Anybody that’s applied for a mortgage in America during the last 5 years knows how difficult the process has become. Mortgage lenders have tightened loan requirements to the point that even people with good income and credit can’t get a loan. Read More
During the financial and housing crisis that gave birth to the so-called “great recession,” millions of homeowners found themselves underwater on their mortgages. Many more lost their homes to foreclosure, had to declare bankruptcy, or both. Read More
For the week ending October 10, 2014 mortgage applications increased 5.6 percent from a week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Read More
The housing recovery has been struggling lately. Mortgage lending just endured it’s worst month in 14 years and analysts are projecting un unprecedented “triple-dip” in home prices. Household income has continued to decline and wage grown has remained poor for years. Read More
Further improving on previous gains, the Thompson Reuters/ University of Michigan Consumer Sentiment Index ends the month at 84.6, up from 82.5 last month. Current levels mean that consumer confidence is closing out September at it’s highest level in over a year. Read More
