By: Equity National October 8, 2014 No Tags Closing
Warren Buffett on getting a mortgage today: ‘I...
The mortgage industry over the last several months has been weighed down somewhat by the fact that consumers just don't seem to be all that interested in getting into the market as rates and prices go up. However, experts have often pointed out that affordability today remains well above historical levels, and now one of the richest men in the world has added his voice to that chorus. Warren Buffett, the chairman of Berkshire Hathaway and bill...By: Equity National October 7, 2014 No Tags Closing
Mortgages getting older, delinquencies on the ri...
Millions of Americans may have wanted to get into the housing market over the last several years, but have had difficulty doing so because of lenders' origination standards. That, in turn, seems to have created a situation over the last several years that could leave those financial institutions in a tough spot down the road. The average age of a mortgage has been steadily rising since before the housing bubble burst nearly a decade ...By: Equity National October 7, 2014 No Tags Closing
Hispanic homeownership expected to boom in the c...
The issue of getting people to take up the ideals of homeownership given the current lending environment has not always been easy for many lenders in the time since the recession ended. However, there could be good news in the offing as more Hispanic Americans start to focus on buying properties in the next several years, and beyond. Data shows that the number of Hispanic homeowners across the country has exploded over the last decade and a ha...By: Equity National October 6, 2014 No Tags Closing
Some lenders doing more to help slightly under-q...
When it comes to mortgage availability over the last few years, many experts have stated that there isn't a bigger problem in the housing market, at least in terms of what's holding back more significant home loan origination volumes. But because of that, and the way in which consumers' interest in applying for and obtaining such financing is declining, it seems that some lenders are doing more to reach out to people who might not be able to obta...By: Equity National October 6, 2014 No Tags Closing
Can a new 15-year mortgage product help consumer...
It's no secret to those in the industry that the mortgage market has really struggled over the course of the last year or so, and now experts are trying to find creative ways to kick start it once again. That might include lenders trying to find more ways to extend credit to would-be borrowers safely and responsibly, potentially through entirely new mortgage products. The housing market has long been relatively simple in terms of how mortgages...By: Equity National October 2, 2014 No Tags Closing
Student loan debt constraining broader housing r...
For years now, the rate at which student loan debt loads nationwide have been rising has drawn the ire of many financial experts. One of their biggest concerns was how these huge balances would end up affecting the people carrying them, as well as the recoveries in the the overall economy, and the housing market in particular. For instance, it seems that in an ideal scenario, there should be about 5.3 million transactions involving n...By: Equity National October 2, 2014 No Tags Closing
Conventional home loans remain popular with cons...
There has been a lot of bad news in the mortgage industry of late, and perhaps chief among them is the regular reports of declining affordability and originations. However, in the week ending Sept. 26, there was a bit of good news for a market that might need it. While the overall mortgage application volume seen across the country last week declined 0.2 percent from the previous seven-day period on a seasonally adjusted basis, there...By: Equity National October 1, 2014 No Tags Closing
Many states see improvement in local housing mar...
The housing market's recovery has been uneven to say the least for much of the last year, and experts are repeatedly dour about the prospects for national improvement going forward. However, that does not mean that many housing markets are not perfectly healthy and continuing their recovery apace. The overall Multi-Indicator Market Index for the U.S. came in at a reading of 73.4 in July, according to the latest data from the government-sp...By: Equity National September 30, 2014 No Tags Closing
Purchases remain quite popular in mortgage marke...
The housing market has slowed down somewhat this year, due in large part to the fact that consumers' tastes seem to be shifting away from the refinances that dominated the post-recession years, and toward purchases. That trend held more or less steady in August – the latest month for which data was available – indicating little change on a monthly basis. For the month of August, purchases made up nearly 2 out of every 3 home loans closed b...By: Equity National September 19, 2014 No Tags Closing