Mortgages. Legal news and articles for April 27 - 29, 2017

Read This Before You Get a MortgageRead This Before You Get a MortgageHow Fed hike will affect home mortgagesMinimal paperwork? No problem in Lone Star mortgagesReverse mortgages can be used for purchasesMinimal paperwork? No problem for mortgages in this dealMinimal Paperwork? No Problem for Mortgages in This DealReport: County's biggest mortgages in March included trio in Palm BeachMortgage rates move higher for FridayShould you roll your student loans into your mortgage?Meet the rare financial adviser who recommends paying off your mortgage ASAPStates Confirm Ocwen Bans Don't Apply to Liberty, Reverse MortgagesThe Answers To Common Reverse Mortgage QuestionsMortgage rates move up for ThursdayHomeowners can refinance mortgages to pay off student loans

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Better Mortgage continues push into purchase mortgages
HousingWireApril 10, 2017

Earlier this year, online mortgage lender Better Mortgage said that raised $15 million and planned to use the money to launch and expand of Better's home purchase finance product on the company's website, Better.com. Previously, the company focused on ...more »

Americans are Taking Out Larger Mortgages than Ever
Builder MagazineApril 10, 2017

In the Mortgage Bankers Association's most recent weekly measure of purchase loan data, the average recorded size of a home loan was $318,200 – the largest recorded in the history of the survey, which has been running since 1990. The recent increase in ...more »

Mortgages. News and Stories

Read This Before You Get a Mortgage
Bloomington PantagraphApril 29, 2017

Home-buying season is moving into high gear, and would-be homeowners are looking for ways to finance the home of their dreams. But the mortgage market is presenting some challenging conditions right now, as investors anticipate rising interest rates ...more »

Read This Before You Get a Mortgage
Motley FoolApril 29, 2017

But the mortgage market is presenting some challenging conditions right now, as investors anticipate rising interest rates that could make monthly payments more costly. By considering some key facts before you get your mortgage, you'll be in a better ...more »

How Fed hike will affect home mortgages
The Spokesman-ReviewApril 29, 2017

WASHINGTON — Are mortgage rates going up? With the Federal Reserve having raised its benchmark interest rate last month and signaling the likelihood of additional rate hikes later this year, consumers and businesses will feel it — if not immediately ...more »

Minimal paperwork? No problem in Lone Star mortgages
Salt Lake TribuneApril 29, 2017

A unit of private equity firm Lone Star Funds sold more than $375 million of bonds backed by mortgages requiring minimal documentation from borrowers, a practice that before the 2008 financial crisis contributed to the creation of "liar loans." More ...more »

Reverse mortgages can be used for purchases
Vail Daily NewsApril 29, 2017

At that point, they often are also facing the dilemma of whether to pay cash (and tie up liquidity) but not have a mortgage check to write or taking out a loan and face mortgage payments on what will likely be a reduced income after they retire. There ...more »

Minimal paperwork? No problem for mortgages in this deal
Standard-ExaminerApril 28, 2017

In this case, the low-documentation mortgages backing the bonds, originally made by Sterling Bank & Trust, include other features that make them less risky. For example, borrowers made high down payments-- an average of about 45 percent of the purchase ...more »

Minimal Paperwork? No Problem for Mortgages in This Deal
BloombergApril 28, 2017

A unit of private equity firm Lone Star Funds sold more than $375 million of bonds backed by mortgages requiring minimal documentation from borrowers, a practice that before the 2008 financial crisis contributed to the creation of “liar loans.” Over 20 ...more »

Report: County's biggest mortgages in March included trio in Palm Beach
Palm Beach Daily NewsApril 28, 2017

Rabideau Law 's “Million Dollar Mortgage Brief” is always a good read for those keeping an eye on pricey property in Palm Beach County – and the amount of money said pricey property can generate in loans. Compiled from public records by Palm Beach ...more »

Mortgage rates move higher for Friday
Bankrate.comApril 28, 2017

Several key mortgage rates trended upward today. The average rates on 30-year fixed and 15-year fixed mortgages both advanced. The average rate on 5/1 adjustable-rate mortgages, meanwhile, also floated higher. Mortgage rates are in a constant state of ...more »

Should you roll your student loans into your mortgage?
CBS NewsApril 28, 2017

College graduates with student debt soon will have a new option: the ability to roll those student loans into their home mortgage. Fannie Mae, which works with virtually every lender in the country, has created a new standard that will allow borrowers ...more »

Meet the rare financial adviser who recommends paying off your mortgage ASAP
MarketWatchApril 28, 2017

Homeowners love to compare notes on their mortgages — and brag about locking in low rates and avoiding fees. In this era of low interest rates, mortgages seem hotter than ever. Who wouldn't want to pay less than 4% for a fixed loan to afford a bigger ...more »

States Confirm Ocwen Bans Don't Apply to Liberty, Reverse Mortgages
Reverse Mortgage DailyApril 27, 2017

Agencies from 21 states across the nation sent shockwaves through the lending industry last week when they issued cease-and-desist orders against Ocwen Financial Corporation (NYSE: OCN), preventing the servicer from acquiring new mortgage servicing ...more »

The Answers To Common Reverse Mortgage Questions
ForbesApril 27, 2017

You've likely seen the TV commercials for reverse mortgages, with the late Fred Thompson, Henry Winkler and, lately, Tom Selleck. But just between us: Do you really understand how a reverse mortgage works? If not, don't feel bad — in a March 2017 ...more »

Mortgage rates move up for Thursday
Bankrate.comApril 27, 2017

Several closely watched mortgage rates rose today. The average rates on 30-year fixed and 15-year fixed mortgages both moved higher. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages also climbed. Rates for mortgages are ...more »

Homeowners can refinance mortgages to pay off student loans
cleveland.comApril 27, 2017

CLEVELAND, Ohio - Homeowners can now refinance their mortgages to pay off student loan debt, according to new guidelines issued by Fannie Mae, the largest backer of mortgage credit in the country. And new policies will help more borrowers with student ...more »

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