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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
The majority of renters say home ownership is one of their highest priorities for their future, and more renters are saying they want to buy soon, according to a survey conducted by the National Association of REALTORS®. Renters are showing stronger desires for home ownership compared to recent years, according to the survey.  “Home ownership matters to Americans who consistently r...
Read Post [Posted on 11/28/2014 By John Askins]
Warren Buffet gives the thumbs-up to homes as an investment, while regulators and legislators debate whether to reduce principal on troubled loans.Positive signs abound in this week’s headline roundup as billionaire investor Warren Buffet recommends home ownership as a good long-term investment. Buyers must be on the same wavelength as pending home sale contracts rise to their highest level in two...
Read Post [Posted on 11/26/2014 By Garrett McWhorter]
A tool in the fight to stave off more foreclosures and help rally the housing market gets jammed by debate.Facing heightened pressure from the White House and Congressional Democrats, Federal Housing Finance Agency Acting Director Edward DeMarco doubled down last week on his opposition to allow Fannie Mae and Freddie Mac, the agencies he regulates, to reduce the principal on underwater m...
Read Post [Posted on 11/26/2014 By Garrett McWhorter]
With interest rates nudging upward, home owners wanting to refinance should act soon.Now might be the best time for home owners who have been putting off refinancing. After a slight increase, mortgage rates slipped back below 4% this week, but it’s unlikely that they will remain near historic lows. Home owners with FHA loans could also benefit from reduced mortgage insurance costs becaus...
Read Post [Posted on 11/26/2014 By Garrett McWhorter]
A home buyer gets ready for settlement day only to discover right before the “Big Day” that they are going to have to bring a lot more cash to close the deal than they originally thought. The surprise can sometimes threaten to derail a deal. Lenders are required to provide buyers a good faith estimate of closing costs within three days of receiving borrowers’ mortgage applications. But these goo...
Read Post [Posted on 11/26/2014 By John Askins]
The Consumer Financial Protection Bureau says its new proposal aims to improve mortgage servicers' treatment of home owners who are facing foreclosure. The proposal requires lenders to provide struggling borrowers with foreclosure protections more than once over the life of a loan, if necessary, as well as to take steps to protect borrowers from a wrongful foreclosure sale. The proposal ...
Read Post [Posted on 11/25/2014 By John Askins]
Investors have targeted the nation's undeveloped land. They're snatching up undeveloped land heavily discounted in bankruptcy proceedings from developers and banks that foreclosed on the builders once they ran out of money for their projects, Reuters reports. The investors then resell the land for up to 20 percent or more returns on their investment. Or, in a buy-and-hold strategy, the investors p...
Read Post [Posted on 11/25/2014 By John Askins]
Rising home prices have helped many home owners welcome the return of equity in their homes last year, CoreLogic reports.“The plight of the underwater borrower has improved dramatically since negative equity peaked in December 2009 when more than 12 million mortgaged home owners were underwater,” says Mark Fleming, chief economist for CoreLogic. “Over the past four years, more than 5 mil...
Read Post [Posted on 11/25/2014 By John Askins]
While it may be acceptable to snap up a pair of shoes on an impulse, the choice to buy a home requires thoughtful planning and decision making.Whether you’re becoming a homeowner for the first time or you’re a repeat buyer, buying a home is a financial and emotional decision that requires the experience and support of a team of reliable professionals including a ...
Read Post [Posted on 11/24/2014 By Michelle Cannon]
Now that the U.S. economy appears headed on the right track, the Federal Reserve has debated whether to refine its guidance on interest rates. The Fed's word choices about potential changes in interest rate policy get closely scrutinized by investors, and Fed officials discussed recently whether they need to tweak the message they're sending to the market. The latest Federal Open Ma...
Read Post [Posted on 11/24/2014 By John Askins]
Ask any homeowner what they dreaded the most about their home purchase experience, and most will tell you that the mortgage application process can be the most daunting of all the tasks required.  And for homeowners locating to a new area, it can be particularly challenging to select the right company.  How do you select a company that is both very reputable, and will go out of their way...
Read Post [Posted on 11/23/2014 By Michael Smothers]
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]
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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]
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