The CoreLogic Loan Performance Insights Report analyzes mortgage performance for all home loans. Based on this report, the serious delinquency rate for September 2018 was 1.5 percent, representing a 0.4 percentage point decline compared with September 2017. Declining unemployment rates and rising home prices have helped to reduce this delinquency rate. This blog explores trends […]
Like always, we are seeing constant changes in our world of real estate. Whether it be lending, buying, renting, investing, flipping etc., there will always be something changing (sometimes for the better, and sometimes for worse). I wanted to touch on different topics this month that may apply to any given person. Here are three […]
As an investor I like to buy houses for the investment, but the truth is, my real love is technology. I’m amazed at how far the technology has come in cars for example from a horse and buggy to the fully electric Tesla; a lot about cars has changed. For those who grew up in […]
Just before Christmas, Congress passed and the President signed a year-end omnibus budget bill thatincluded over $1 trillion and new spending as well as over $600 billion in tax cuts. Included in those tax cuts was an extension of a tax-break for homeowners relieving them of paying income tax on thedifference between what they owe […]
Mortgage News Today!
Andrew Augustyniak, Peoples Mortgage Co.
There were a few changes made in relation to QM (Qualified Mortgage) that were implemented in the beginning of January that may affect borrowers. What is Qualified Mortgage? Basically it is a new set of regulations to protect the borrower and make sure that they can afford to […]