After reports of increased credit availability and continued low interest rates, mortgage application unsurprisingly, moved up in the latest Mortgage Bankers Association (MBA) weekly survey. According to an Aug. 31 press release, the MBA’s Market Composite Index increased 2.8 percent on a seasonally adjusted basis from one week earlier. This index is a measure of mortgage loan application volume and is published weekly by the MBA.
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As rental rates continue to climb across the nation, more and more savvy home buyers are jumping into the rental property market. If you’re one of the many Americans who are considering becoming a landlord this year, you may be wondering where the best places to invest may be. And you may also be wondering how to determine whether or not a particular place is a “good rental market.” Fortunately, the financial pros at Bankrate.com spent a lot of time comparing and contrasting some of the country’s biggest metro areas and came up with a list of the most promising
Read more →ADDISON, Texas, Aug. 25, 2016 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode today announced it will purchase eNotes for loans closed electronically from approved sellers through its correspondent lending channel. “After implementing eClosings and eNotes in our retail channel, we immediately saw their potential to improve liquidity for smaller market players, especially brokers seeking to transition into mortgage banking, and we wanted to incentivize the market to adopt eClosing and eNotes by providing a secondary market channel for these types of loans,” Bode said. “By utilizing eClosings and eNotes, lenders can
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