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Houston Real Estate Blogosphere
Houston Real Estate Blogosphere brings together all the blog posts of REALTORS from the Houston area in one place
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Mortgage & Finance

The most recently published posts in the Mortgage & Finance category
U. S. economic data out this week was mixed, with GDP, the housing market and inflation showing some slippage, while consumer confidence and durable goods orders rose. Consumer confidence at a 7-year high After a modest increase to 93.1 in December, the Conference Board's Consumer Confidence Index surged to 102.9 in January. A greater number of U.S. consumers surveyed expected business c...
Read Post [Posted on 03/01/2015 By John Askins]
Real Estate Logic 101: Buyers always prefer new construction, even though new construction prices are rising. Therefore, mortgage rates are going up. That’s according to the Freddie Mac Primary Mortgage Market Survey, which reported that new-home sales and price appreciation had driven the average 30-year fixed-rate mortgage to 3.8% this week, up from 3.76% l...
Read Post [Posted on 02/27/2015 By Michelle Cannon]
Jay Wall III, senior vice president with Moody Rambin in Houston, specializing in tenant representation, recently penned the following anaysis of the Houston commercial office market for the Houston Business Journal: Houston has more than 17 million square feet of new office space currently under construction, but the joyride is about to end. Much of it is of single-tenant campuses — I...
Read Post [Posted on 02/27/2015 By John Askins]
On Aug. 1, real estate and industry professionals are preparing for a change in loan closing policy...that last-minute changes three days before closing will become much more challenging to make. The Consumer Financial Protection Bureau is combining mortgage forms and disclosure documents that will be required to be given to clients much earlier, which means any changes after the fact could qui...
Read Post [Posted on 02/27/2015 By John Askins]
Would-be borrowers who have credit scores below 620 are increasingly being denied a mortgage, struggling to meet lenders’ more stringent underwriting standards, says Elizabeth Duke, member of the Board of Governors for the Federal Reserve System..  From 2007 to 2012, mortgage originations for borrowers who had a credit score between 620 and 680 fell nearly 90 percent, Duke said. Duri...
Read Post [Posted on 02/27/2015 By John Askins]
As home prices rise, lenders are showing less willingness to grant short sales, RealtyTrac reports.  The number of short sales has been gradually dropping the last few months. “After a surge in short sales in late 2011 and early 2012, the favored disposition method for distressed properties is shifting back toward the more traditional foreclosure auction sales and bank-owned sal...
Read Post [Posted on 02/27/2015 By John Askins]
  5 Large Bedrooms & closets, Master down, 3.5 Baths, Island Kitchen, Breakfast Nook & Bar, Formal Dining, Study, Large Family, & Gameroom. Study could be a 6th Bedroom & down! All rooms are huge even the pantry & utility room! Home is on a cul-de-sac with a private, huge Back Yard & Covered Porch that backs to a Greenbelt! Enough room for a pool & a Garden! Hur...
Read Post [Posted on 02/26/2015 By Cassie Bradford]
Home buyers showed the money in 2014. The share of buyers using low down payment loans plunged to an 11-year low last year, according to a new analysis of nearly 20 million purchase loans for single-family homes and condos nationwide. In 2014, 25 percent of home buyers using conventional or Federal Housing Administration loans put less than 3 percent down when purchasing a home – that&rsq...
Read Post [Posted on 02/26/2015 By John Askins]
Almost a decade removed from the peak of the housing crisis, some analysts are questioning whether the public still considers home ownership to be part of the American dream. But the home ownership dream is still alive, according to several surveys. For example, Woodrow Wilson Center found that the majority of Americans rated the importance of home ownership on a personal level at 10 out o...
Read Post [Posted on 02/26/2015 By John Askins]
When you took out a mortgage to buy your home, did you pay points? You may be able to deduct that prepaid interest on your federal tax return — but only if you meet a long list of rules. If you determine that your purchase mortgage points are deductible, you'll report them on Schedule A of Form 1040. Image: Liz Foreman for HouseLogic The points you paid when you sig...
Read Post [Posted on 02/24/2015 By Marla Lewis]
The Consumer Financial Protection Bureau is developing new forms simplifying the paperwork that borrowers receive when applying for loans will go into effect in August, 2015. The forms are to make it easier for consumers to shop for a mortgage as well as clearly lay out the terms and costs of loans for home buyers so they know the risks and their financial obligations to repay the loan at the fore...
Read Post [Posted on 02/24/2015 By John Askins]
When the economy slid into recession last decade, many companies slashed payrolls and had remaining workers pick up the duties from vacant positions. But when the economy showed signs of reviving, employers weren't eager to send their payroll back to the good old days before the recession hit, many times because companies were now enjoying record profits even while joblessness hovered ...
Read Post [Posted on 02/24/2015 By John Askins]
While mortgage application fraud has dropped year-over-year, the industry is seeing a rise in income-based fraud, according to CoreLogic findings.  CoreLogic officials say the increase may be due to rules that require lenders to verify a mortgage applicant’s ability to repay a loan. For many loans, borrowers must show they can repay the loan before lenders can issue them a ...
Read Post [Posted on 02/23/2015 By John Askins]
The U.S. economy continues to expand at a steady pace, according to minutes from the Federal Open Market Committee (FOMC) meeting in late-January. Inflation, which is currently below the Fed's 2% goal, remains a concern, as does the rocky global economy. Fed officials continue to monitor economic developments closely in anticipation of an interest rate increase. Minutes from the FOMC m...
Read Post [Posted on 02/22/2015 By John Askins]
The home ownership rate among college graduates is less than non-grads, according to the New York Federal Reserve.  College graduates are facing increasing obstacles to home ownership, mostly due to high debt levels and weak job prospects. The delay in Millennials entering into home ownership could be a drag on the housing industry for years to come, CNNMoney reports.  The average ...
Read Post [Posted on 02/22/2015 By John Askins]
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