Foreclosure activity is back to “normal” across much of the nation. Low mortgage interest rates, which were ironically a result of the market crash, likely also play a part in the good health of today’s Real Estate market. First quarter foreclosure activity was below pre-recession levels in 78 out of 216 U.S. metropolitan statistical areas… Read More
Eighty-six percent of the typical bank’s mortgage loans made last year were “qualified mortgages,” according to the American Bankers Association’s 23rd annual Real Estate Lending Survey. Despite an increase in non-QM lending, the survey results revealed that 72 percent of respondents expect the Consumer Financial Protection Bureau’s mortgage lending rules will continue to cause a… Read More
