Fewer banks are headed for trouble, according to key measure of banking stability. But the banks that do show trouble are more troubled than usual.
Read more: http://tinyurl.com/pct87fs
Tag Archives: lenders
Uncertain future has some mortgage lenders worried: brokers
The Town of High River’s flood-mitigation projects are being constructed with the community’s safety in mind, but increasingly, their efforts and residents actions in the post-flood period have a part to play toward increasing Canada’s mortgage lenders confidence in the community.
Read more: http://tinyurl.com/qh2s3dj
New mortgage rules may favor wealthiest borrowers
New mortgage rules that go into effect Jan. 10 are designed to protect borrowers and lenders from the ills of the last housing crash. If lenders apply the rules, they are protected from legal recourse by borrowers or investors should the loans go bad.
Read more: http://www.cnbc.com/id/101298859
Buy to rent lending
CNBC’s Diana Olick reports Blackstone is closing its very first loans to other investors to buy single family homes as rentals. Tom Barrack, Colony Capital founder, Chairman and CEO, provides perspective.
Video: http://tinyurl.com/kqse4ny
The new mortgage landscape: What you need to know
Home mortgage debt rose in the third quarter of this year for the first time since the end of 2008, according to a new report from the Federal Reserve.
Read more: http://www.cnbc.com/id/101261799
Rising mortgage rates a boon to smaller lenders
While 203,000 jobs added to the U.S. economy in November is welcome news, it will push interest rates higher—specifically, residential mortgage rates. Those rising rates, along with tighter underwriting and fast-rising home prices, are pushing borrowers away from larger lenders.
Read more: http://www.cnbc.com/id/101253229
Average 30-year mortgage rate jumps to 4.46%
WASHINGTON (AP) — Average U.S. rates for fixed mortgages rose sharply this week, making home-buying slightly less affordable.
Read more: http://tinyurl.com/qg62n29
Easier to get a mortgage? For some …
Make no mistake: Mortgage credit is still very tight by historical standards, and only borrowers with the most pristine credit and healthy down payments can get the lowest rates. But there are signs that the noose is loosening, if only slightly, in response to lower mortgage volume.
Read more: http://www.cnbc.com/id/101191559
Housing markets about to get squeezed
The Federal Housing Finance Agency plans to reduce the maximum size of mortgages backed by Fannie Mae and Freddie Mac this January.
Read more: http://tinyurl.com/kw92x6j
Did My Lender Pull a Bait and Switch?
You’re a comparison-shopping ninja, and you go after the lowest mortgage rates with all the gusto of a four-year-old at an Easter egg hunt. You contact a dozen lenders. You compare interest rate quotes and start your home loan application. But when it’s time to lock in your mortgage rate, you’re suddenly told that your original quote is NOT available – and the rate that IS available is much higher!
Read more: http://tinyurl.com/kbto5d2