The Real Deal New York

Posts Tagged ‘Mortgage Applications’

  • The tighter U.S. lending standards effective this month could make it harder for self-employed borrowers to get a mortgage. [more]

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  • home loanMortgage lending rules slated to take effect on Jan. 10 were designed to protect borrowers and investors from the risks of bad home loans, but they could actually make it harder for first-time buyers to secure a mortgage.

    The new, optional regulations require lenders to prove that borrowers are able to repay their mortgages, with stricter caps on debt-to-income ratios. If the loans conform to the federal guidelines — dubbed qualified mortgages, or QM — borrowers cannot sue lenders if the mortgages go belly up. [more]

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    Mortgage applications fell for the week ending Sept. 6 fell 13.5 percent from a week earlier, the Mortgage Bankers Association announced today.

    The Refinance Index slipped 20 percent, a 71 percent drop from its peak in May. The index is at its lowest level since June 2009. The seasonally adjusted Purchase Index fell 3 percent from a week earlier, while the unadjusted Purchase Index dropped 14 percent percent in the same span of time. The latter was an increase of 7 percent from the same week last year, the group said. [more]

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  • U.S. mortgage rates near two-year high

    September 05, 2013 01:50PM

    U.S. mortgage rates inched close to a two-year high last week, Freddie Mac said. A 30-year fixed mortgage increased from a rate of 4.57 percent this week from 4.51 percent, according to data from Freddie cited by Bloomberg News. For 15-year fixed mortgages, the rate was up to 3.59 percent from 3.54 percent. [more]

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    Mortgage applications for the week ending June 21 fell 3 percent from a week earlier, the Mortgage Bankers Association announced today.

    The measure of mortgage loan application volume, also known as the Market Composite Index, dropped 3 percent from a week earlier on a seasonally adjusted basis – to the lowest level since November 2011. The decrease is the same on an unadjusted basis. [more]

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  • You can call it Big Brother. You can call it high-tech snooping. But be aware: If you are applying for a mortgage in the coming weeks, you can be sure that your credit will be checked and re-checked — possibly monitored daily — to make certain no hints of new debts pop up before you close on the loan. [more]

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  • Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather than having negotiated a mutually agreeable resolution with their lender? [more]

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  • An ad for mortgage services

    Homebuyers are still largely ignorant about mortgages, according to a new survey by real estate website Zillow cited by CNNMoney.

    In a survey of over 1,000 current and prospective homeowners, respondents answered basic questions about terms, lender selection and financing wrong nearly one-third of the time. Roughly 31 percent of buyers don’t think it’s possible to get a mortgage for less than a 5 percent down payment; 34 percent don’t understand what an “annual percentage rate” is, and a quarter believe that one can only arrange financing with a lender that pre-approves one’s mortgage.  [more]

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  • Some sellers of New York City apartments are lining up mortgage lenders for potential buyers well before an offer is made, the New York Times reported.

    Sellers are securing financing for an eventual sale even before they put their condos or co-ops on the market, and later add language to the sales contract that requires buyers to, at the minimum, obtain preapproval from the seller’s preferred lender. [more]

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  • The number of mortgage applications for the week ending April 12, 2013, increased another 4.8 percent on a seasonally adjusted basis from one week earlier, the Mortgage Bankers Association announced today. On an unadjusted basis, the Index increased 5 percent compared with the previous week. [more]

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  • The number of mortgage applications for the week ending March 27, 2013  increased 7.7 percent on a seasonally adjusted basis from one week earlier, the Mortgage Bankers Association announced today. On an unadjusted basis, the Index increased 8 percent compared with the previous week. [more]

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  • The number of mortgage applications for the week ending March 20, 2013  decreased 7.1 percent percent on a seasonally adjusted basis from one week earlier, the Mortgage Bankers Association announced today. On an unadjusted basis, the Index decreased 7 percent compared with the previous week. [more]

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  • The number of mortgage applications for the week ending March 13, 2013  decreased 4.7 percent on a seasonally adjusted basis from one week earlier, the Mortgage Bankers Association announced today. On an unadjusted basis, the Index decreased 4 percent compared with the previous week. [more]

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  • The number of mortgage applications for the week ending March 6, 2013  increased 14.8 percent on a seasonally adjusted basis from one week earlier, the Mortgage Bankers Association announced today. On an unadjusted basis, the Index increased 15 percent compared with the previous week. [more]

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  • An ad for mortgage services

    Close to a third of mortgage shoppers are willing to pay a premium for superior customer service, a new survey examined by the New York Times shows.

    The survey—conducted by the Carlisle & Gallagher Consulting Group – was weighted towards the upper end of the market, and showed that although price was still the overwhelmingly most important factor in the mortgage-selection process, a certain segment of consumers would pay more for a less stressful application process.  [more]

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  • The number of mortgage applications for the week ending February 27, 2013 decreased 3.8 percent on a seasonally adjusted basis from one week earlier, the Mortgage Bankers Association announced today. … [more]

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  • The number of mortgage applications for the week ending February 15, 2013 decreased 1.7 percent on a seasonally adjusted basis from one week earlier, the Mortgage Bankers Association announced today. On an unadjusted basis, the Index decreased 1 percent compared with the previous week. The Refinance Index decreased 2 percent from the previous week. The seasonally adjusted Purchase Index decreased 2 percent from one week earlier, but unadjusted, the Purchase Index increased 3 percent compared with the previous week and was 17 percent higher than the same week one year ago. … [more]

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  • Mortgage applications down as rates climb

    February 13, 2013 11:00AM

    The number of mortgage applications for the week ending February 13, 2013 decreased 6.4 percent on a seasonally adjusted basis from the previous week, the Mortgage Bankers Association announced today. On an unadjusted basis, the Index decreased 5 percent compared with the previous week. The Refinance Index decreased 6 percent from the previous week. The seasonally adjusted Purchase Index decreased 10 percent from one week earlier, reaching its highest level since the week ending May 7, 2010. Unadjusted, the Purchase Index decreased 4 percent compared with the previous week and was 15 percent higher than the same week one year ago. … [more]

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  • The number of mortgage applications for the week ending February 1, 2013 increased 3.4 percent on a seasonally adjusted basis from the previous week, the Mortgage Bankers Association announced today. The Refinance Index increased 4 percent from the previous week. The seasonally adjusted Purchase Index increased 2 percent from one week earlier, reaching its highest level since the week ending May 7, 2010. Unadjusted, the Purchase Index increased 21 percent compared with the previous week and was 16 percent higher than the same week one year ago. … [more]

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  • The number of mortgage applications for the week ending January 18, 2013 increased 7 percent on a seasonally adjusted basis from the week ending January 11, 2013, the Mortgage Bankers Association announced today. The Refinance Index increased 8 percent from the previous week on a seasonally adjusted and unadjusted basis. The seasonally adjusted Purchase Index increased 13 percent from one week earlier to the highest level since April 2011. Unadjusted, the Purchase Index increased 3 percent to its highest level since May of 2010, immediately following the expiration of the homebuyer tax credit. … [more]

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