Bank Mortgage Lending Policies Appear To be Easing

By Cheryl Bower | August 29, 2010

According to the Federal Reserve’s quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It’s a huge departure from just 2 years ago when the mortgage industry was facing its first wave of challenges.

Related posts:

  1. Mortgage Lending Starts To Show Signs Of A Thaw
  2. 1 In 8 Banks Tightened Prime Mortgage Standards Last Quarter
  3. Mortgage Approvals Are Getting More And More Scarce
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A Lender’s Perspective: How does the Homeowners Insurance Agent fit in during a Home Purchase?

By Cheryl Bower | August 25, 2010

In the case of a home purchase, the mortgage lender cannot do his job unless homeowners insurance is provided. And a good insurance agent is very important to make sure the client has the correct and adequate insurance coverage. How is the right coverage amount determined and how does the mortgage lender and […]

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  1. What should I expect from my insurance agent/agency when I buy a new home?
  2. Do Your Own Research And Your Appraisal Process Can Be Worry-Free
  3. The Difference Between Private Mortgage Insurance And Homeowners Insurance
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What’s Ahead For Mortgage Rates This Week : August 23, 2010

By Cheryl Bower | August 23, 2010

This week, it’s unlikely that the Refi Boom will meet its end, but that doesn’t mean you should wait for rates to fall further. Mortgage rates tend to change quickly and without notice, and should rates rise, you may find that you’ve missed the market bottom.

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  1. What’s Ahead For Mortgage Rates This Week : August 2, 2010
  2. What’s Ahead For Mortgage Rates This Week : August 9, 2010
  3. What’s Ahead For Mortgage Rates This Week : August 16, 2010
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Nervous About Mortgage Rates Rising? Lock Thursday — Ahead Of Friday’s Jobs Report

By Cheryl Bower | August 5, 2010

Analysts expect that a net 65,000 jobs were lost in July. Wall Street — and Main Street — have a big interest in those results.

Friday’s July Jobs Report Could Spur Mortgage Rates Higher

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  1. Tying Friday’s Jobs Report To Rising Mortgage Rates
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  3. The January 2010 Jobs Report May Lead Mortgage Rates And Home Prices Higher
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Eight Quick Tips for Living Green

By Cheryl Bower | July 20, 2010

Today, living green isn’t just a lifestyle choice; it makes solid financial sense. As home energy costs increase, homeowners are seeking simple and smart ways to save energy and consequently save money, too. Trying to create a more environmentally sound household doesn’t have to start with taking out a massive loan in order to […]

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  1. Top Green Gardening Tips
  2. San Francisco Homeowners Have New Way to Pay for Going Green
  3. The Cost of Living Index Increases; Mortgage Rates Increase, Too.
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The Fed’s June Minutes Keep Mortgage Rates In Rally-Mode

By Cheryl Bower | July 16, 2010

At 7,333 words, the June Fed Minutes is the unabridged version of the more well-known, post-meeting press release. The corresponding press release was just 360 words. It turns out, the Fed’s words are doing wonders for mortgage rates.

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  1. The Fed’s April Minutes Push Mortgage Rates Even Lower
  2. How The “Fed Minutes” Can Change Mortgage Rates And Home Affordability
  3. Mortgage Rates Spike On The Federal Reserve’s January 2010 Meeting Minutes
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Mandatory Loan Fees Keep Borrowers From Getting Their Absolute Lowest Rate

By Cheryl Bower | July 14, 2010

Conforming mortgage rates may be posting all-time lows this week, but that doesn’t mean you’ll be eligible for them. You may have already called your loan officer and found this out the hard way. It’s because of a federally-mandated mortgage-pricing scheme known as “loan-level pricing adjustments”.

Related posts:

  1. Fannie Mae Increases Its Mandatory Loan Fees For All Borrowers
  2. Mandatory FHA Loan Fees Increase For Some, Fall For Others
  3. Mortgage Rates Fell But You May Have A Higher Rate To Pay
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