HELOCs increase for 17th consecutive quarter

Home equity lines of credit applications increased once again in the second quarter. The rising home prices are giving more equity to homeowners who are now looking at using it. The good news is more homeowners are using their HELOCs as a means of home improvement. http://www.housingwire.com/articles/37937-helocs-increase-for-17th-consecutive-quarter ❤️ #share #mortgage

Realtors: Here’s how to pass the new FAA drone test

Good news: At the end of June, the Federal Aviation Administration finalized the rules on drone usage for real estate agents. Bad news: Now you have to take a test. But, you don’t have to go into the 60-question multiple-choice test completely blind, there are tips and tricks to ace it. http://www.housingwire.com/articles/37941-realtors-heres-how-to-pass-the-new-faa-drone-test ❤️ #share #mortgage

HUD: Children still overexposed to lead paint dangers

The Department of Housing and Urban Development wants to protect more children living in federally assisted housing from lead paint exposure. To that end, HUD is proposing a new rule that would lower the acceptable threshold of lead exposure in a child’s blood to match the standard used by the Centers for Disease Control and Prevention. http://www.housingwire.com/articles/37940-hud-children-still-overexposed-to-lead-paint-dangers ❤️ #share #mortgage

FHFA: #mortgage interest rates continued falling in July

As readers of HousingWire well know, #mortgage interest rates trended lower over the last few months, especially in the wake of the United Kingdom’s vote to leave the European Union. A new report from the Federal Housing Finance Agency provides more evidence of the decline in #mortgage interest rates, as several indices reviewed by the FHFA show that #mortgage rates fell in July. http://www.housingwire.com/articles/37939-fhfa-mortgage-interest-rates-continued-falling-in-july ❤️ #share #mortgage

Here’s “clear evidence” the credit box is way too tight

Borrowers who took out #mortgages in the past five years are better at paying their #mortgages than any other group of #mortgage borrowers in history. But this squeaky-clean performance isn’t a good thing, according to the Urban Institute. In a new blog post, the think tank posits that the interesting data shows the severity of how tight the credit box is. http://www.housingwire.com/articles/37936-heres-clear-evidence-the-credit-box-is-way-too-tight ❤️ #share #mortgage

Did whistleblower out First #mortgage’s $7.5 million Ginnie Mae #mortgage bond fraud?

The Securities and Exchange Commission is offering a reward to the whistleblower that revealed a scheme at First #mortgage Corporation that involved several of the company’s senior executives lying about the performance of the #mortgages the company originated, re-securitizing them, and defrauding investors out of $7.5 million – if in fact there is one. http://www.housingwire.com/articles/37935-did-whistleblower-out-first-mortgages-75-million-ginnie-mae-mortgage-bond-fraud ❤️ #share #mortgage