by Anthony | Apr 24, 2020 | 2020 Trends, Fannie Mae, Home Equity
The recent Fannie Mae report projects that home sales may possibly fall by up to 15% in 2020. [That is the number of homes sold, not the price of homes.] The housing projection published by Fannie Mae indicates that total housing starts are expected to fall from 1.5...
by Anthony | Apr 20, 2020 | COVID19, Debt, Home Equity, Real Estate News
Initially, JPMorgan Chase announced that they were increasing their lending standards for home mortgage borrowers. The new threshold would require at least a 20% down payment and a FICO score of minimum 700. This might appear to be severe but the average FICO score in...
by Anthony | Apr 17, 2020 | Debt, Home Equity, Mortgages
First of all, not all debt is calculated equally. There is standard credit card debt, and then student debt, auto loans and home mortgages. They aren’t viewed the same way by the credit agencies. A recent article reported that the average amount carried on a credit...
by Anthony | Mar 2, 2020 | Home Equity, Mortgages, Real Estate News
The consistency in the growth of the economy as well as the growth in the real estate industry overall has had a spillover effect in homeowner equity. According to ATTOM Data Solutions, nearly fifteen million homes in the U.S. were calculated to be equity-rich...
by Anthony | Dec 2, 2019 | Home Equity
Prices may be higher on the east and west coasts of the US, but if you want to gain some fast traction when it comes to home equity, the big winners are found in the western portion of the United States. CoreLogic published a study in which it stated that equity in...
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