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MBA: Housing market has 'shifted into high gear'...

By: Equity National   July 28, 2015   No Tags   Closing, Title

MBA: Housing market has 'shifted into high gear'...

The Mortgage Bankers Association has significantly hiked up its mortgage forecasts for this year after a strong spring buying season.  In 2014, total originations reached $1.12 trillion, according to a press release on the increased projections. The trade group estimates that figure will jump 23 percent to $1.35 trillion in 2015 and then likely fall to $1.26 trillion in 2016. Previously, the forecast for 2015 had been a 14 perce...
Most complaints to CFPB about mortgages [Video]

By: Equity National   July 27, 2015   No Tags   Closing, Escrow

Most complaints to CFPB about mortgages [Video]

A recent report indicates that the biggest financial problem people have these days is paying off their mortgages.  The California Public Interest Research Group — Education Fund, after studying the Consumer Financial Protection Bureau's public complaint database, found that the most common sort of issue within the archive was mortgage complaints. The agency began accepting complaints in July 2011, and started hearing mortgage...
Millions of borrowers can save through refinanci...

By: Equity National   July 20, 2015   No Tags   Closing, Title

Millions of borrowers can save through refinanci...

Around 6.5 million mortgage borrowers are eligible for, and could benefit from, refinancing options for their home loans.  Black Knight Financial Services’ “Mortgage Monitor Report” found that substantial savings wait for borrowers who alter their home loans through refinancing options. The financial services firm took a look at 30-year mortgages as well as current underwriting criteria to determine how many people wo...
What do home-buyers complain about the most?

By: Equity National   June 24, 2015   No Tags   Closing, Escrow

What do home-buyers complain about the most?

It isn’t uncommon for people to run into problems during the home-buying process. It can certainly get confusing, and some lenders simply don’t provide the sort of assistance necessary for people to go from mortgage application to closing without a hitch. The first step to eliminating these issues for borrowers, is to understand what they are.   The Consumer Financial Protection Bureau broke down complaints it received in 20...
Is your website making a good first impression? ...

By: Equity National   June 17, 2015   No Tags   Closing, Title

Is your website making a good first impression? ...

Buying a home isn’t an easy decision, and for many people, their first bits of information on the process come from Internet searches. The search for a home has gone digital, and housing professionals who don’t keep their websites up-to-date could be left behind by those that do put an effort into maintaining a responsive and informative online presence. That’s because 90 percent of all home buyers begin their searches with an ...
Some borrowers lying on mortgage applications [V...

By: Equity National   June 15, 2015   No Tags   Closing

Some borrowers lying on mortgage applications [V...

Owner-occupied loans are a better deal than investment property loans, which is one reason why many borrowers lie on their mortgage applications to get a better deal.  On their mortgage applications, home buyers are required to indicate whether they are borrowing for a primary residence, secondary residence or an investment property. The act of misrepresenting the sort of residence a mortgage is intended for is called “occupancy fr...
Freddie Mac: Still weak housing market continues...

By: Equity National   June 1, 2015   No Tags   Closing, Escrow, Title

Freddie Mac: Still weak housing market continues...

Though recent statistics from one government-sponsored enterprise indicate a relatively weak housing market, a deeper look into the numbers shows increasing stability through the months and years.  The Multi-Indicator Market Index, or MiMi, is a measure used by Freddie Mac to determine the stability of both the national housing market as well as that of metro areas. The national MiMi value was assessed as 75.4, a figur...
Millennials not pleased with housing options [Vi...

By: Equity National   May 22, 2015   No Tags   Closing, Title

Millennials not pleased with housing options [Vi...

The majority of millennials are still renting, but not because many of them want to. Some of these young potential homebuyers just aren’t happy with the options available to them. A report released by the Urban Land Institute, called “America in 2015,” attempted to illustrate various age groups’ satisfaction with their communities and housing options. The goal was to measure quality of life for Americans of various background...
Job postings indicate mortgage comparison tool f...

By: Equity National   March 4, 2015   No Tags   Closing

Job postings indicate mortgage comparison tool f...

Google has been helping people find things for a long time now. In fact, the search engine is so much so the go-to source for questions that its name is basically a verb. So, it’s no surprise the company has taken an all-in approach to helping people find homes now.  In 2012, Google launched a mortgage, auto insurance, credit card and travel comparison tool - aptly named Compare - in the U.K. A similar version also exists...
The habits of successful business relationship b...

By: Equity National   February 26, 2015   No Tags   Closing

The habits of successful business relationship b...

Building strong relationships in business requires an engrained set of habits that work to endear you to peers and customers, and leave them wanting to continue working with you. It will be tough to maintain your success without working on your relationships. You will interact with co-workers, customers and peers in the industry on a regular basis – and if you don’t exhibit the kind of habits that typify strong relationship builders, ...

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