Regulatory agencies believed it was necessary to alert banks that some of their customers will soon have trouble paying off their HELOCs.
What’s good for job-seekers is bad for mortgage shoppers. So today’s positive employment report is negative news for people who didn’t lock a mortgage rate earlier in the week.
It’s the confusing time of the month, when corporations, lobbyists and federal regulators trumpet their stats on home sales and home prices.
FHA insurance protects the lender, not the borrower. The FHA insures the lender’s safety, not the borrower’s (or the borrower’s heirs).
There’s a saying that, if all you have is a hammer, everything looks like a nail. For decades, the Federal Reserve wielded only a hammer as it maintained monetary policy. Then, five years ago, it borrowed a screwdriver. Today, we saw a sign that the Fed won’t return the screwdriver it borrowed.
Regulators are scaring lenders away from approving loans to deserving borrowers.
Mortgage loan limits will rise in 18 counties next year but remain the same elsewhere.
Regulators must stop choking the housing recovery, the Mortgage Bankers Association president said today.
Brad Sorensen: What I would tell just a regular retail investor is that it’s important to look past and not pay too much attention to all the noise we give in the near term.
The message is “one one hand … on the other hand” for all of our guests as they discuss the economic outlook for 2014, mortgage rates, health insurance and garage sales.