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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. 

 

Many states see improvement in local housing mar...

By: Equity National   October 1, 2014   No Tags   Closing

Many states see improvement in local housing mar...

The housing market's recovery has been uneven to say the least for much of the last year, and experts are repeatedly dour about the prospects for national improvement going forward. However, that does not mean that many housing markets are not perfectly healthy and continuing their recovery apace. The overall Multi-Indicator Market Index for the U.S. came in at a reading of 73.4 in July, according to the latest data from the government-sp...

Purchases remain quite popular in mortgage marke...

By: Equity National   September 30, 2014   No Tags   Closing

Purchases remain quite popular in mortgage marke...

The housing market has slowed down somewhat this year, due in large part to the fact that consumers' tastes seem to be shifting away from the refinances that dominated the post-recession years, and toward purchases. That trend held more or less steady in August – the latest month for which data was available – indicating little change on a monthly basis. For the month of August, purchases made up nearly 2 out of every 3 home loans closed b...

Millennials move to more expensive markets as ba...

By: Equity National   September 19, 2014   No Tags   Closing

Millennials move to more expensive markets as ba...

There have been many things that could be seen as part of the reason for lack of broad housing recovery in the last few years, and perhaps one of the biggest is the fact that young people, by and large, haven't been able to buy. But there may be a good explanation for that in some recent data, and altogether it could portend future positives for the market and economy overall. One of the reasons that many millennials haven't been able to get i...

Mortgage application volume rebounded last week

By: Equity National   September 18, 2014   No Tags   Closing

Mortgage application volume rebounded last week

In the first week of September, the total number of mortgage applications slumped very badly, and ended up bringing the volume across the sector down to levels not seen in years. Fortunately for the industry and the housing market as a whole, though, there was a big step in the right direction once again last week, potentially putting things back in the right direction for some time to come. In all, the number of new home loan requests filed i...

FHFA gets lots of resistance on proposed mortgag...

By: Equity National   September 16, 2014   No Tags   Closing

FHFA gets lots of resistance on proposed mortgag...

The federal government has tried to significantly increase regulation of the financial services industry in the past several years, and nowhere has this been more apparent than when it comes to mortgages. However, some efforts to increase controls on this aspect of the lending sector have occasionally hit a roadblock or two, and that certainly seems to have been what happened with a recent proposal from the Federal Housing Finance Agenc...

Mortgage rates rose very slightly this week

By: Equity National   September 12, 2014   No Tags   Closing

Mortgage rates rose very slightly this week

Mortgage rates have been hovering at or near their current level for a few months now, after starting the year slightly higher. And it seems that they were stubbornly stuck in place even this week, which could continue to give consumers more options for finding high affordability on their home loans. There was a slight uptick in average mortgage rates in the week ending Sept. 11, but the fact is that it won't be big enough to make mu...

Mortgage applications take another huge slide, d...

By: Equity National   September 11, 2014   No Tags   Closing

Mortgage applications take another huge slide, d...

Over the course of the past year or so, the number of mortgage applications being filed every week has slowly but surely trended downward, even despite a few outliers. That certainly continued this week thanks to a huge decline in request volume overall, driven by consumers growing far less interested in refinancing specifically. In all, the seasonally adjusted number of home loan requests filed nationwide fell 7.2 percent from the p...

Foreclosure completions, inventory continued to ...

By: Equity National   September 9, 2014   No Tags   Closing

Foreclosure completions, inventory continued to ...

One of the biggest problems for the housing market in the last several years has been that millions of Americans have slipped into dire financial straits – often through no fault of their own – and struggled to stay current on their mortgage payments. As a result, many have dealt with foreclosure since the recession began, but the number of those who are doing so currently continued to slide in July. Overall, the number of completed forecl...

HAMP continues to be a problem for many homeowne...

By: Equity National   September 8, 2014   No Tags   Closing

HAMP continues to be a problem for many homeowne...

Across the country, millions of Americans have taken the last few years to get caught up on their mortgage payments and reduce rates of delinquency and default in the housing market. However, many more say they're still struggling under the weight of home loan costs they can't afford, and that they haven't been able to receive some help from the federal government they might have otherwise expected. The Home Affordable Modification Program was...

Older Americans still struggling with significan...

By: Equity National   September 5, 2014   No Tags   Closing

Older Americans still struggling with significan...

Millions of Americans suffered at least some kind of financial hit when the economy took a nose dive several years ago, and while there has been recovery since that time, it seems to not have reached all aspects of consumers' financial lives. For instance, many people who had planned to be retired by this point are still in their jobs, simply because they still carry significant mortgage debts. The average home loan balance owed by h...

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