Category Archives: Finance

Supreme Court Ruling Says Second Mortgages Cannot Be Voided in Bankruptcy

The Supreme Court of the United States ruled on Monday, June 1st 2015, that homeowners who cannot repay their debt and file for bankruptcy in order to receive protection cannot have their second mortgage loan canceled even if they are

Commercial and Multifamily Mortgage Delinquencies Declined in the First Quarter

The commercial and multifamily mortgage loans experienced a decrease in the delinquency rate in the first quarter of 2015. They followed an overall downward trend defined by increasing real estate values and incomes. This is revealed in Commercial/Multifamily Delinquency Report

Mortgage Rates Move Up to New 2015 High

Fixed mortgage rates reached their highest level so far in 2015 during the week ended May 28th, according to the Primary Mortgage Market Survey of Freddie Mac. The average rate for a fixed-rate mortgage with a 30-year term moved up

Mortgage Applications Declined for Fifth Consecutive Week

The applications for mortgage loans experienced a decline of 1.6% in the week ended May 22nd compared to the previous week. This is indicated by the seasonally adjusted decrease of 1.6% of the MBA’s Market Composite Index. On an unadjusted

MBA with Revised Mortgage Refinance Forecast

The Mortgage Bankers Association raised its mortgage refinance expectations for both the first and the second quarter of 2015. This is revealed the Economic and Mortgage Finance Commentary of the Association for May 2015. The increase in refinance expectations was

Purchase Loans Exceeding Mortgage Refinance in April According to Ellie Mae

The share of home purchase loans in the overall mortgage volume of lenders reached 52% in April. This is revealed in the Origination Insight Report of Ellie Mae for April 2015. The share of home purchase loans rose 6% from

Fixed Mortgage Rates Get Slightly Lower

After three weeks of continuous increase, the average rates of fixed mortgage loans moved down slightly in the week ending May 21st. This is demonstrated by the results of the Primary Mortgage Market Survey of Freddie Mac. The average interest

Another Week of Decreasing Mortgage Applications

The volume of mortgage applications declined by 1.5% in the week ended May 15th from a week earlier, according to the Weekly Mortgage Applications Survey of the Mortgage Bankers Association. The Market Composite Index, which measures the volume of applications,

Freddie Mac Predicts Mortgage Rate Volatility in 2015

In its U.S. Economic and Housing Market Outlook report for May 2015, Freddie Mac forecasts higher mortgage rate volatility throughout the rest of the year. So far, the lower mortgage rates have contributed to a higher originations volume and refinance

Increased Mortgage Credit Availability in April

It became easier for consumers in the United States to obtain a mortgage loan in April 2015, according to the Mortgage Bankers Association. Their Mortgage Credit Availability Index increased for a second consecutive month indicating loosening of the credit standards.

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