Mortgage Insights

Get the latest mortgage news and other insights into the home loan industry from the at Bank of Internet USA.

 

Low Mortgage Rates Means Long-Term, Fixed-Rate Loans are in Higher Demand

Nov 19, 2012 - Brand new and inexperienced buyers may start to enter the housing market thanks to the record lows of the mortgage rates reported at the end of September. Buyers that are going to be getting their first mortgages will most likely need some sort of guidance. Here are some tips for a obtaining a...

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Why Your Loan Modification Could Take Longer than Expected

Nov 19, 2012 - In October the closing rate for refinances passed the 50% mark. This is the first time this has happened since Ellie Mae started keeping track of the data in August of 2011. While this is a relatively short amount of time, this is still a very impressive feat. It may cause a longer wait for...

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Foreclosure Problems in Sight for States Affected By Hurricane Sandy

Nov 19, 2012 - Hurricane Sandy could cause a huge foreclosure problem for the already troubled states of New Jersey and New York. Foreclosures are known to drag on in these states as is.As a result of the storm, foreclosure activity has been stalled. But when this moratorium ends, foreclosure rates will more...

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Third Quarter Sees Decline in Mortgage Delinquencies and Foreclosures

Nov 19, 2012 - According to a report from the Mortgage Bankers Association, the level of both distressed properties and foreclosed homes declined during the third quarter. In total, residential delinquencies declined 7.4%, six percentage points lower than this time 2011 and 20 basis points below the second...

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Vornado Realty Benefits From Commercial Mortgage-Backed Securities Loan Refinancing

Nov 19, 2012 - Towards the end of 2012, the Federal Reserve put QE3 into action in order to hold off the rise of current mortgage rates. According to Federal Reserve chairman Ben Bernanke, the initiative has thus far been successful.This sector and mortgage rates are closely meshed and so the process of...

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