A surge in refinances caused mortgage applications volume to slightly tick up in the previous week, thanks to a drop in interest rates driven by significant market-pressuring events.According to recent data from the Mortgage Bankers Association, total mortgage applications increased by 3.3 Read more
Harvey Could Leave 300K Mortgages in Delinquency: Black Knight
Hurricane Harvey is predicted to leave in its trail some 300,000 mortgages in delinquency with 160,000 90 days + past due. This is according to Black Knight Financial Services’ latest projections released in September.Nevertheless, the Federal Housing Administration, Fannie Mae, and Freddie Mac Read more
HUD Improves HECM Program; Insurance Premiums, Loan Limits Modified
“We’re taking needed and prudent steps to put the HECM program on a more sustainable footing so that it can remain a resource for senior borrowers, “ said HUD Secretary Ben Carson as tweeted by FHA.gov.The Housing and Urban Development announced on August 29, improvements to its reverse mortgage Read more
Freddie Mac Offers Disaster Relief Options as Hurricane Irma Approaches
After Hurricane Harvey, Freddie Mac gears up for Hurricane Irma. This major government-sponsored enterprise announced their confirmation about providing disaster relief options especially for regions where Hurricane Irma would strike.Specifically, the report mentioned regions such as Puerto Read more
Hurricane Aftermath: Agencies Allow Mortgage Extensions in Houston
After Hurricane Harvey hit Houston over the weekend, seeking shelter and focusing on surviving the days ahead are all of the victims' top priorities. Other responsibilities would have to wait. In the wake of the catastrophe, Fannie Mae, Freddie Mac, and the FHA announce mortgage extensions to Read more
