In California, where down payments are highest, homeownership is lowest
Low loan-to-value ratios (LTVs) aren’t necessarily a good thing.
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Tag: loan-to-value ratio (LTV)
Freddie Mac loosens requirements for Home Possible Mortgage program
Freddie Mac is consolidating two mortgage programs and broadening mortgage access.
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Low LTVs provide little motivation for California sellers
California has one of the lowest average loan-to-value ratios in the U.S.
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New guidelines for sales of notes secured by real estate or a business opportunity
Brokers selling notes secured by real estate or a business opportunity need to adhere to new investor questionnaire guidelines.
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It’s official: high LTV ratio increases foreclosure risk
Our foreclosure problem runs deep.
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Put back risk is huge for Big Banks – or is it?
Why do you think Wells Fargo is taking so much of the mortgage market? They have the best customer...
Read MoreFreddie allows low-loan-to-value (LTV) homeowners a chance to refinance
Do you have clients who would like to take advantage of today’s low interest rates by refinancing, but are unable to since they have more than 20% equity in their home? Good news! If their mortgage is owned by Freddie Mac, they...
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Negative equity solved on demand
The big picture of negative equity in U.S. real estate is enough to make a grown broker cry, and...
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Put away your put-backs, Frannie
Originating a home loan imposes a degree of risk on the lender, the stakes of which are made all...
Read MoreBofA offers cramdowns with a twisted arm
Do you think BofA’s cramdown offers are likely to extend beyond 200,000 to greater numbers of underwater California homeowners? No (70%, 52 Votes) Yes (30%, 22 Votes) Total Voters: 74 Bank of America (BofA) has begun offering...
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Bankers, their crystal balls, future mortgage volume
What is your source for housing market forecasts? I formulate my own predictions. (34%, 18 Votes)...
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HARP strikes back, but will lenders conform?
How many of your clients seeking to refinance will qualify for HARP 2.0? 10% or less (81%, 59...
Read MoreWhy Boomers will still retire after the boom
This article argues that the diminished housing wealth of the Baby Boomer generation will not forestall their retirement-induced migration, and clarifies the nuances in the debate over Baby Boomer behavior in today’s real estate marketplace.
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An FHA recipe for disaster
Congress has raised the jumbo limit for Federal Housing Administration (FHA) loans back to...
Read More“Walking away” from the Great Recession
The “F” word has never been mentioned in the news as much as it has in recent months: foreclosure. News of foreclosure paperwork snafus and moratoriums have recharged concerns regarding the effect of foreclosures on the sluggish...
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