Mortgage Coach launches newest version of mortgage planning software

Jan 08, 2007

Chase expands availability of stated-income equity lines and loansMortgagePress.comStated-income mortgages,home equity Chase has expanded the availability of stated-income home equity lines and loans, giving brokers and correspondents a broader range of home equity options to offer their customers. Most significantly, Chase has increased to $500,000 from $300,000 the maximum loan amount for stated-income programs for borrowers who meet combined loan-to-value, debt-to-income ratio, FICO score and asset-verification requirements. The company has also added second homes to the stated-income program and expanded it to include borrowers with FICO scores of 680 and higher. New York-based Chase is a home equity lender and subsidiary of JPMorgan Chase. For more information, visit www.chaseb2b.com.

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Jan 08, 2007

Analysis and Data

Monthly, Yearly Jump In New Home Sales In March

The growth coincides with roughly a quarter of builders saying they cut prices last month.

Sales of newly built, single-family homes in March jumped 8.8% month-over-month, reaching a seasonally adjusted annual rate of 693,000 units compared to February's revised 637,000 units, according to data released jointly today by the U.S. Census Bureau and the Department of...

Analysis and Data

Home Price Growth Expected To Remain Stagnant

Redfin Home Price Index shows 0.6% growth month-over-month

Redfin’s latest Home Price Index (HPI) echoed the findings of other HPIs reflecting quarter-one data, with prices remaining on a slight incline across the U.S. Home prices climbed 0.6% nationally in March on a seasonally-adjusted basis, matching February’s 0.6% month-over...