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New government regulations and consumer protection laws force mortgage lenders to make a good-faith effort to be sure home buyers actually qualify for the .
Congress established the Home Equity Conversion Mortgages program in the 1980s to allow seniors to stay in their homes without the burden of a monthly mortgage payment. Since then, more than 1 million.
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Mortgage rates were virtually unchanged this week even as the Federal Reserve trimmed the federal funds rate by a quarter of a percentage point.. As reported by Freddie Mac, the average offered rate for a conforming 30-year fixed-rate mortgage remained unchanged from last week, holding at.
Mortgage lenders are urging the Consumer Financial Protection Bureau to overhaul a set of little-known guidelines for how.
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American consumers are vastly under-educated about the mortgage process, according to a new survey from Fannie Mae. From having unrealistic assumptions regarding credit score, down payments and income.
The net profit margin outlook for mortgage lenders, while still negative, improved significantly in the first three months of 2019, due primarily to.
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 1.1% in the group’s seasonally adjusted composite index for the week.
The primary mortgage market is the market where borrowers can obtain a mortgage loan from a primary lender. Banks, mortgage brokers, mortgage bankers, and credit unions are all primary lenders and are.
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