Category Archives: Home Values

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

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 Go Up Amidst Spring Home Buying Season

The Market Composite Index of the Mortgage Bankers Association rose by 2.3% on a seasonally adjusted basis in the week ended April 17th compared to the previous week. The volume of mortgage applications achieved higher week-over-week increase on a seasonally

Collateral Underwriter Integrated with Desktop Underwriter for Better Mortgage Risk Management

In a statement, Fannie May announced the integration of its Collateral Underwriter with the major automated underwriting system in the mortgage lending industry, Desktop Underwriter. CU, as it is known for short, also received integration with EarlyCheck, which is the

Mortgage Rates Slip Down

The interest rates on mortgage loans declined in the week ended April 9th 2015, according to the latest Primary Mortgage Market Survey of Freddie Mac. They fell down after a week of minimal changes. This week’s downward movement of the

“Its Complicated” House Sells For Whopping Amount!

The home where the film “It’s Complicated” was shot has now sold. The Southern California, 60-acre ranch style home was also once the home of superstar singer Donna Summer. The sale price of the home is reported to be $10.5

Growing Criticism Over the New CFPB Mortgage Tool

Soon after its launching, the new mortgage tool of the Consumer Financial Protection Bureau receives extensive criticism from an increasing number of professional organizations including the Mortgage Bankers Association, the National Association of Mortgage Brokers and the Community Home Lenders

Boom in Refinancing As Mortgage Rates Fall

The applications for mortgage refinance continue to climb amidst plunging rates. The Refinance Index compiled by the Mortgage Bankers Association rose by 22% in the week ended January 16th compared to the previous week. In the week ended January 9th,

Small Decrease in the Mortgage Applications in December

home mortgage

The Mortgage Bankers Association reports a decline of 0.4% in the mortgage applications for the purchase of a new home in December 2014 compared to November. The movement in the applications does not reflect any common seasonal patterns. The share

Higher Mortgage Credit Availability in November

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The Mortgage Credit Availability Index of the Mortgage Bankers Association rose in November 2014. It reached 114.6 after climbing by 1.2%. MCAI was set to 100 in March 2012. An increase in this index indicates loosening of the mortgage while

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