Mortgage Applications Continue to Slide

By Luciana Lopez – Applications for U.S. home mortgages fell in the latest week as both purchase and refinancing applications slipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2 percent to 397.2 in the week…

Real Estate 2014: The New Wisdom

By Beth Pinsker – When the housing bubble burst, a damage-control mentality replaced decades of conventional real estate wisdom. With the housing market now rebounding, there is still uncertainty. The old rules — such as getting a fixed-rate mortgage and refinancing when you can — don’t apply. But the post-bust rules don’t work either. “There’s a…

Mortgage Applications Edge Up in Latest Week

  By Luciana Lopez – NEW YORK — Applications for U.S. home mortgages edged higher in the latest week, rebounding from a 13-year low set at the end of last year, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase…

HUD Releases New Rules on Mortgages

  By Sarah N. Lynch –  New mortgage rules designed to prevent a repeat of the 2007-2009 financial crisis, when foreclosures spiked because of risky bank practices, were finalized by the U.S. Department of Housing and Urban Development on Wednesday. The agency said the changes are based on work by the U.S. Consumer Financial Protection…