Real Estate News
Did you know …. The average time it takes to get a home loan processes is about eight weeks now – two weeks more than it used to be, according to the National Association of Realtors.
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Archive for the 'Boston real estate mortgage applicant' categoryBoston Real Estate Mortgage Brokers – Market MeltdownThe local mortgage industry implosion has hundreds of Massachusetts mortgage brokers fleeing the industry. In late 2007, Massachusetts Division of Banks reported 1,511 licensed mortgage brokers on the books. In December 2008, it was down to 1,006. As of December 1, 2009, the numbers were down to 600 licensed brokers in our local area. Real Estate Quote of the DayToday’s real estate quote of the day is from the CEO of the Mortgage Banker Association: Is the mortgage broker business model dead?Earlier this week, one of the largest mortgage brokers in the US shut its doors – not all that uncommon in today’s marketplace. But what was unusual was the candor of the CEO when addressing the challenges of the mortgage broker business model. Real Estate MortgagesThe 10 biggest loan originators during the first quarter 2009 were: Mortgage Rates – Class 101Are you confused about how mortgage rates work? Do you often see mortgage rates advertised real low but when you apply the rate is higher? Bank of AmericaBOA hired 5,000 new positions to help with their mortgages |