The long-term fixed rates on mortgages spiked in the last week of June along with bond yields. If we look at the facts, it’s been 30 years since the last largest weekly increase in the fixed-rate mortgage since 17th April 1987. Surprisingly, the 30-year fixed-rate
The housing market in the state of Texas is doing amazingly well at this point of the year with national builders re-entering the market to establish and build new homes. The Dallas Ft. Worth area is being considered as the gold mine for these builders. The
The revision and improvements in the disclosure form requirements has given the opportunity to moneylenders for improving mortgage-closing process. The proposal from Consumer Financial Protection Bureau in this regard also contains a provision wherein the delivery of this new Closing Disclosure has to be done
With reference to the latest reports from HUD and the U.S. Census Bureau, it has been noted that a rise of 2.3% in sales of single-family homes has occurred. The sales numbers are higher than the previous month and show a significant progress. The sales prices
As part of the National Mortgage Settlement, the largest mortgage servicers of the country have paid $50.63 billion to over 6,20,000 homeowners. In order to concentrate on the issues of mortgage loan servicing and foreclosure abuses, the Department of Justice, U.S., Department of Housing Urban
The growing number of mortgages and loan modifications has increased the urgency for a faster approval process by taking it entirely online. A tax return transcript is the dire need of every mortgage origination and loan modification. The 4506-T forms are the only documents in
The Internet is growing like a forest fire since its inception and this has opened doors for criminal activities, frauds, scams, etc. The tax frauds and scams are no exception for cyber fraudsters. While it is suggested that you must report a scam directly to
Last year, the American housing market saw historically low mortgage rates and it was seen that homeowners paid approximately 37% less per month in the fourth quarter of 2012, even though homes cost about 14.5% more. Zillow conducted a study of current and historic median
Criminal and employment background checks are conducted in order to make the right choices while hiring new people. But as with any technology, there are individuals and organizations who abuse it for their own advantage. According to a recent news, the Equal Employment Opportunity Commission
The National Association of Home Builders (NAHB) appreciated “the bipartisan Senate sponsors of legislation to advance comprehensive immigration reform” and suggested an improvement to the guest worker provisions which could be an answer to the current labor issues in the nation. Foreign workers have always