“The main lesson of this survey for consumers is to shop around for at least three different estimates,” Greg [...]
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Many borrowers can’t take advantage of today’s historically low mortgage rates because of strict underwriting requirements. “We’re providing a financial boost to individuals and families while increasing home ownership opportunities and the overall strength and vitality of Denver neighborhoods,” Mayor Michael B. [...] “Ten years ago, even a small decline in the mortgage rate would have produced quite a bit of new refinance and sales activity,” Ryan [...] “This is a Band-Aid for a gaping wound,” Brown said. [...] “It will keep mortgage rates low,” Terry [...] “The message is clear – regulators should go back to the drawing board on the proposed QRM rule. Regulators should focus on good underwriting features, as outlined in the original statute, which are proven to reduce defaults,” Glen [...] “People like us that want to build these types of homes – we’re basically at the mercy of the mortgage companies,” Wayne [...] |
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