by Anthony | Sep 23, 2020 | Home Equity, Real Estate News
National Homeowner Equity In the second quarter of 2020, the average homeowner gained approximately $9,800 in equity during the past year. Montana had the highest year-over-year average increase at $28,900. Negative Equity Falls In the second quarter of 2020, the...
by Anthony | Sep 15, 2020 | 2020 Trends, Home Equity, Mortgages, Real Estate News
The Mortgage Bankers Association reported that credit in August is the tightest in more than six years. This is the result of the concern over a weak economy prompted by the lenders’ decision to tighten up their lending standards. The Mortgage Credit...
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...
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