We are on the third week of August and the volume of mortgage loan applications just keeps on increasing. According to the latest weekly survey by the Mortgage Bankers Association (MBA) ending August 11, 2017, mortgage applications increased 0.1 percent from a week ago.The Mortgage Application Read more
What Should I Do First, Refinance My Home or Tie the Knot?
“I do.”This simple phrase is said by thousands every single day. Marriage is a giant leap for two people. This is not only the beginning of a lifetime commitment but a great responsibility expected from both people.It the same way, many couples tie the knot and merge their finances after Read more
Can You Refinance More than Two Properties?
Many experts project mortgage interest rates to swing for new highs. Since the election, the trend has been up, and the numbers show.So before new norms kick in, many homeowners and investors are looking for the possibility to refinance, despite current market pressures. Taking advantage of 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
Wells Fargo to Pay $108 million for Overcharging IRRRLs
It’s never been a quiet past few weeks for Wells Fargo. Just a week ago, the third largest US bank announced that it is prepared to hand out $108 million to remediate possibly force-placed auto insurances to over 570,000 customers. That is after the bank was fined $185 million for its controversial Read more
