The share of non-homeowners that expect to purchase a home in the foreseeable future is down significantly compared with two years ago, according to a new poll by Gallup. However, a survey commissioned by JPMorgan Chase suggests that potential homebuyers are ready to “get off the sidelines” before interest rates increase. In April 2013, Gallup found that 31 percent of non-homeowners didn’t expect to purchase a home in the foreseeable future. In a survey conducted this month, the share of non-homeowners that don’t expect to buy a house in the foreseeable future increased to 41 percent. Art Swift, managing editor at Gallup, noted...
It’s likely that provisions to automatically designate residential loans held in portfolio as qualified mortgages will be included in a legislative package...
Quicken made news earlier in the year when it heavily promoted to loan brokers a 60-hour LPMI “sale” committing coverage for $100 million in originations.