower. Both metrics have substantially improved from a year earlier.....As of last month, 3,179,000 mortgages were delinquent. The total included 2,415,000 loans past due at least 30 days but not in foreclosure and 764,000 loans in the foreclosu...Read More
 
2015 Refi Forecast Raised, 2016 Refi Forecast Cut
5/22/2015 3:36 PM
The outlook for this year"s refinances has been increased, while expectations for next year"s refinance activity have been lowered.....U.S. home lenders will originate $418 billion in the second quarter, according to the latest economic forecast for real estate finance.....Industry production is then expected to fall to $369 billion the...Read More
 
Mortgage Rates Set to Decline
5/22/2015 3:36 PM
Fixed interest rates on home loans moved a hair lower this past week. A possibly more substantial retreat is likely in the next report.....At 3.84 percent, 30-year fixed rates averaged one basis point less in the week ended May 21 than a week earlier.....The average, reported by Freddie Mac based on its Primary Mortgage Market Survey...Read More