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ARMs race: adjustable-rate mortgages make a comeback

Housing Wire

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years. The mortgage industry is different from 14 years ago. in 2005, the MBA said.

Mortgage 349
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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

In 2008, Congress passed the Housing and Economic Reform Act. Consequently, probabilities suggest that a majority of mortgage underwriters are also from urban/suburban areas. I refer to this approach as high-level bracketing. To understand the discussions, it’s important to review a little bit of the history. of the U.S.

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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

In 2008, Congress passed the Housing and Economic Reform Act. Consequently, probabilities suggest that a majority of mortgage underwriters are also from urban/suburban areas. I refer to this approach as high-level bracketing. To understand the discussions, it’s important to review a little bit of the history. of the U.S.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. Remember: real estate is hyper-local!