Intense demand for U.S. real estate combined with a shortage of homes on the market have caused prices to soar over the past few years, helping to fuel an increase in the number of Americans who are dishonest on their mortgage applications.
Most people shopping for a home loan would prefer to avoid mountains of paperwork, and Fannie Mae has plans to bring the mortgage-application process into the digital age.
The economic fundamentals that fuel mortgage performance are at their healthiest levels in two decades, causing delinquency rates to fall nationwide, in the Golden State, and across the Bay Area.
In her latest analysis, Pacific Union Chief Economist Selma Hepp breaks down the Federal Reserve's decision to increase interest rates.
September 1, 2016 • Posted in Mortgage News
Bay Area home shoppers hoping to take advantage of today's historically low mortgage rates should ensure that their credit ratings are in fine shape, as lenders in our region require the highest scores in the country.
October 9, 2015 • Posted in Mortgage News
California homeowners are becoming equity-rich, and an increasing number of them are taking advantage of their property's increasing worth by opting for cash-out refinances.
May 29, 2015 • Posted in Mortgage News
The Mortgage Bankers Association says that relaxed government regulations, new offerings from federal loan programs, and new jumbo-loan options helped improve access to home loans in April, the sixth straight month of increased availability.
May 21, 2015 • Posted in Mortgage News
The U.S. mortgage-delinquency rate has dropped to its lowest level in nearly eight years, with the San Francisco metro area leading the charge.
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