FHA is back in the black, but don’t hold your breath for premium rollbacks

The Federal Housing Administration’s mutual mortgage insurance fund is unlikely to need another taxpayer bailout, but that doesn’t mean homebuyers looking to finance purchases with an FHA-backed home loan will get a break on their premiums anytime soon. To make …

Think the Fed is standing pat? Think again

Mortgage rates have been stable near 4 percent, held there by the 10-year T-note moving hardly at all in the last month, 2.31 percent-2.38 percent since Halloween. Such stability is most unusual, best understood as a market gathering tension for …

NAR’s candidates won big in the elections. That doesn’t mean Realtors will get their way.

With a little help from the National Association of Realtors, Republicans regained control of the Senate and increased their majority in the House of Representatives in last week’s elections. But Realtors attending the trade group’s annual convention were told not …

Regulators promise thaw in mortgage credit underway

Regulators who oversee Fannie Mae, Freddie Mac and the Federal Housing Administration are telling mortgage lenders that they’re ready to cut them some slack, and mortgage lenders say they’re ready to run with the ball. Speaking at the Mortgage Bankers …

Mortgage lending startup gets $1.5M boost from investors

Mortgage lending startup Lenda has raised $1.54 million in seed funding the company says it will use to expand into new markets. The San Francisco-based firm launched a platform in July to allow borrowers to complete the home loan process online …

Big real estate brokerage rolls out its own mortgage app

Howard Hanna Real Estate Services’ mortgage division has rolled out a free consumer mobile app for Android and Apple smartphones that facilitates a connection between the real estate brokerage’s clients and its mortgage company’s loan officers. Consumers access the “Hanna Mortgage …

The real reason home sales have softened

The bulk of last year’s home price rise (except in strong local economies, like mine) was due to a rebound in overly discounted prices, and now we are reverting to nonrecovery. We might get a housing recovery going if we backed off Dodd-Frank and Consumer Financial Protection Bureau hysteria, but that’s not enough. …

Time to redesign our system of mortgage lending

Long-term rates have stabilized, mortgages just under 4.5 percent, but markets are rattled and it’s hard to tell exactly who or what is doing the shaking. The Fed has everybody uneasy, simultaneously saying it may raise the cost of money …

Over 300 real estate blogging and video ideas to last the rest of your career

Writing is a passion for me, but, as a novelist, my blogging seems to have taken a back seat. A friend and I have been meeting to discuss how we’re going to get back to blogging and doing videos regularly …

Good news about the economy is bad news for mortgage rates

In the backwards world of bonds and mortgages, in which good news is bad, good news pushed up long-term rates this week. U.S. data may encourage the Fed to accelerate the end of ZIRP (zero interest rate policy) at its …