Following Richard Cordray’s announcement that he will leave the Consumer Financial Protection Bureau (CFPB) this month, the Republican administration is eyeing Mick Mulvaney to replace Cordray’s position on an interim basis. With this possibility, experts expect that the appointment can create Read more
Weak Refis Hurt Lenders
The rise in interest rates has negatively impacted refinancing applications, driving earnings of regional banks down for the second quarter of the year. According to recent reports forwarded by banks like the US Bancorp and the BB&T, revenues fell significantly by 11 and 15 percent, Read more
Mortgage Refinance or Modification – Which Is a Viable Option?
It’s only natural for homeowners to find ways to lower their existing monthly payments and make them affordable. There are mainly two options for that: a refinance and a modification. Each is a distinct process with its considerations and challenges. How do you know which option is viable? Find out Read more
The New Players Who Are Changing How We Do Lending
The trillion-dollar mortgage industry is largely fenced by the banks. But recent trends in mortgage lending is threatening to chip away bit by bit of this gargantuan of a financial empire by making the lending process more appealing to the borrower market.Today, new players are starting to Read more
3 Simple Questions Toward Making the Big Refinance Decision
Before you start digging your old mortgage records and paperwork, there are some things you need to think about when deciding to refinance. Taking time to answer these questions could save you from making costly mistakes when you replace your old mortgage with a new one.This way to mortgage Read more
