DSNews By: Brian Honea December 7, 2015 The GSEs have made helping families avoid foreclosure one of their top priorities since the start of the housing crisis, and Fannie Mae just announced an update to support a policy change to assist in that initiative. Fannie Mae announced it has updated its Servicing Management Default Underwriter […]
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Underwater Borrowers Are Still a Headwind for Housing
DSNews BY: Xhevrije West December 4, 2015 The amount of underwater mortgages in the U.S. continues to decline, but is not fully helping the housing market on the road to recovery, particularity in many large markets that were heavily impacted during crisis times. The negative equity rate nationwide fell in the third […]
Majority of Americans Unconcerned Over Fed’s Rate Increase
Majority of Americans Unconcerned Over Fed’s Rate Increase DSNews by Scott Morgan January 20, 2016 In a recent survey which asked consumers how they felt about the effect of the Federal Reserve’s recent rate hike on the economy, more than half of respondents (56 percent) were not concerned—Any worries expressed over the Federal Reserve’s recent […]
Majority of Buyers Are Aware of the Significant Role of Credit When Purchasing a Home
DSNews by: Xhevrije West According to a recent survey from Experian Consumer Services, 95 percent of homebuyers are aware that credit scores play a significant role when purchasing a home, and those who know their credit scores feel more prepared to buy. In addition, 45 percent of future homebuyers say they put off buying a […]
Housing Barometer Indicates Market is Moving Closer to ‘Back to Normal’ Levels
DSNews: Author: Brian Honea January 15, 2015 While housing recovery has generally been uneven for the last few years, the housing market experienced substantial growth in the fourth quarter of 2014 for all five indicators of Trulia’s Q4 2014 Housing Barometer, which was released on Thursday. Three of the five indicators – existing home sales, […]
FHA to Reduce Mortgage Insurance Premiums by 0.5 Percent
National Mortgage Professionals – BY: Phil Hall, January 7, 2015 In advance of President Obama’s speech tomorrow in Arizona on housing policy, the White House has issued confirmation that the Administration is directing the Federal Housing Administration (FHA) to cut the annual mortgage insurance premium from 1.35 percent to 0.85 percent. The White House is billing this […]
LIsa Pusateri recognized by NAMB for her Highest Ethical Standards
Lisa Pusateri has demonstrated a strong commitment to achieving the highest ethical standards in the mortgage business!
Mortgage Rates Continue to Slip
Mortgage rates have yet to find their bottom in 2014, dropping again this week to their lowest level since last October. In its weekly Primary Mortgage Market Survey, Freddie Mac recorded the average rate for the 30-year fixed-rate mortgage (FRM) at 4.14 percent (0.6 point), down from 4.20 percent last week. Last May, the 30-year fixed was at […]
FHA Program Aims to Expand Credit; Lower Risk
DSNews BY: Colin Robins May 13, 2014 The Federal Housing Administration (FHA) issued its “Blueprint for Access,” which aims to expand credit access for underserved borrowers by utilizing housing counseling as a means to reduce the possibility of loans becoming seriously delinquent. The announcement highlights a new pilot program, Homeowners Armed with Knowledge (HAWK), which […]
Survey: Americans Don’t Know How Credit Scores are Calculated
DSNews BY: Tory Barringer May 14, 2014 Survey results show Americans—and Millennials especially—continue to have only a vague understanding of how their credit scores are calculated and used. For the latest annual survey, the fourth of its kind, more than 1,000 representative American consumers were asked 19 questions designed to gauge their knowledge of […]
