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[7 Jan 2012 | One Comment | 1,640 views]
Looking back on 2011

In hindsight, it’s clear that 2011 was decidedly mixed in terms of housing markets around the nation.
Freddie Mac – the government sponsored lending giant – projected that lenders would write $1.8 trillion in home loans last year. The group revised that estimate downward to $1 trillion partway through the year and lenders ultimately wrote $1.3 trillion in home loans in 2011.
That’s down 23.53 percent from $1.7 trillion in 2010 and down 60.61 percent from $3.3 trillion when housing markets peaked in 2005. Furthermore, the better-than-expected results had a lot to …

Business, Columns and other comments, Features and such, News, Real Estate »

[20 Nov 2011 | One Comment | 2,176 views]
Worried about mortgage payment? Go local.

TransUnion released a report stating the mortgage delinquency rate for the third quarter has risen for the first time since the last quarter of 2009.
The credit bureau had initially forecast a decline in the delinquency rate. The national delinquency rate – which serves as a snapshot of how many people were 60 days or more behind on their mortgage payments – was 5.88 percent in the third quarter. For the record, Arkansas fared better than the national average at 3.62 percent.
Believe it or not, the ramifications of the so-called subprime …

Business, News, Real Estate »

[16 Nov 2010 | One Comment | 2,211 views]
Economic outlook for 2011? Coming right up!

The national Mortgage Bankers Association’s economic outlook for 2011 isn’t exactly rosy, but the group does expect to see an increase in homes sales next year.
The association expects to see mortgage originations fall from an estimated $1.4 trillion this year to slightly under $1 trillion next year. The drop will be driven by a decline in the number of people wanting to refinance mortgages, the association said in a news release.
Specifically, the association expects to see mortgages for home purchases increase slightly next year and then enter into a recovery …

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[22 Aug 2010 | No Comment | 1,076 views]
I’ve chosen my lender, so what’s next?

One of the major steps in purchasing a home, of course, is finding a lender.
While some people are in a position to buy homes outright, most buyers will have to finance their homes. Many buyers start hunting for homes by finding houses in price ranges they believe they can afford then finding lenders – and mortgage packages – that fit their needs.
Once the financing is squared away and a buyer knows which price range to shop in, the next step is to figure out how to find that ideal house …