Weekly mortgage refinance applications spike 15% as interest rates plunge to lowest in nearly 4 years

Homeowners rushed to take advantage of the sharp drop in interest rates last week. Refinance demand pushed total mortgage application volume up 5% for the week to the highest level since 2013, according to the Mortgage Bankers Association. Real Estate … Read more…

Weekly mortgage refinances jump 10% as rates drop to the lowest level since August

An unexpected decline in mortgage interest rates had homeowners calling their lenders last week, looking to save money on their monthly payments. Economy ECONOMY NEWS UPDATE: SPECIAL NEWS UPDATE: Click today to request your free ACRX discount prescription card and … Read more…

African Americans are More Likely to Be Denied a Mortgage Without Reason

Congress enacted the Home Mortgage Disclosure Act (HMDA) in 1975 to increase lending opportunities in urban neighborhoods throughout the United States. However, more than 40 years later, discrimination practices are still salient. According to a recent study released by real estate data … Read more…

5.1.19 Getting a mortgage if you are self-employed; New-style payday lenders; Robot baristas are on the way

Getting a mortgage is getting easier for self-employed folks; Clark warns against using apps that will advance you cash before your paycheck comes in; Robot baristas are making their way into high-traffic areas like airports Learn more about your ad … Read more…

Mortgage fraud is getting worse as more people lie about their income to qualify for loans

Mortgage fraud risk jumped more than 12 percent year over year at the end of the second quarter, according to CoreLogic, which measures six fraud indicators: identity, income, occupancy, property, transaction and undisclosed real estate debt. Real Estate BEST DEAL … Read more…