DSNews BY: Tory Barringer May 5, 2014 It’s been one of the biggest stories to follow in mortgage lending: After years of too-loose and then too-tight credit access, average FICO scores are now slowly floating down, and the market looks a little more open for low-score borrowers. But do […]
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Zillow: Buying a Home Beats Renting After 2 Years
DSNews BY: Colin Robins May 1, 2014 Zillow’s break-even horizon analysis came to an interesting conclusion: in half of U.S. metros, buying a home is a better financial decision than renting for buyers intending to stay in their home at least two years. The company’s analysis includes all costs associated with buying versus renting, including […]
Former Bank of America CFO Barred for 18 Months
DSNews BY: Colin Robins May 5, 2014 The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced that a $7.5 million settlement has been reached with Bank of America’s former CFO, Joe Price, regarding the bank’s actions as it sought to merge with Merrill Lynch & Co. in […]
Mortgage Performance Improves in Q4 2013
DSNews – BY: Colin Robins, March 27, 2014 The Office of the Comptroller of the Currency (OCC) released a new report Thursday, highlighting the performance of first-lien mortgages serviced by large national and federal banks continued to improve in the fourth quarter of 2013. The OCC Mortgage Metrics Report for the Fourth Quarter of 2013 found 91.8 percent […]
Mortgage Rates Pull Back Further
DSNews BY: Tory Barringer, 1/16/2014 December’s “discouraging jobs report” caused mortgage rates to pull back once again this week. “discouraging jobs report” weekly Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (FRM) falling to an average rate of 4.41 percent (0.7 point) for the week ending January 16, down from 4.51 percent last week. A […]
Trulia Economist Sees 2014 as ‘Year of the Repeat Homebuyer’
DSNews – BY: Krista Franks Brock December 30, 2013 As prices continue rising in the new year—albeit at a slower pace—investors will begin to ease back from the purchase market, but repeat homebuyers will be there to pick up the slack, according to Trulia’s predictions for the housing market in 2014. “2013 was the year […]
Wells Fargo, SunTrust Reach Repurchase Agreement with Freddie Mac
DSNews – By TORY BARRINGER, 10/4/2013 Two more companies are in the clear with Freddie Macfollowing agreements on claims related to loans that went south after they were sold to the GSE. Wells Fargo and SunTrust Mortgage are the two most recent companies to settle over claims regarding representations and warranties on single-family loans sold to the GSE. It was announced at the […]
10 first-time-homebuyers mistakes
10 first-time-homebuyers mistakes
