As Rates Decrease, Mortgage Refinancing Surges
With interest rates and mortgage rates on the decline, mortgage refinancing activity has spiked.
Yellen: Recession Not Inevitable, Gas Tax Holiday Weighed
Treasury Secretary Janet Yellen said Sunday that she expects the U.S. economy to slow in the months ahead, but that a recession is not inevitable.
Fed’s Decision to Pause Rate Hikes Could Lead to Spread Compression
While the Federal Reserve’s recent forecast of no more rate hikes in 2019 will result in some desired relief on deposit pressure at community banks, it could also spell trouble in the form of additional spread compression.
‘Rapid Rescoring’ Can Provide Quick Credit Fix
Many mortgage applicants have never heard of “rapid rescoring” or CreditXpert score simulations – in part because some lenders choose not to educate them.
Mortgage Applications Drop Slightly, Rates Remain Flat
Mortgage applications decreased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 28, 2017.
Zero-Down Payment Mortgages Are Back
They were all the rage – then the scourge – of the housing boom and bust. Now they’re back, big time: home mortgages that require tiny or zero-down payments from buyers.
Fed Raises Rates, Unveils Balance Sheet Cuts In Sign Of Confidence
The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy and strengthening job market.
One-Dollar Pricing Mistake Costs Sellers Thousands
The rules of pricing properties are changing, yet most agents continue to use the same pricing approaches that agents did 50 years ago. Are you making this costly mistake on your listings?
FDIC: Banking Industry Profits Up, Problem Banks Down In Q3
Banking industry profits rose in the third quarter and community banks enjoyed a particularly profitable period, even as regulators cautioned bankers about credit risk and reaching for yield in a persistently low interest rate environment.
Chutzpah Pays Dividends
Bob Driscoll got into the mortgage business by happenstance – and OK, he needed another co-op, too. Then a student at Northeastern University, he walked into Hyde Park Savings Bank and asked about a job. He’s been with the same organization ever since, through its transformation to Blue Hills Bank today. Now the head of residential and consumer lending, Driscoll says of his accidental profession, “I’ve been hooked ever since. It’s just a business that got into my blood somehow.”
