H.R. 3706 - REALLY bad legislation

Oct 07, 2009

This new bill by Congressman Garrett and supported by Fed Chairman Bernake, requires 5% down on FHA loans and requires buyers to pay their own closing costs. This will DEVASTATE the already slow real state market. Please see this website and write Cong. Garrett to stop this bill! http://www.opencongress.org/bill/111-h3706/show

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James Barnes

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Oct 07, 2009

Courts

LoanSnap Officially Loses Connecticut License

The AI mortgage startup formerly faced a cease and desist and a consent order from the State of Connecticut.

LoanSnap, Inc., an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to a new Consent Order executed by the State's Banking Commissioner, Jorge Perez, on Oct. 2. The news follows LoanSnap's violation of a previous order, enacted in...

Analysis and Data

Mortgage Applications Fall After Rate-Jump

Refinance applications still 159% higher on an annual basis, reflecting last year's record lows

In the wake of a positive jobs report and subsequent rise in mortgage rates, more prospective borrowers held back this past week. Mortgage applications fell by 5.1% the week ending October 4, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applicati...