Category Archives: Lending

Fed to keep rates low, and other news items

Lots of news impacting the real estate industry this week… The Federal Reserve announced that they expect to keep short-term interest rates near zero for the next three years — citing the economy and the housing market still needing help. … Continue reading

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Home loan costs to increase

[Ed. Note -- I received the email below from one of my colleagues in the lending arena; Lisa Fleck of Summit Funding. Lisa sends me news from time to time pertaining to home loans and financing. In her post below … Continue reading

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Did house flippers cause the recession?

A new report from the Federal Reserve Bank of New York shows that house flipping played a larger role in the housing bubble than originally thought and is largely to blame for the recession. See this msnbc.com story: Flippers’ housing … Continue reading

Posted in Foreclosures, Lending, News | 38 Comments

Refinancing underwater mortgages in Nevada

[Note: The following piece is submitted to this blog by Jonah Trenton of Refinance Mortgage Rates. Jonah enjoys the Reno Realty Blog and would like to share the information below with the blog's readers.] The Reno-Sparks housing market is projected … Continue reading

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Mortgage delinquencies forecasted to decline in 2012

According to an annual forecast released yesterday by TransUnion, mortgage delinquencies are expected to decline by about 5 percent by the end of 2012. Specifically, mortgage delinquencies are expected to rise through Q1 2012 and then decline for the last … Continue reading

Posted in Foreclosures, Lending | Tagged | 11 Comments

Why do women pay more for mortgages than men?

Apparently it’s not because of gender discrimination, but rather because when shopping around for cheaper loans, women rely on the recommendations of friends. Check out this report that documents why women on average pay more for mortgages than men: Do … Continue reading

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RU Fannie/Freddie?

So HARP 2.0 has launched, but your loan must be owned by Fannie Mae or Freddie Mac to qualify or even get considered. If you want to avoid a 2 hour phone queue with Citi/Chase/ BofA/ Wells just to ask … Continue reading

Posted in Foreclosures, General, Lending | Tagged , , | 5 Comments

About the USDA Home Loan Program

[The following is a guest post by Jasmine Reese, of USDA Loans.com.] A few years back, the Department of Agriculture transformed rural living perceptions when they made revisions to business and home loan programs. Before, the USDA granted loans to … Continue reading

Posted in Lending | Tagged | 9 Comments