Record low rates for both larger loans and low down-payment loans drove an increase in mortgage demand last week. Total mortgage application volume rose 3.8% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
The demand was fueled by refinances, which rose 6% for the week and were 88% higher…
In the largest bailout since the Great Recession, the Fed has bought $1 Trillion in mortgage bonds, expected to eclipse 34% of the market by years end.
Does This Help Me?
This action was a drastic attempt at stabilizing the refinance market to allow homeowners to 'get a raise' by refinancing at a lower rate.…
In a dramatic policy pivot the Fed announced Thursday that it will allow inflation to run 'hotter than normal' to help support the economies bounce back from coronavirus.
This means that interest rates are unlikely to dramatically rise any time soon. This doesn't mean that rates will stay as low as they are, but that…
A proposed fee for federally-backed mortgage refinances which was set to go into effect on September 1st has been delayed until December 1st in response to delays in the implementation due to coronavirus.
This fee, which on average will cost refinancers $1,400 will, was created to support Freddie Mac and Fannie Mae deal with expected…
The pandemic caused a major impact on everyone’s lives. From lost jobs to lost homes and lost loved ones, the pandemic caused ripples of impact that have lasted until the opening months of 2021. For many homeowners who lost their jobs, it looked for a time like there was no solution in sight for their…
AmeriSave Mortgage Corporation is a full-service mortgage lender operating in 49 states and DC. Established in Atlanta in 2002, it has funded 220,000+ homes for a total value of nearly $60 billion. AmeriSave is known for offering streamlined online applications with the option of contacting customer support any time you need assistance.
Overview
AmeriSave is…
Quicken Loans LLC. is a mortgage lending company headquartered in the One Campus Martius building in the heart of the financial district of Downtown Detroit, Michigan. In January 2018, the company became the largest overall retail lender in the U.S. (it is also the largest online retail mortgage lender).[14] Unlike other large mortgage lenders that depend on deposits, Quicken Loans relies on wholesale funding to make…
Better Mortgage Corporation is a direct lender that uses technology to provide a fast and transparent digital mortgage experience backed by customer support. It was founded in 2014 and is backed by big-name investors including Citi, Goldman Sachs, Kleiner Perkins, and American Express. To date, it has originated more than $2 billion in conventional mortgage…
When homeowners find themselves in trouble financially, they often are concerned about how they will pay their mortgage every month. This can be the biggest monthly expense for many people and not being able to pay your mortgage can lead to stress and fear.
The FMERR program is a Freddie Mac Enhanced Relief Refinance mortgage…