New Mortgage Rules in 2014

In 2013, we finally saw hard evidence that the real estate market is ready for some positive changes: home values have increased, bringing many underwater mortgages to value or better, foreclosures have slowed and everybody is generally in a pretty good mood. If you’ve been putting off buying a home, 2014 is your year. There… Continue Reading

2014: Predictions for the U.S. housing market

2013 saw a lot of changes to the U.S. mortgage industry, from Fannie Mae’s elimination of 97 percent loans and the appointment of a new head of the Federal Housing Finance Agency to nation-wide changes to provide more leniency through FHA programs for troubled borrowers. The Ability-to-Repay Rule and Qualified Mortgage Rule made headlines and… Continue Reading

2013: A year of widespread market improvements

Mortgage news of the early bust years was filled with drama, doom and gloom, but at last, in 2013, the news is getting better.  Delinquencies are down, rates are up and guidelines are getting tighter again as lenders and government agencies struggle to find a balance between customer safety and profitability.  There was a lot… Continue Reading