Second Mortgage Loans
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Second Mortgage Loans
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Real Estate and Home Loan News
JPMorgan preps second ARM-only jumbo mortgage bondHousingWire(JPM) is preparing to bring its second residential mortgage-backed securitization this year. The RMBS series is backed entirely by adjustable-rate mortgages to market. J.P. Morgan Mortgage Trust 2015-IVR2 is backed by 382 loans with a total balance of ...
More people approved for mortgage loansQCKThe number of people being approved for mortgage loans increased in February, according to the latest Halifax House Price Index. The monthly snapshot of the housing market showed that 60,786 mortgages were approved in February. It's the second consecutive monthly increase and followed five monthly falls in approvals between July and November last year. The new set of figures revealed an average house price of £192,372, which is down by 0.3 per cent compared to January but is up by 2.6 per cent on a ...and more »
Current Mortgage Rates Roundup for March 4, 2015Selected LoansCurrent Mortgage Rates Mortgage rates headed higher on Tuesday, marking the second straight day, that interest rates were on the rise. The main reason for the uptick is that mortgage-backed securities (MBS) sold off. ... Turning attention to current mortgage interest rates at top lenders, Bank of America (NYSE:BAC) is offering the 30-year home purchase loan for as low as 3.750%, according to our observations. The 15-year FRM has been firm for most of the week at 3.000%. In case of home refinancing options, the ...and more »
Secured Loan Watch: Deserving of awardsMortgage StrategyIt was great to hear the words of Fiona Hoyle, head of consumer finance at the FLA, when commenting on this issue. “The continued fall in repossessions is due in no small part to the commitment of second charge mortgage lenders to helping customers deal ...