HELOC

Folks Fear Laxed Standards Could Repeat the Bubble-Era Madness

Today’s News Synopsis: Could HELOC’s threaten homeowners and the economy?  If you want a better chance of getting that house, there are actually 7 instances where you want to offer over the asking price.  Household income rose for everyone….expect the lowest income earners. In The News: Realtor.com – “7 Times to Offer Over Asking Price on …

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Fed to Raise Rates Next Week After Much Discussion

Sources: Total Mortgage Debt Climbs in Q3 CoreLogic US Home Price Report Shows Prices Up 6.7 Percent in October 2016 Independent Mortgage Bank Volumes Up, Production Profits Stable in 3rd Quarter 2016 Mortgage Rates Hit New 2016 High U.S. Home Flipping Activity Decreases in Q3 2016 After Hitting Six-Year High in Previous Quarter Ben Carson …

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Trulia Reports 14% Increase in Foreign Investors Wanting to Buy in U.S.

Today’s News Synopsis: The latest date from Black Knight Financial Services showed delinquency rates for HELOCs increased drastically in two of the past six months, one being the biggest increase in 4 years.  The latest survey from the Federal Reserve Bank of New York showed more people prefer to buy a home as opposed to …

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GOBankingRates.com Releases List of States with Best Credit Scores

Today’s News Synopsis:   Janet Yellen of the Federal Reserve spoke today to the Economic Club of New York warning people to take extra precautions with the increasing rates.  GOBankingRates.com released their own list of states with the best credit scores.  Credit Suisse required to pay $29 million to cover costs of bad mortgage bonds. …

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Five Cities Could Potentially Be in Housing Bubble; Riverside Included

Today’s News Synopsis:   Due to overvalued stock and drastically increasing home prices in certain cities, there is a possibility these cities may be in a housing bubble: Reno, Nevada, Bend, Oregon, Boise, Idaho, Austin Texas, and Riverside, California.  Existing-home sales increased by 0.4% to 5.47 million, their highest in nine years.  Bank of America …

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