Tag Archives: borrowers

HARP Extended Through 2018

Daily Real Estate News | Wednesday, August 23, 2017 The Federal Housing Finance Agency announced that it is extending HARP, a popular government refinancing program, through Dec. 31, 2018. The Home Affordable Refinance Program was to expire on Sept. 30. … Continue reading

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New Program to Help Buyers Bypass Appraisals

Daily Real Estate News | Monday, August 21, 2017 Mortgage giant Freddie Mac has announced a new program allowing some home buyers to skip a traditional appraisal, which could lower the fees the buyers pay and speed up the closing … Continue reading

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How Long Does It Take to Get a Mortgage?

Daily Real Estate News | Tuesday, June 13, 2017 Home shoppers may need to plan for more time than they realize when they’re starting the process of obtaining a mortgage. “Today’s mortgage process is very involved, particularly with regard to … Continue reading

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12M New Households, 1M Fewer Homeowners

Daily Real Estate News | Monday, June 12, 2017 What will it take to make homeownership a national priority? Despite the addition of about 11.8 million households between 2006 and 2016, there are roughly 1 million fewer homeowners today than … Continue reading

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5 Surprising (and Useful!) Ways to Save for a Down Payment

One of the biggest misconceptions of homebuying? The 20% down payment. Here’s how to buy with a lot less down. Buying your first home conjures up all kinds of warm and fuzzy emotions: pride, joy, contentment. But before you get … Continue reading

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Credit Scores Hit Record High

Daily Real Estate News | Wednesday, May 31, 2017 Credit scores among U.S. consumers surged to a record high this spring. Further, the share of borrowers considered among the riskiest borrowers hit a record low. The higher credit scores could … Continue reading

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Lower Rates Buoy Refis, Not New Mortgages

Daily Real Estate News | Wednesday, May 24, 2017 Lower mortgage rates are prompting homeowners to refinance, but applications for home purchases aren’t rising. The Mortgage Bankers Association reported on Wednesday that total mortgage applications—including for refinances and home purchases—rose … Continue reading

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If Buyers Want to Save Money: Tell Them to Shop

Daily Real Estate News | Friday, April 28, 2017 Home buyers who don’t gather more than one quote when shopping for a mortgage may be losing out on some savings to their monthly payments. Lenders can offer a wide dispersion … Continue reading

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Closing Timelines Get Even Shorter

Daily Real Estate News | Monday, April 24, 2017 The average time to close on all home loan types dropped to 43 days in March—the quickest pace since February 2015, according to Ellie Mae’s Origination Insight Report. A year ago, … Continue reading

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