Over the past few days U.S. mortgagors have caught a wicked case of 'Refi Fever.' Oh, but will it last? With Friday's bond market close several hours away one thing is clear: mortgage rates are no longer tumbling, which means anyone hoping for a 2% 30-year fixed rate loan can forget about it. But rates are still great. Now, if only the White House could convince Fannie Mae and Freddie Mac to loosen up on loan standards, which would allow more consumers to qualify. Of course, appraisers need to be a little more understanding as well, or so we hear…
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The effective tax rate, measuring taxes relative to home prices, also increased to its highest mark in five years, according to Attom's analysis.
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The California-based lender announced Wednesday the addition of One Goal Mortgage, a branch serving the Omaha, Nebraska, metro area and Southwest Iowa.
11h ago -
Better is focusing on its U.S. mortgage unit, which reported higher-than-expected preliminary loan volumes and priced a stock offering.
April 8 -
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
April 8 -
Roughly a third of homeowners with a mortgage rate less than 6% would not give up their rate for any reason, according to a survey of 1,000 mortgage holders.
April 8 -
In other news, Better Mortgage completed warehouse renewals and Wolters Kluwer provided a new form of access to its digital vault platform for secured parties.
April 8







