Mortgage And Real Estate News

Wednesday, October 10, 2018

Need to boost your credit score for a better mortgage rate? Here's how one woman did it.

A good credit score can land you your dream home without a nightmare mortgage.

Generally, a higher credit score will earn you a lower interest rate with most lenders.

Tuesday, October 9, 2018

The Factors Impacting Jumbo and Conforming Mortgage Loans

A new analysis by CoreLogic shows that while contract rates for jumbo loans appear to be lower than conforming mortgage loans on an unadjusted basis, the gap between the two narrows considerably, when the loans are controlled for loan, borrower, and property characteristics.

Read more... http://themreport.com/daily-dose/10-08-2018/the-factors-impacting-jumbo-and-conforming-mortgage-loans

Once you hit this credit score, going higher is a 'waste of time,' expert says

A 56-year-old government employee from Cleveland named Tom Pavelka had the "highest credit score in America" in 2012, the Daily Mail reported at the time. His near-perfect 848 ranked "higher than 100 percent of U.S. consumers," according to a letter he received from a credit bureau.

JPMorgan Chase Plans 400 Layoffs in Mortgage Business


JPMorgan Chase is reportedly laying off approximately 400 employees in its residential mortgage business.

Read more... https://nationalmortgageprofessional.com/news/68757/jpmorgan-chase-plans-layoffs-mortgage-business

West Coast Inventory Levels Starting to Rise

The number of homes available for sale in major West Coast housing markets dramatically increased last month on an annualized basis after more than six years of a shrinking inventory, according to new data from Redfin.

Read more... https://nationalmortgageprofessional.com/news/68758/west-coast-inventory-levels-starting-rise

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