How families are paying a 42% mortgage premium to send kids to better schools

How families are paying a 42% mortgage premium to send kids to better schools

FAMILIES are adding up to 42 per cent on their mortgage to get their children into a preferred school. Houses that are within the catchment area of the
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Jeff Heidtmann Tapped to Lead New Norcom Mortgage Branch in Connecticut

Norcom Mortgage has welcomed Branch Manager Jeff Heidtmann and his team back to the company as one of its Connecticut branch locations in
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Fairway Independent Mortgage Partners with Cloudvirga to Support Its Organizational Growth Goals

/California Newswire/ — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by
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Freddie Sees 2 Big Problems For Housing

Khater adds that, while home sales are moderating, that isn't a national trend. He says, “The good news is that the economy and labor market are very … and mortgage rates, after surging earlier this year, have stabilized in recent
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Mortgage Rates Highest in More Than 2 Weeks

Mortgage rates rose again today–this time more noticeably than yesterday–bringing them to the highest levels in more than 2 weeks. For most
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Toronto Real Estate Board threatens legal action against realtors in battle over home sales data

TORONTO – A lawyer representing the Toronto Real Estate Board says it is considering whether to fight for adjustments to a Competition Tribunal
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AG Mortgage Investment Trust: Is This 10.6%-Yielding REIT A Buy Right Now?

AG Mortgage Investment Trust is a promising high-yield REIT income play. The mortgage REIT has better-than-average leverage metrics.
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Why retirees should be aware of reverse mortgage risks

Adding fuel to the fire was the Australian Securities and Investments Commission (ASIC), which found that lending standards for reverse mortgages
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Reverse mortgage risks not being explained to seniors: ASIC

Reverse mortgages can help seniors improve quality of life after retirement, but there are also long-term risks that lenders are failing to explain to
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Las Vegas Dethrones Seattle in Home Price Growth

… flat over the last six months amidst news stories of an increase in the number of … Rising mortgage rates – 30 year fixed rate mortgages rose from 4 percent to … The National U.S. Home Price Index tracks the value of single-family
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Academy Mortgage Celebrates 30 Years of Business

Academy Mortgage is celebrating 30 years of service. Founded in 1988, Academy has navigated through all the housing and lending market
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Mortgage refinance rejection spike exposes number of Australians in debt distress

It's being described as a “mortgage mirage”. It's an offer from the bank that looks too good to be true and, as it turns out, for many it is.
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Bipartisan push begins in Senate to expand mortgage access for self-employed borrowers

Ever since the Qualified Mortgage rule went into effect a few years ago, borrowers who don't have a traditional source of income have had a hard time
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Q2 Profits Up for PMIs, Independent Mortgage Bankers

The second quarter of this year was a lucrative three-month period for the nation's private mortgage insurers (PMIs) and independent mortgage
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Wells Fargo to lay off 42 additional mortgage workers in Frederick

Wells Fargo & Co. is laying off another 42 employees in Frederick as the bank makes cuts across its home mortgage business. The latest round of
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Atlas Real Estate Partners Acquires FL Property

Atlas, a New York-based privately held real estate investment firm that focuses on value-add investments in multifamily, student housing, retail and
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Is the Housing Market Finally Cooling Off?

After the seasonal adjustment, the National Index recorded a 0.3 percent … and existing homes are roughly flat over the last six months amidst news stories of an … The National Average Contract Mortgage Rate for the Purchase of
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CUNA calls for Mortgage Choice Act inclusion in FSGG bill

CUNA called for the bill to retain the text of the Mortgage Choice Act (H.R. 1153), a bipartisan bill that has passed the House in February and is
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Moody's to Pay $16.25M to Settle RMBS Ratings Error Charges

… inconsistent application of credit rating symbols in connection to residential mortgage-backed securities (RMBS) issued between 2010 and 2013.
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First-Time Buyers Acquire 36 Percent of Home Sales

… homes during the second quarter of this year, a one percent uptick from a year ago, according to new data from Genworth Mortgage Insurance.
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