Interthinx provides name-matching technology – NMP Skip to main content

Interthinx provides name-matching technology

National Mortgage Professional
Aug 10, 2008

Bankrate.com study: NY, TX and FL top the nation in closing costsMortgagePress.comBankrate.com, closing sosts, GFEs A new study released by Bankrate, Inc. shows that the cost of getting a mortgage continues to rise despie a soft housing market. The 2007 average closing cost of $2,736 has gone up to an average of $3,118 in 2008, a 14 percent increase. In the study's geographical breakdown, New York City leads the nation at an average fee of $4,016, with Texas, Buffalo, Miami and Oklahoma rounding out the top five. North Carolina is the least expensive area with an average fee of $2,650, replacing Indiana (now #45 with an average fee of $2,878) at the bottom of the list. To view the complete study and analysis of the data, as well as tips on what to look for in closing costs when getting a mortgage, click here. "Often times, consumers forget about the added fees involved in buying a home," said Holden Lewis, senior reporter with Bankrate.com. "Closing costs can be extremely expensive if not researched thoroughly. Keeping closing costs at a minimum can make a big difference to homebuyers during difficult economic times." Bankrate's Closing Cost study was conducted in June and July of 2008 by obtaining four to nine good faith estimates (GFEs) from the Web sites of online lenders. Researchers picked a ZIP code in some of the largest cities in each state and requested information on the closing costs for at $200,000 loan. They requested fees on a 30-year, fixed-rate mortgage for a borrower with a 20 percent down payment and good credit to buy a single-family house. Bankrates survey includes lenders' origination fees and title and settlement fees, and not taxes or prepaid items. For more information, visit www.bankrate.com.
Published
Aug 10, 2008
More from
Tech
Freddie Mac Announces Automation Of Key Underwriting Criteria

GSE says verification of assets, income, and employment increases efficiency and reduces risk

Regulation and Compliance
May 27, 2022
Metaverse & Blockchain Are Hottest Emerging Trends In Real Estate

In 2021, over $31 billion was invested in real estate technology companies.

Tech
May 25, 2022
Openn Launches Pilot with bridgeMLS For Sales In California

Agents in Northern California, Bay Area will be able to list property and accept offers using the platform. 

Tech
May 24, 2022
All-Cash Offer Fintech Ribbon Expands Into Arkansas

Crye-Leike real estate agency to serve as first partner in the state.

Industry News
May 23, 2022
FirstClose Receives $35M Investment From Lateral

Fintech says it will use the investment to expand its growing financial services footprint.

Industry News
May 18, 2022
Zillow Group Bids Fond Farewell To iBuying

Reports solid 1Q 2022 earnings in part from selling off all but 100 homes left from Zillow Offers unit.

Industry News
May 05, 2022