Can't make your mortgage payments?

If you can't make your monthly mortgage payments, you have some decisions to make. You can do nothing and wait for your lender to foreclose on your home having a negative effect on your credit for the next 7 years. Or you can take steps to sell your Arizona home in a short sale leaving only a small effect on your credit for 2 years. If you have questions how to begin the steps of a short sale contact our specialists at AZ Home Help http://goo.gl/krRsoC

Can't make your mortgage payments?

If you can't make your monthly mortgage payments, you have some decisions to make. You can do nothing and wait for your lender to foreclose on your home having a negative effect on your credit for the next 7 years. Or you can take steps to sell your Arizona home in a short sale leaving only a small effect on your credit for 2 years. If you have questions how to begin the steps of a short sale contact our specialists at AZ Home Help http://goo.gl/krRsoC

Fannie/Freddie Changes; Positive Millennial Trends for Lenders; Chase Settlement

Hot news from AZ Home Help:

Posted To: Pipeline Press

The Wall Street Journal reports banks are beefing up cybersecurity defenses by taking actions that include banning employees from using USB drives, not allowing employees to use work emails for personal use, warning employees not to post out-of-office replies on email, to be careful what they post on social media, and not to click on links in questionable emails from unknown sources. And a survey by The Economist on cyber incident readiness by businesses finds the top things executives think would assist their company to be better prepared for a cyber incident are: better understanding the potential threats, raising awareness of existing preparations across the company, and testing existing preparations for an incident. In response to lender feedback, Fannie Mae will implement expanded whole...(read more)

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Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/01062016-cybersecurity.aspx

- For more real estate news visit our website at http://www.AzHomeHelp.com

Mortgage Rates Sideways to Slightly Higher

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Mortgage rates were essentially unchanged for many lenders today and just barely higher for others. There were no major sources of inspiration as underlying financial markets are still getting back in the swing of things after the holiday season. One of the lingering effects was a wider range of quotes between lenders. Some tend to price rate sheets more conservatively (i.e." higher") over the holidays while it's business as usual for others. That means we had more than a few lenders quoting conventional 30yr fixed rates of 4.0% while a few of the less aggressive lenders were still up at 4.25%. That range is about twice as big as normal, but it's narrowed over the past two days with the higher end moving down to 4.125%. The next three days bring the weeks most significant economic data. The...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/551372.aspx

- For more real estate news visit our website at http://www.AzHomeHelp.com

Rate Hike no Concern for Freddie's Chief Economist

Hot news from AZ Home Help:

Posted To: MND NewsWire

Freddie Mac is dismissing concerns of some analysts that the change in the Federal Reserve's monetary policy may bode ill for the housing industry. The company's vice president and chief economist Sean Becketti welcomed the New Year with an upbeat rebuttal of those concerns on Freddie Mac's Executive Perspectives blog. Becketti said that he does not share the worries about the December hike in the fed funds interest rates boosting mortgage rates, reducing home affordability, or reversing the recent improvements in housing numbers. He cites several reasons for his view. The Federal Reserve is aware that the economic recovery remains fragile and has committed to a policy of gradual monetary tightening. They should be taken at their word, Becketti says, and we should expect only a few modest increases...(read more)

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Source: http://www.mortgagenewsdaily.com/01042016_interest_rate_freddie_mac.asp

- For more real estate news visit our website at http://www.AzHomeHelp.com

Mortgage Rates Lowest in 2 Weeks

Hot news from AZ Home Help:

Posted To: Mortgage Rate Watch

Mortgage rates moved lower today as financial markets roared back to life after the winter break. In this age of ever-increasing automation and digital connectivity, it would be easy to assume that financial markets continue to hum along in the background even as the rest of the world takes some time off during the holidays. The truth is that financial markets are greatly affected by the Christmas/New Years holiday season and that's readily apparent in today's mortgage rates. Mortgage rates are primarily a function of mortgage-backed-securities (MBS) prices. Most days, there is a stable connection between the two (in that a certain amount of movement in MBS tends to correspond with a certain amount of movement in mortgage rates). If we were to solely base our assumptions on that relationship...(read more)

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Source: http://www.mortgagenewsdaily.com/consumer_rates/550658.aspx

- For more real estate news visit our website at http://www.AzHomeHelp.com

Upcoming Events/Training; Investor Disaster News; MBS Trends

Hot news from AZ Home Help:

Posted To: Pipeline Press

"Rob, I can't help but notice the enormous TRID frustration among so many of your readers. While we/MBA were successful in getting the letter from the Bureau this past week allowing for TRID errors to be corrected, it would be much more helpful if every frustrated lender got everyone they knew to sign up for the Mortgage Action Alliance MAA . It's the one way we can get more voices engaged when bad things are happening to our industry. It's free, and you don't even have to be an MBA member. But with legislation proposed on the hill that would add governance to the CFPB, or even our transitional licensing legislation which may have a real shot - rather than just complain to you after the fact, they could all help while the sausage is being made by lending their voice. Spread the word and we...(read more)

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Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/01042016-israeli-mbs-market.aspx

- For more real estate news visit our website at http://www.AzHomeHelp.com