Mortgage applications rose 5 percent last week as mortgage rates declined, the Mortgage Bankers Association reported in its weekly mortgage market survey for the week ending April 12,...
Loan Applications Rise as Rates Reach Record Lows
More home owners and purchasers took advantage of locking in last week’s record low rates. Mortgage applications — which include both for refinancing and purchase — rose 2.8...
Low Rates Spark Rise in Loan Demand
Mortgage applications for purchase were up slightly as mortgage rates last week hovered near record lows. Overall, applications increased 0.1 percent last week compared to a week...
Average Loan Amount Grows: Market Thaw?
The average amount of mortgages being approved by lenders has grown in the last three months from $215,000 to $235,000 — a possible sign of increased buyer and lender confidence,...
FHA Loan Apps Rise as Borrowers Try to Beat Fee Hikes
Mortgage applications for Federal Housing Administration loans soared 11 percent from the previous week as borrowers try to rush their applications in to beat the higher FHA costs that...
Minorities Received Worse Loan Terms, Study Finds
A new study by the Center for Responsible Lending found that blacks and Hispanics were offered risky loan terms three times more than whites. More specifically, researchers found that...
Could Loan Limits Be Restored?
The Senate voted on Thursday to attach a proposal to a spending bill that could restore the size of loans the government buys or insures to a maximum mortgage amount of $729,750 in...
Scam Dupes Home Owners into False Loan Audits
More home owners are being tricked into a forensic loan audit, a new scam that targets struggling home owners looking for a loan modification to save their home from foreclosure. ...
Is Tight Credit Keeping Even Good Buyers Out?
It’s not easy to get a loan these days, say housing experts. Even home buyers with excellent credit are struggling to get approved for a loan, as home lending standards have...
Home Owner Sues for Being Denied Loan Mod
Home owner Kim Orsi is taking her battle against two lenders to court, after being denied a loan modification — a possible sign of more such lawsuits to come. ...



