Category: Mortgage

FHA Hike Triggers Home Buyers Surge

By Mike Colpitts A surge in home buying activity is expected to develop as a result of the Federal Housing Administration’s announcement that it will increase charges to home buyers for upfront mortgage fees. The cost of mortgage insurance premiums will rise by 75 basis points April 1st. The increase translates to $750 for every… Continue reading FHA Hike Triggers Home Buyers Surge

Making Money in Real Estate

By Kevin Chiu Real estate has long been the preferred method of safe investing for reliable returns on investors’ money backed by a tangible asset. Not all real estate investing is low risk or will automatically yield high returns as many investors learned during the real estate bubble. But making money in real estate has… Continue reading Making Money in Real Estate

Tight Rental Market Squeezes Tenants

By Mike Colpitts A lack of rental housing for the first time in years in the multi-family residential market is sending the rental market into a recovery. Vacancy rates fell to the lowest level in 2010 in more than four years as a leading rental advisory firm forecasts higher rents in 2011. Witten Advisors, a… Continue reading Tight Rental Market Squeezes Tenants

Mortgage Hiring Frenzy Expected

By Mike Colpitts New government imposed regulations in the mortgage industry are expected to drive a hiring frenzy of mortgage professionals even after the industry lost more than 10,000 jobs in February, according to the Labor Department. Demand for new regulatory compliance analysts, accountants, internal auditors and financial analysts is expected to drive the hiring… Continue reading Mortgage Hiring Frenzy Expected

New Normal in Real Estate Arrives

By Kevin Chiu Like a delivery truck motoring up the driveway the “New Normal” in real estate has arrived packaged as a surprise. You can let it get you down, or make sure that you protect yourself and your family from the financial hand-cuffs that the New Normal may deliver. Real estate economists and analysts… Continue reading New Normal in Real Estate Arrives

Baby Boomers Help Kids Buy Homes

By Kiesha Joseph Baby Boomers, the generation of Americans who are now between 45 and 66, are excited to be helping their children purchase homes. Born between 1946 and 1965, boomers have been a driving force in the U.S. economy for more than 30 years. Boomers are using what they’ve earned over the years to… Continue reading Baby Boomers Help Kids Buy Homes

Drop in Mortgage Rates Felt

By Mike Colpitts Rates on fixed rate home loans dropped this week, falling to near record lows again for 30-year and 15-year mortgages, but budged higher on adjustable rate loans, according to Freddie Mac. The drop on fixed rate loans sends mortgage rates to near all-time record lows, hitting 3.90% just three basis points off… Continue reading Drop in Mortgage Rates Felt

Mortgage Interest Rates Barely Budge Amid Middle East Uprisings

By Kevin Chiu Mortgage rates barely budged rising a single basis point to 4.87% on a fixed rate 30-year mortgage as uprisings in the Middle East disrupted financial markets, but did little to move rates this week, according to Freddie Mac. Concerns over Middle East uprisings, especially in Libya and growing tensions in Saudi Arabia… Continue reading Mortgage Interest Rates Barely Budge Amid Middle East Uprisings

Mortgage Company President First Sentenced in Financial Crisis

By Mike Colpitts More than three years after the financial crisis erupted on Wall Street, a New Jersey based mortgage company president is the first person to be sentenced to federal prison in the government’s efforts targeting criminals in the financial crisis. The sentence was imposed as a result of a major conspiracy to defraud… Continue reading Mortgage Company President First Sentenced in Financial Crisis