President Barack Obama announced that the Federal Housing Administration will cut fees on the mortgages it insures in order to make buying a home less expensive. The annual premium charged… Read More »
Federal bank regulators have proposed regulations that would require automatic escrowing of the premium payments on flood insurance policies. Federally regulated mortgage lenders are already required to make sure borrowers… Read More »
Some industry analysts are pessimistic about the outlook for the housing market; others are uncertain. Pat Stone, President and CEO of Williston Financial Group (WFG National Title’s parent company) is… Read More »
Conventional wisdom holds that low-down payment mortgages approved for borrowers who really couldn’t afford home ownership costs, and who ultimately defaulted on their loans, contributed much to the implosion of… Read More »
Many prospective homebuyers assume they won’t be able to obtain a home mortgage and so aren’t even attempting to purchase homes as a result. Although nearly one-third of the consumers… Read More »
What’s worse than a trip to the dentist? Spending time with a financial adviser, according to respondents to a recent survey, 17 percent of whom said that given the choice,… Read More »
Some industry analysts are pessimistic about the outlook for the housing market; others are uncertain. Pat Stone, President and CEO of Williston Financial Group (WFG National Title’s parent company) is… Read More »
To: Settlement Agents Bank of America continues to prepare for the Consumer Financial Protection Bureau’s (CFPB) Integrated Mortgage Disclosures rule under the Real Estate Settlement Procedures Act (Regulation X) and… Read More »
The escrow process can seem a bit foreign to many home buyers, especially if they are first-timers. Here’s a quick and easy explanation that lays out the nuts and bolts.*… Read More »
According to a recent study, the number of first-time buyers has hit an almost 30-year low in the US. Traditionally hovering at around 40% of the market, this year’s number… Read More »