Mortgage and Real Estate Insight

Mortgage and Lending - Regions Mortgage



An investigative report by a South Florida newspaper has found that the state of Florida issued mortgage licenses to more than 10,000 applicants with criminal records. In addition, the report found that of the 10,000 with criminal records, some 4,000 managed to pass background checks despite havi...
The Mortgage Banker's Association of America released weekly mortgage purchase applications showing a 1.7% increase last week over the week prior. This is the third straight week of increases which is a positive sign for the housing sector. On a more somber note, the National Association of Homeb...
New mortgage insurance requirements went into effect on on Monday that further restrict the availibility of mortgage loans to a majority of potential homebuyers. Mortgage insurance, once thought to be on its way out in the boom times of "combo" or "piggyback" loans is now limiting coverage to its...
I normally refrain from media bashing. Cable and internet news providers are simply trying to earn a living when they constantly dredge up bad economic news and harp on every mortgage company failure or rise in foreclosure. But what has happened this week in terms of Fannie Mae and Freddie Mac's ...
The National Association of Realtors reported yesterday that pending homeĀ  sales fell by 4.7% in May after surprise uptick the month prior. Economists had expected a decline of 2.8%. NAR's "Pending Home Sales Index" fell to 84.7 from 88.9 in May and has fallen 14% since May 2007. NAR chief econom...
Speculation over the health and stability of home lending giants Fannie Mae and Freddie Mac turned to outright concern on Monday as shares in the two government sponsored entities (GSE's) fell 20% and 22% respectively. Both lenders have struggled of late with Fannie Mae losing money for the last ...
The modest rally in the bond market over the past week that has seen the yield on the ten year Treasury note fall more than 55 basis points has spilled over into the mortgage rates spurring a rise in mortage applications. The Mortgage Bankers Association of America reported today that mortgage ap...

Hunter Palmer

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