How to Get the Best Appraisal and Who to Blame for a Low Valuation. Mortgage companies and mortgage bankers actually have nothing to do with the appraisal process. Appraisals are typically handled through the title company and appraisers are often selected from a network of appraisers with which the title company is affiliated. They’re an unaffiliated third party. Often times, there’s confusion because the homeowner is informed about the cost of the appraisal by the mortgage company/banker, when actually there is no mutually beneficial relationship.
Last week, the number of Americans applying for mortgages surged over the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
Last week, due to a huge drop in mortgage rates, the number of Americans applying for mortgages increased slightly over the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
Get ready for an early holiday present, dear consumers.
The National Association of Realtors announced today that existing home sales in October were down 3.1 percent as compared to September 2008.
On Tuesday, the Bush Administration laid out a plan to rescue struggling homeowners and put an end to the crippling housing market. The plan is based around the mortgages held by now government-run Fannie Mae and Freddie Mac. The details of the plan are as follows…
Today is Veterans Day and it’s a special time for the millions of American men and women who have served (or still serve) in the U.S. Military. One of the top military benefits is the VA loan and here is why.
With change on the horizon after last night's election, it's only natural to wonder what “change” will come to the mortgage market as a result. Furthermore, what change to mortgage interest rates have U.S. elections stirred up in the past? We always hear rumblings about mortgage interest rates dropping after an election, but is there any truth to it? Should you refinance now, or wait it out a couple months for rates to drop? In order to find out, some number crunching is in order.
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes in September rose 2.7 percent compared to August’s numbers.
The National Association of Realtors announced today that existing home sales in September increased 5.5 percent as compared to August 2008.