You are invited to beta test the new statewide HAR.com. See More...
 
Houston Real Estate Blogosphere
Houston Real Estate Blogosphere brings together all the blog posts of REALTORS from the Houston area in one place
Post by Category
 

Mortgage & Finance

The most recently published posts in the Mortgage & Finance category
What impact will Fannie Mae retiring the HomePath Mortgage and HomePath Renovation Mortgage have on buyers?  The HomePath Mortgage (HPM) offered 5% down payment, no mortgage insurance  and no appraisal along with expanded seller contributions toward closing costs for primary residence to a foreclosed Fannie Mae property.   For investors, it offered financing with as little as 1...
Read Post [Posted on 11/22/2014 By Nadine Cius]
Continuing debate to phase out or revamp Fannie Mae and Freddie Mac may make 30-year fixed-rate mortgages harder to find, housing experts say. A previous outline drafted by the Treasury Department, the Department of Housing and Urban Development have circulated over the last year calls for winding down Fannie and Freddie over the next five to seven years. Congress continues to debate the future of...
Read Post [Posted on 11/22/2014 By John Askins]
                                                                                                              ...
Read Post [Posted on 11/21/2014 By Susan Greer]
For many home buyers, pre-qualification is the first step to buying a house.But you shouldn’t put your feet up after the first step and expect everything to just fall into place: There’s plenty more to be done.Here’s a straightforward guide for going from pre-qualified buyer to homeowner the smart way.Step 1: Pre-QualificationThe pre-qualification process is...
Read Post [Posted on 11/21/2014 By Michelle Cannon]
HOPE NOW, an organization dedicated to helping struggling home owners, is offering an eight-part podseries that provides U.S. service members with information about housing laws and issues from a military perspective. Topics covered include short sales, VA assistance, second-home ownership, mortgage challenges, and investment properties. The podcasts can be retrieved from HOPE NOW's web...
Read Post [Posted on 11/20/2014 By John Askins]
The Federal Housing Administration is back in the black. After two years posting steep losses, the government insurer of home loans has seen its insurance fund climb to a profit, and the agency will no longer require emergency bailout money from the government. However, the agency says it has no plans to lower the cost of its loans. The housing crisis, which saw the number of mortgage defa...
Read Post [Posted on 11/19/2014 By John Askins]
A study by the Center for Responsible Lending found that blacks and Hispanics were offered risky loan terms three times more than whites. More specifically, researchers found that blacks and Hispanics with credit scores of 660 or higher were offered subprime and option adjustable-rate mortgages dramatically more than similar white borrowers between 2004 and 2008. Furthermore, about 25 percent of ...
Read Post [Posted on 11/19/2014 By John Askins]
Arming today’s youth with greater financial knowledge is the key to making sure there is no repeat of the housing and economic crisis, Richard Cordray, director of the Consumer Financial Protection Bureau, said at a recent meeting of the President’s Advisory Council for Financial Capability for Young Americans. “Now more than ever, as we emerge from the deepest financial and economic cr...
Read Post [Posted on 11/19/2014 By John Askins]
Property taxes in Texas If you’re moving to Texas, you need to understand a little bit about how property taxes are determined in this state. According to Texas law, all property, whether personal or used for business, is taxable at its market value.The total tax burden for any given property starts with the appraised value given to the property by the appraisal district of each county.  ...
Read Post [Posted on 11/18/2014 By Connie Inmon]
The number of mortgage originations issued from credit unions in the first half of 2014 has climbed 10 percent year-over-year. This has elevated credit unions to having more than 8 percent share of the home loan market—about triple their share prior to the recession—making them a growing option for home buyers looking for financing, according to data from the Credit Union National Associ...
Read Post [Posted on 11/17/2014 By John Askins]
Twenty-one million Americans -- or nearly 30 percent of home owners -- are mortgage-free, according to data since last year. Despite the previous slump in the housing market last decade, the number of home owners without a mortgage is about the same as it was in 2000, according to a report released by Zillow. Housing markets with the highest rate of home owners who own their homes outright wer...
Read Post [Posted on 11/17/2014 By John Askins]
Fannie- and Freddie-required fees hinder many home owners’ efforts to refinance. A new bill aims to give up-to-date but upside-down borrowers a fair shake.In the classic comedy film “What About Bob?” Bill Murray’s therapist, played by Richard Dreyfuss, prescribes his patient a technique to solve his chronic anxieties: Murray should take baby steps through life, the doctor says.Now may be the time ...
Read Post [Posted on 11/17/2014 By Garrett McWhorter]
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending November 7 fell 0.9% from the previous week. Purchase volume rose 1%. Refinancing applications decreased 2%. Wholesalers increased their inventories 0.3% to $538.8 billion in September. Sales at the wholesale level rose 0.2% to $454.3 billion in September. On a year-over-year ...
Read Post [Posted on 11/17/2014 By Diana Walton]
Short sale and foreclosure transactions can be fraught with potential legal problems for real estate professionals. And as the number of these transactions continues to skyrocket, agents need to be careful, says Stella Ling, managing senior counsel of the California Association of REALTORS®. Short sales success rate is only about 50 percent, Ling said, so "the best thing to do is to prescree...
Read Post [Posted on 11/16/2014 By John Askins]
The Blackstone Group has been the largest investor in the U.S. of single-family rental homes, having purchased more than 6,500 foreclosed homes in eight metro areas. Investors have been taking advantage of lower home prices over the last few years by snapping up foreclosed properties at big discounts and turning them into rentals. That could equate to about 40,000 to 80,000 properties, according t...
Read Post [Posted on 11/16/2014 By John Askins]
Next
Find a Blog
Agent name
Blog name