Browsing Posts In: loans

January 31, 2017 Posted by: Ken Fears, Director, Regional Economics and Housing Finance

On January 10th, the FHA lowered its annual mortgage insurance premium (MIP) by 25 basis points. That decision was put on hold pending a review on January 21st. This alteration to the FHA’s fee structure was unique as it made many borrowers in the current pipeline eligible for the fee reduction. NAR Research surveyed a […]

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Posted by: Ken Fears, Director, Regional Economics and Housing Finance

On January 10th, the FHA lowered its annual mortgage insurance premium (MIP) by 25 basis points. That decision was put on hold pending a review on January 21st. This alteration to the FHA’s fee structure was unique as it made many borrowers in the current pipeline eligible for the fee reduction. NAR Research surveyed a […]

... Read More

November 23, 2016 Posted by: Ken Fears, Director, Regional Economics and Housing Finance

For the first time since 2006, the conforming loan limit will rise in 2017. This change is important in today’s housing market as it allows the financing market to expand to meet the growing needs of strong consumer demand and rising home prices. Furthermore, while the conforming limits will rise, it is unlikely to adversely […]

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Posted by: Ken Fears, Director, Regional Economics and Housing Finance

For the first time since 2006, the conforming loan limit will rise in 2017. This change is important in today’s housing market as it allows the financing market to expand to meet the growing needs of strong consumer demand and rising home prices. Furthermore, while the conforming limits will rise, it is unlikely to adversely […]

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February 25, 2015 Posted by: Ken Fears, Director, Regional Economics and Housing Finance

With the recent changes to the FHA’s pricing, it’s worth reviewing the FHA’s impact on the market. There are a number of ways to measure the FHA’s market share. No matter which method is chosen, the FHA’s market share has fallen significantly since its peak, ceding way to private capital. The FHA has two roles: […]

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November 12, 2014 Posted by: Ken Fears, Director, Regional Economics and Housing Finance

Recently the FHFA announced that it would begin to allow the GSEs to finance loans with as little as 3% down payments.  This news was received with mixed reviews.  Some view it as an improvement in access for entry-level buyers while others see it as a step down the path of loose lending that brought […]

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May 14, 2013 Posted by: scott

When it was announced that the Federal Housing Administration would extend its mandatory monthly mortgage insurance premiums to a minimum of 10 years up to as long as the life of its 30-year loans depending on the size of the down payment, many market observers were incredulous.  Others felt that it was a political move […]

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July 18, 2012 Posted by: scott

The Office of the Comptroller of the Currency published its Semiannual Risk Perspective for the spring of 2012 on July 5th.  In it, the agency outlined concerns about a potential wave of rate resets on home equity lines of credit (HELOCs) that are set to occur from 2014 until 2017.  While these loans certainly merit […]

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January 10, 2012 Posted by: Dave

Pre-qualified Pre-qualified means a buyer has determined that he or she can afford to buy in a certain price range. This can be done by a REALTOR®, a banker, or by the buyer. Usually no documentation is required for a pre-qualification as it is simply a first, small step in the loan process. Pre-approved Pre-approved […]

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