Dennis Norman

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending September 3, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 6.3 percent from the week before. The four-week moving average of home purchase mortgage [...] Related posts:

1. Home Mortgage Purchase Applications Increase; First Time in Six Weeks Dennis Norman After five consecutive weeks of decreases, the Mortgage...
2. Home Purchase Mortgage Applications Increase Slightly for Second Consecutive Week Dennis Norman With mortgage rates near an all-time low one...
3. Refi’s Shoot Up to Highest Level in Over a Year; Home Purchase Mortgage Applications Drop Dennis Norman Record-low interest rates have brought out existing homeowners...

Dennis Norman

Reverse mortgages have become increasingly popular over the past few years with seniors that find themselves with a large amount of equity in their home, but short on cash, or struggling to pay for the upkeep of the home, property taxes, insurance or other living expenses. A reverse mortgage allows people [...] Related posts:

1. HUD Announces Plans to Make Reverse Mortgages More Affordable Dennis Norman The Federal Housing Administration (FHA) announced this week...
2. New Rules Announced to Protect Mortgage Borrowers Dennis Norman Over the past couple of years lawsuits have...
3. Fannie Mae’s New Rule Punishes Borrowers That ‘Walk-Away’ Dennis Norman So, you have the money to pay on...

A report published by Lender Processing Services (LPS) analyzing homeowner’s performance on their mortgages as of July 2010 shows that mortgage delinquencies continue to decline however are still at very high levels versus historical norms. At the same time however, foreclosure starts have increased to the fourth highest level on record. [...] Related posts:

1. Foreclosure and Mortgage Delinquency Rates Stabilizing Dennis Norman A report published by Lender Processing Services (LPS)...
2. Mortgage delinquencies set new record in third quarter Unemployment Remains Main Cause of Delinquencies The second quarter of...
3. Mortgage Delinquencies Fall in 1st Quarter; First Decline Since 2006 Dennis Norman Consistent with the report on mortgage delinquencies from...

Interest rates dropped to new record lows this past week bring out existing homeowners to refinance their existing mortgages and even bringing out some homebuyers.

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending August 27, 2010, the MBA Purchase Index (a measure of the [...] Related posts:

1. Record-Low Interest Rates Spur Refinancing; Home Purchase Mortgage Applications Increase Slightly Dennis Norman Last week I said that in my real...
2. Home Mortgage Applications Last Week Drop; Interest Rates Declined Slightly Dennis Norman The Mortgage Bankers Association (MBA) released its weekly...
3. Home Purchase Mortgage Applications Last Week Plummet; Interest Rates Decrease Slightly Dennis Norman The Mortgage Bankers Association (MBA) released its weekly...

Dennis Norman

The Federal Housing Administration (FHA) announced this week that it intends to make modifications to its Home Equity Conversion Mortgage (HECM), a reverse mortgage loan insured by the federal government, to make it more attractive and cost effective for older home owners seeking to tap their home equity.

A HECM [...] Related posts:

1. FHA Tightens Standards Dennis Norman FHA Announces Policy Changes to Address Risk and...
2. The Latest Data on the Home Affordable Modification Program Ted Gayer, Co-Director of Economic Studies, Brookings Institute The U.S....
3. MBA’s Purchase Index for mortgages drops to lowest level in almost 9 years Dennis Norman The Mortgage Bankers Association (MBA) released its weekly...

Over the past couple of years lawsuits have been filed against several lenders over “yield spread premiums” that were paid by the lenders to mortgage brokers originating loans on their behalf. These suits brought a lot of attention to a common practice in the mortgage industry which was to compensate the companies [...] Related posts:

1. Mortgage Interest Rates Remain Low But Borrowers Face More Hurdles After the problems we have seen over the past couple...
2. Wells Fargo Was Top U.S. Commercial/Multifamily Originator in 2009 According to MBA Dennis Norman Wells Fargo Bank was the top commercial/multifamily originator...
3. Almost one-in-four borrowers underwater on home mortgage Seventy Percent of all mortgaged properties in Nevada are underwater...

Dennis Norman

For some time now I’ve been saying the precursor to the housing market recovering is for the mortgage delinquency and foreclosure rates to fall from the present, near-record levels, down to closer to historical norms. The current mortgage loan delinquency report from TransUnion shows that, for the second consecutive quarter, things [...] Related posts:

1. Mortgage Delinquencies Fall in 1st Quarter; First Decline Since 2006 Dennis Norman Consistent with the report on mortgage delinquencies from...
2. Mortgage delinquencies set new record in third quarter Unemployment Remains Main Cause of Delinquencies The second quarter of...
3. Mortgage Delinquencies Jump Over 10 Percent Dennis NormanDeceleration in Rise of Mortgage Delinquencies Short Lived Back...

Dennis Norman

Record-low interest rates have brought out existing homeowners to refinance their existing mortgages at lower rates….however, the rates don’t seem to be having the same effect on home-buyers who still seem reluctant to pull the trigger and buy a home.

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the [...] Related posts:

1. Home Purchase Loan Applications Drop to Lowest Level Since 1997 Dennis Norman Mortgage Applications Indicate Home Sales Are Slowing The...
2. Home Mortgage Purchase Applications Drop Again Dennis Norman After last weeks increase in loan applications from...
3. Home Purchase Mortgage Applications Continue to Decline Dennis Norman Mortgage Applications Continue to Indicate Home Sales Are...

Dennis Norman

For the fourth-consecutive week, there has been a little increase in consumers applying for a mortgage to buy a home. According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending August 6, 2010, the MBA Purchase Index (a measure of the volume of [...] Related posts:

1. Home Purchase Mortgage Applications Increase Slightly for Third-Consecutive Week Dennis Norman For the third consecutive week, there has been...
2. Mortgage interest rates drop slightly-Mortgage applications increase Home-buyers mortgage activity increases from week before…down from a month...
3. Home Purchase Mortgage Applications Increase Slightly for Second Consecutive Week Dennis Norman With mortgage rates near an all-time low one...

Dennis Norman

For the third consecutive week, there has been a little increase in consumers applying for a mortgage to buy a home. According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending July 30, 2010, the MBA Purchase Index (a measure of the volume [...] Related posts:

1. Home Purchase Mortgage Applications Increase Slightly for Second Consecutive Week Dennis Norman With mortgage rates near an all-time low one...
2. Home Purchase Mortgage Applications Last Week Plummet; Interest Rates Decrease Slightly Dennis Norman The Mortgage Bankers Association (MBA) released its weekly...
3. Record-Low Interest Rates Spur Refinancing; Home Purchase Mortgage Applications Increase Slightly Dennis Norman Last week I said that in my real...