Saturday, October 18, 2014

Tomorrow’s Mortgage Space

What will next year's potential borrowers pursue? If this year's trend is any indication, jumbo mortgages will continue to be very popular in 2015.

"There is heavy competition between banks and mortgage bankers over jumbo loans," said Ruth Lee, executive vice president of sales, marketing and business development at Denver-based Titan Lenders Corp. "If we look at a $750,000 to $1 million loan amount, there is a significant amount of pent up demand. And the risk appetite is really conservative—no one wants to be on the bleeding of edge of how to finance jumbos."

Read more... http://nationalmortgageprofessional.com/news61698/tomorrow%E2%80%99s-mortgage-space-part-iii

Sunday, October 5, 2014

You Know It’s a Tough Market When Bernanke Can’t Refinance

Ben S. Bernanke said the mortgage market is so tight that even he is having a hard time refinancing his own home loan.

The former Federal Reserve chairman, speaking at a conference in Chicago yesterday, told moderator Mark Zandi of Moody's Analytics Inc. -- "just between the two of us" -- that "I recently tried to refinance my mortgage and I was unsuccessful in doing so."

Read more... http://mobile.bloomberg.com/news/2014-10-02/you-know-it-s-a-tough-market-when-ben-bernanke-can-t-refinance.html

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