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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:
Refis and Conventional Top Mortgage Activity Decline
4/26/2015 2:21 PM
Despite stronger business on a year-over-year basis, refinance activity took the hardest hit as new mortgage activity slowed this past week. Meanwhile conventional activity had the second worst week-over-week showing.....At 171, the U.S. Mortgage Market Index from LoanSifter/Optimal Blue and Mortgage Daily for the week ended...Read More
Impac Mortgage Originations More Than Double
4/26/2015 2:21 PM
Impac Mortgage Holdings Inc. expanded its wholesale sales staff and acquired a retail origination business -- helping it to more than double quarterly loan production.....Residential loan originations during the three months ended March 31 skyrocketed 106 percent from the final three months of last year.....The Irvine, California-based ...Read More
Requirements Stiffened on FHA Distressed Loan Sales
4/26/2015 2:21 PM
Changes being made to a program to sell distressed mortgages insured by the Federal Housing Administration extend the amount of time investors must wait to liquidate the assets.....The Department of Housing and Urban Development originally launched its Distressed Asset Stabilization Program in 2010. The program was enhanced in June 2012......Read More
BB&T Home Lending Sees Tight Gains
4/26/2015 2:21 PM
While home loan production squeaked by prior quarterly results, pre-tax mortgage banking earnings took a hit at BB&T Corp. The mortgage servicing portfolio also fell.....Branch Banking and Trust Co. funded 4 percent more in residential loans during the first three months this year than it did in the fourth quarter.....The mortgage p...Read More
Mortgage Rates Hold, Likely to Do the Same Again
4/26/2015 2:21 PM
Interest rates on residential loans moved little this past week, and all indications are that another quiet week is ahead.....Freddie Mac reported in its Primary Mortgage Market Survey for the week ended April 23 that 30-year fixed rates averaged 3.65 percent.....The average slipped from a week earlier, when it stood at 3.67 perc...Read More