Refi Market Hasn’t Run Its Course
While mortgage refinancing has dropped off compared to the booming activity that lenders saw in 2020, industry figures say the sector has plenty of life left in it. Real estate data and technology company Black Knight estimated that the U.S. in May had more than 14...New Refi Options for Seniors, Low-Income Homeowners
Seniors trying to figure out how to cash in on their home equity without having to leave their houses now have another choice. So do low-income borrowers who’ve yet to refinance their government-owned loans. First, the new option for seniors. Typically, they tap into...
Refis Soared in 2020, But Can Boom Continue?
Banks have had plenty of challenges in 2020 including lower commercial loan demand, less net interest income in the ultra-low-rate environment, and higher credit costs as a result of the coronavirus pandemic. But if there has been one silver lining, it’s in the...
Fannie Doesn’t Shift on Appraiser Rules for Refis
New guidance from federal bank regulators and Fannie Mae includes no changes on a key issue bedeviling the state’s real estate appraisers and mortgage lenders. Industry standards for mortgages sold on the secondary market have effectively prevented any refinance...This Week’s Paper: Digital Edition
