Mortgage lenders report rising profits in Q2 2019
Mortgage loan originators (MLOs) reported net gains in the second quarter (Q2) of 2019.
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Category: Finance and Mortgages
Current market rates
Where are mortgage rates now? Check out our weekly interest rate update to track the latest market rates.
Read MoreMortgage Concepts: What are the elements of nontraditional mortgage risk?
This Mortgage Concepts video reviews the risks identified in the Guidance on Nontraditional Mortgage Product Risks.
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Homebuyers pay more when they don’t mortgage shop
Homebuyers who don’t mortgage shop are leaving a lot of money on the table. Just how much money could they save?
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DBO Bulletin Digest October 2019
This month’s DBO Bulletin Digest features an investment fraud case, public bank law and a cannabis banking guidance.
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Change the law: Phase in a Qualified Residential Mortgage requirement for a 20% down payment
first tuesday proposes to phase in a graduated down payment requirement for the qualified residential mortgage (QRM).
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FHA smooths the path for condo approvals
The FHA is now processing approvals for individual units in unapproved projects.
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California’s annual mortgage report card is out
Some noteworthy mortgage data is now available from the Home Mortgage Disclosure Act (HMDA).
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Is it a Section 32 loan?
The Home Ownership and Equity Protection Act (HOEPA) protects consumers against potential abuses in connection with high-cost home loans.
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Q3 2019 Buyer Purchasing Power Index rises as interest rates fall
The California Buyer Purchasing Power Index (BPPI) figure rose to +10.1 in September 2019.
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With the GSE Patch expiring in 2021, what will happen to the qualified mortgage rule?
The CFPB’s plans to let the GSE Patch expire, though they are considering a temporary extension.
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DBO Bulletin Digest August 2019
Your August 2019 DBO Bulletin digest
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Lower LTVs required for FHA, VA cash-out refinances
Cash-out refinances on FHA mortgages will need a minimum of 20% equity.
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ARM rates on the rise
The average ARM rate has fallen back in 2019.
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Fintech struggles to advance real estate
While fintech has revolutionized financial markets, it has made relatively little difference in how we buy and sell real estate.
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Refinances oppose interest rate movement
As refinances slow, mortgage originators are getting nervous.
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DBO Bulletin Digest July 2019
A review of the July 2018 DBO Bulletin.
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ARMs less attractive in 2019 as FRM rates fall
Use these charts to compare the average ARM rate with the 30-year FRM rate.
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How the Fed initiates a recession
As we look ahead to the next recession, it’s important to understand how recessions come about and the key players involved.
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A more cautious, secure generation of first-time homebuyers is emerging
In 2019, ten years after the conclusion of the recession, young adults are finally reaching a recovery.
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