29 10, 2014

MBA Forecasts Mortgage Volume to Increase 7 Percent in 2015


The Mortgage Bankers Association (MBA) expects to see $1.19 trillion in mortgage originations during 2015, a 7 percent increase from 2014.  While MBA anticipates purchase originations will increase 15 percent, it expects refinance originations to decrease 3 percent. MBA’s forecast predicts purchase originations will increase to $731 billion in 2015, up from $635 billion in [...]

MBA Forecasts Mortgage Volume to Increase 7 Percent in 20152014-10-29T13:55:11+00:00
21 10, 2014

Housing Recovery In Red States Trounces Blue States


In the past two years, the housing markets have recovered faster in red states than in blue, a new analysis reveals. According to data from RealtyTrac, most housing markets in the U.S. (52%) are better off now than they were two years ago, though 11% are worse off and for the 36% remaining it’s merely a [...]

Housing Recovery In Red States Trounces Blue States2017-05-26T20:47:48+00:00
15 10, 2014

Know Before You Owe: Proposed Updates to TILA-RESPA Final Rule


Nearly a year ago, we issued the TILA-RESPA Integrated Disclosure Rule. Many of you know this work as Know Before You Owe and we’ve been talking about it for a while now. Today, we’re issuing a proposal to modify and make technical amendments to this rule. The rule introduced new, easier-to-use mortgage disclosure forms that [...]

Know Before You Owe: Proposed Updates to TILA-RESPA Final Rule2017-05-26T20:47:48+00:00
14 10, 2014

The CFPB – By the Numbers


  July 21, 2010 — The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into federal law by President Obama, and was enacted, in part, to: – clean up Wall Street, – regulate the mortgage industry, and – protect consumers.    July 21, 2011 — The Consumer Financial Protection Bureau (“CFPB”), which [...]

The CFPB – By the Numbers2017-05-26T20:47:48+00:00
7 10, 2014

Expect Lower Home Heating Bills This Winter


Americans will pay less to heat their homes this winter mostly because of expected warmer temperatures, the Department of Energy forecast Tuesday. Those using propane for heating —- mostly Midwesterners who saw their costs skyrocket during last winter's frigid cold — will see the biggest drop: an estimated 27% or $767 this season, according to [...]

Expect Lower Home Heating Bills This Winter2014-10-07T19:11:18+00:00
29 09, 2014

Why Everybody is Moving to Texas


More Americans moved to Texas in recent years than any other state: A net gain of more than 387,000 in the latest Census for 2013. And Austin was the fastest growing major city. Jobs is the No. 1 reason for population moves, with affordable housing a close second. "It take two things to draw people [...]

Why Everybody is Moving to Texas2017-05-26T20:47:48+00:00
10 09, 2014

Millenials: The Housing Edition


This study was published by The Goldman Sachs Group. Millennials are one of the biggest generations in US history and are comprised of individuals born between 1980 and 2000. Millennials are more diverse, more educated, more in debt and more likely to be in the South and West. The peak millennial cohort is now only [...]

Millenials: The Housing Edition2014-09-10T14:44:51+00:00
8 09, 2014

What You Need To Do To Your House Before Fall


As summer fades out and the first hints of fall arrive, thoughts start to turn to boots and sweaters and parkas and snowball fights. But before we start changing out our wardrobe and preparing for snowfall, there are a few things we should do to our home. Air leaks throughout house     Air leaks [...]

What You Need To Do To Your House Before Fall2017-05-26T20:47:49+00:00
4 09, 2014

Why It’s the Right Time to Buy a New Home Now


So you missed the boat on the summer buying season, huh? If you've got kids in school, you probably think you have to stay put now for another year. But maybe not. Here are a few reasons you should buy a house right now. Inventory is down but so is the buyer pool. That means [...]

Why It’s the Right Time to Buy a New Home Now2017-05-26T20:47:49+00:00
22 08, 2014

Mortgage Rates Hit 2014 Low


Mortgage rates have dropped to their lowest level in over a year. The average rate for a 30-year loan now stands at 4.1%, according to Freddie Mac. That matched its lowest level since June 2013, when it stood at 3.93%. The average 15-year fixed was 3.23%.   The government's stimulus program has helped keep borrowing [...]

Mortgage Rates Hit 2014 Low2017-05-26T20:47:49+00:00