Category Archives: Refinance
FHA Eases Streamline Rules
February 17, 2011FHA has revised the “net benefit test” for streamlined refinancing in order to make it easier for borrowers to qualify for loans with reduced principal and interest. Additionally, lenders can no longer roll closing costs, discount points or other financing … Continue reading
Low Rates Prompting More 'Cash-in' Refinances
February 2, 2011Freddie Mac reports that “cash-ins,” which entail borrowers bringing money to the table when they refinance, accounted for 46 percent of refis in the fourth quarter — a record high. Homeowners are seeking more affordable terms and paying down balances … Continue reading
Basic Requirements and Benefits of FHA Streamline Mortgage Refinance
November 23, 2010Any borrower who is FHA insured can obtain FHA streamline mortgage refinance loan. These kinds of loans provide lower rate of interest, and the tenure can be fixed according to the borrower’s requirement. Borrower can also avail the opportunity of … Continue reading
Mortgage bankers make $300-plus more per loan in Q2 over Q1
September 14, 2010Independent mortgage bankers and subsidiaries made an average profit of $917 on each loan they originated in the second quarter of 2010, up from $606 per loan in the first quarter of 2010, according to the Mortgage Bankers Association (MBA)’s … Continue reading
Money Market Recap and Forecast for week of July 19th
July 19, 2010Last week began on the downside for U.S. Treasuries. Monday was almost a non-day, but then came Tuesday. Stocks went wild on better-than-expected profits from Alcoa and the rally was on. Investors regained confidence and safe-haven buying dried up. The … Continue reading
Home Affordable Refinance Program gets lifeline
March 25, 2010The Federal Housing Finance Agency this month extended a program that helps homeowners who can’t refinance because their home values have dropped, reports MortgageDaily.com (subscription required). The program would otherwise have expired this summer. It allows refinancing over 80% LTV (loan to value) … Continue reading
A Great Combination : Too Many Homes For Sale And Low Mortgage Rates
December 24, 2008A Great Combination : Too Many Homes For Sale And Low Mortgage Rates Continue reading
Simple Real Estate Definitions : Refinance
December 12, 2008Simple Real Estate Definitions : Refinance Continue reading
How 78 Consecutive Days Of Falling Gas Prices Helps Sell Real Estate
December 3, 2008How 78 Consecutive Days Of Falling Gas Prices Helps Sell Real Estate Continue reading
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Greg Frost's Corner
I recently attended the annual Mortgage Bankers Association lobbying day in D.C. with 5 of my industry colleagues from New Mexico. It was a very insightful experience.
It is apparent to me that there is a prevailing feeling in both the House and Senate, along with the Executive Branch, that our government should reduce [...]
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