Residential Lending

  • Fed seems poised for rate hike soon

    A Fed rate hike could come as soon as September. Prospective homebuyers may face slightly higher mortgage rates in the near future if the Fed’s recent positioning is any indication. August 29th, 2016 5:09am
  • Latest data shows Houston home prices reached record high in June

    The median home price in Houston rose in June. Single-family homes in Houston are getting more expensive, according to the Houston Association of Realtors’ July report. July 31st, 2016 4:59am
  • How to prepare your real estate business for a potential market slow

    Houston real estate is among the cheapest of all major U.S. cities, providing a great deal for searching buyers. Texas real estate has performed well month over month in 2015. November 13th, 2015 11:57am
  • Big mistakes homebuyers make: Part two

    Check out part two of Big mistakes many home buyers make. In part one, we discussed insurance updates, buying an appropriately home and the possibilities of renting. September 28th, 2015 6:56am
  • Loan modifications helping out homeowners

    More than 7 million people got their loans modified since 2007. HOPE NOW, an organization comprised of real estate professionals to help homeowners in distress, revealed in a new report that 7.02 million homeowners have had their loans modified since 2007. June 18th, 2014 6:27am
  • Wells Fargo easing lending standards

    Wells Fargo easing lending standards Mortgage providers have been extremely hesitant to lend to borrowers without perfect credit scores since the real estate bubble burst several years ago. February 18th, 2014 5:39am
  • Lending still remains tight in housing market

    Many would-be home buyers were unable to secure a mortgage in 2013. The housing market is blossoming in some areas of the country, with Dallas and Houston properties selling at unprecedented rates. December 24th, 2013 5:14am
  • Mortgage delinquency rates drop to five-year low

    The number of homeowners falling behind on their mortgage payments has declined nationally. National delinquency rates have fallen to their lowest level since 2008, signaling that homeowners are in stronger financial positions and are prioritizing their home loan payments, a new study indicates. November 13th, 2013 9:01am
  • Houston homeowners support certain government housing initiatives

    Many Houstonians are in favor of the mortgage interest deduction. When it comes to homeownership, local, state and federal laws can sweeten the deal or make it a burden. November 5th, 2012 11:04am
  • Tighter lending requirements leading to fewer first-time buyers

    Home loans have been tougher to obtain, which has eliminated many first-time homebuyers. According to a recent RISMedia report, the nation's tighter lending requirements are preventing first-time homebuyers from entering the market. August 15th, 2011 7:16am
  • Strategic defaults show slight increase during first quarter

    National strategic defaults were up during the first quarter of 2011. According to a report from credit bureau Experian, the number of strategic defaults increased slightly during the first quarter of 2011 after experiencing significant reduction recently. June 27th, 2011 3:00am
  • Many consumers lack mortgage knowledge

    Many prospective buyers aren't sure what many mortgage terms mean. While low mortgage rates have made Houston homes much more affordable in recent months, a report from Seattle-based Zillow finds many people looking to buy a home don't understand many basic mortgage questions. May 3rd, 2011 8:54am
  • Determining the damage from one missed payment

    Missing one mortgage payment can send a credit score tumbling. For those looking to buy a home, one of the most important things is having a strong credit score. However, just one missed mortgage payment can have a significant impact, the New York Times reports. April 26th, 2011 9:42am
  • Many reasons a mortgage application could be rejected

    More applicants are seeing their loans rejected. In the wake of the housing market crash, banks have been much tougher about who they give mortgages to, rejecting one out of every four applications. CNNMoney says there are a number of reasons a loan may be turned down. April 21st, 2011 6:33am
  • Mortgage buyers facing stiff competition

    Experts say cash buyers have a better chance of getting the home they want. In the current real estate market, MarketWatch reports buyers who need to take out a mortgage are actually at a significant disadvantage compared to people buying a home with cash. April 18th, 2011 10:59am
  • FHA taking criticism for extra interest payments

    Some of those with FHA mortgages are being forced to make interest payments even after their loan is closed. The Federal Housing Administration is taking criticism from some lawmakers for charging some homeowners for interest costs after they sell or refinance their homes. April 4th, 2011 9:39am
  • Proposed mortgage rules may have limited immediate effect

    New proposed rules may not significantly impact consumers for a few years. While new mortgage rules may make it much more difficult for consumers to qualify for a mortgage a few years down the line, analysts say its immediate effects for those looking at Houston homes will likely be limited. March 30th, 2011 10:35am
  • Tough mortgage requirement would stall housing recovery

    It may soon take a higher down payment to get a mortgage approved. As regulators discuss significant changes to the mortgage market, a recent report says making high down payment requirements part of the deal will lock out many people looking to buy Houston homes. March 8th, 2011 8:03am
  • New loan rules to promote 20 percent down payment

    Borrowers may soon need to put more money down up front. A number of media reports have said that new mortgage regulations, which are expected to be officially proposed soon by government regulators, may result in additional fees for borrowers who don't put 20 percent down. March 2nd, 2011 10:40am
  • Debate over loan limits won't affect Houston

    Part of the mortgage debate in Washington won't have any effect in Houston. As lawmakers in Washington, D.C. debate the future of Fannie Mae and Freddie Mac, some of the discussion has focused on the reduction of loan limits for government-backed loans. However, those changes won't affect the Houston real estate market. February 7th, 2011 10:39am
  • Realtors: Tight lending standards stopping 15 percent of sales

    Realtors say many creditworthy buyers are being turned away. As those looking to buy Houston homes have likely noticed, the process of getting a mortgage has become significantly more difficult over the past few years. Officials with the National Association of Realtors say lenders know they are turning away credit February 3rd, 2011 11:38am
  • Getting a mortgage may now cost more

    Loan applicants may be forking over more money to get a mortgage. While buying Houston homes remains very affordable, a new series of fees instituted by Fannie Mae may increase the cost of getting a mortgage for many people. January 27th, 2011 9:16am
  • Fixed-rate loans dominating market

    Economists say wary homebuyers are using fixed-rate loans to avoid interest rate increases. Even though adjustable-rate mortgages generally start with a lower interest rate than fixed-rate loans, a report from Freddie Mac shows that people looking to buy Houston homes are generally staying away from them. January 24th, 2011 7:22am
  • Mortgage rates continue to climb

    Mortgage rates are continuing to rise. Driven by a strengthening economic picture, mortgage rates rose sharply last week, according to a weekly survey by the Mortgage Bankers Association. December 16th, 2010 7:46am
  • Economists call for mortgage standards to loosen

    Mortgage lenders remain very restrictive in terms of mortgages. A number of economists say that while they can understand why banks tightened their lending standards following the housing crisis, lenders have now tightened their grip too much, and are restricting the flow of mortgages so much that it's holding back th December 15th, 2010 8:33am