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Equity National Title is a company that's dedicated not only to awesome experiences and community involvement, but to education as well. We maintain this blog so that we can be a valuable resource to homeowners, lenders and realtors. 

 

Purchase originations expected to drive mortgage...

By: Equity National   October 22, 2014   No Tags   Closing

Purchase originations expected to drive mortgage...

For most of 2014, the focus in the mortgage industry has been on the fact that new home loans being issued to both shoppers and current owners has been trending downward for some time, largely due to rising mortgage rates and prices. However, it seems that next year will actually see improvement in origination numbers overall, as hopeful buyers come into the market more heavily than they did this year. In all, the total value of mortgage origi...

Refinance applications surge as rates dip again

By: Equity National   October 15, 2014   No Tags   Closing

Refinance applications surge as rates dip again

Mortgage application volumes, and particularly those for refinances, have taken a pretty significant hit over the last year or so, thanks in large part to rates that have hovered slightly above the record-low levels seen just a few years ago. However, recent declines in mortgage rates seem to be drawing more people back into the fold, and could serve as good news for origination levels going forward. In all, the total number of home loan ...

Which states’ residents have higher mortgage b...

By: Equity National   October 14, 2014   No Tags   Closing

Which states’ residents have higher mortgage b...

While there has been a lot of attention paid over the last several years to instances of delinquency, default, and foreclosure nationwide, the fact of the matter is that the vast majority of Americans have always been able to pay their mortgage bills on time and in full every month. But what's interesting about that is the fact that they continue to chip away at sizable balances overall. Of course, the size of those average balances can v...

Warren Buffett on getting a mortgage today: ‘I...

By: Equity National   October 8, 2014   No Tags   Closing

Warren Buffett on getting a mortgage today: ‘I...

The mortgage industry over the last several months has been weighed down somewhat by the fact that consumers just don't seem to be all that interested in getting into the market as rates and prices go up. However, experts have often pointed out that affordability today remains well above historical levels, and now one of the richest men in the world has added his voice to that chorus. Warren Buffett, the chairman of Berkshire Hathaway and bill...

Hispanic homeownership expected to boom in the c...

By: Equity National   October 7, 2014   No Tags   Closing

Hispanic homeownership expected to boom in the c...

The issue of getting people to take up the ideals of homeownership given the current lending environment has not always been easy for many lenders in the time since the recession ended. However, there could be good news in the offing as more Hispanic Americans start to focus on buying properties in the next several years, and beyond. Data shows that the number of Hispanic homeowners across the country has exploded over the last decade and a ha...

Mortgages getting older, delinquencies on the ri...

By: Equity National   October 7, 2014   No Tags   Closing

Mortgages getting older, delinquencies on the ri...

Millions of Americans may have wanted to get into the housing market over the last several years, but have had difficulty doing so because of lenders' origination standards. That, in turn, seems to have created a situation over the last several years that could leave those financial institutions in a tough spot down the road. The average age of a mortgage has been steadily rising since before the housing bubble burst nearly a decade ...

Can a new 15-year mortgage product help consumer...

By: Equity National   October 6, 2014   No Tags   Closing

Can a new 15-year mortgage product help consumer...

It's no secret to those in the industry that the mortgage market has really struggled over the course of the last year or so, and now experts are trying to find creative ways to kick start it once again. That might include lenders trying to find more ways to extend credit to would-be borrowers safely and responsibly, potentially through entirely new mortgage products. The housing market has long been relatively simple in terms of how mortgages...

Some lenders doing more to help slightly under-q...

By: Equity National   October 6, 2014   No Tags   Closing

Some lenders doing more to help slightly under-q...

When it comes to mortgage availability over the last few years, many experts have stated that there isn't a bigger problem in the housing market, at least in terms of what's holding back more significant home loan origination volumes. But because of that, and the way in which consumers' interest in applying for and obtaining such financing is declining, it seems that some lenders are doing more to reach out to people who might not be able to obta...

Conventional home loans remain popular with cons...

By: Equity National   October 2, 2014   No Tags   Closing

Conventional home loans remain popular with cons...

There has been a lot of bad news in the mortgage industry of late, and perhaps chief among them is the regular reports of declining affordability and originations. However, in the week ending Sept. 26, there was a bit of good news for a market that might need it. While the overall mortgage application volume seen across the country last week declined 0.2 percent from the previous seven-day period on a seasonally adjusted basis, there...

Student loan debt constraining broader housing r...

By: Equity National   October 2, 2014   No Tags   Closing

Student loan debt constraining broader housing r...

For years now, the rate at which student loan debt loads nationwide have been rising has drawn the ire of many financial experts. One of their biggest concerns was how these huge balances would end up affecting the people carrying them, as well as the recoveries in the the overall economy, and the housing market in particular. For instance, it seems that in an ideal scenario, there should be about 5.3 million transactions involving n...

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