NMLS: 2576 | CT LICENSE: 1101 | MA LICENSE: LS2576Delinquency and Refinancing: The Current State of Mortgages
Although figures regarding the current state of mortgages in 2013 are minimal, information from the fourth quarter of 2012 positions this year as more auspicious and another step toward better recovery for the housing market. According to a TransUnion report,…
Is the Housing Market Improving? Recent News Stories Detail Ups and Downs
In an interview with The Street, published on February 5, Ellie Mae CEO Sig Anderman stated that the housing market is improving. But such an assertion, based on his observation of Ellie Mae’s 3,500 customers nationwide, is purely anecdotal. In…
Is the UR Home Program for You?
Among government mortgages offered in Connecticut, one program geared toward rehabilitating towns and neighborhoods in the state is UR Home. Also known as the Urban Rehabilitation Homeownership Program, UR Home consists of a purchasing mortgage at below-market interest and a…
QRM Could Make Lending for Jumbo Mortgages Stricter
The Qualified Residential Mortgage (QRM) rules introduced over the past few weeks and planned to go into effect in January 2014 are expected to change the lending process and, ultimately, prevent borrowers from ending up with loans they cannot afford….
Could New Qualified Residential Mortgage Rules Require Minimum Down Payment?
The lengthy document now known as the Qualified Residential Mortgage (QRM) rule is expected to make significant changes to the lending process. On one end, as we covered a few weeks ago, are legal protections for borrowers with poorly documented…