2016 Marked Best Year for Sales in a Decade » Mortgage Masters Group

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In September, sales rose in all four regions, ranging from a 5.8% gain in the Northeast to a 0.9% rise in the South. First-time buyers made up 34% of all transactions, the biggest share in four years.

T he Central Bank of Nigeria (CBN) has removed the interest rate cap regulation on interest rate and lending fees for mortgage financing in the country. In a circular to Other Financial Institutions (OFIs) and mortgage sector stakeholders posted on its website at the weekend, the CBN said that the move was due [.]

2015 FHA Loan Requirements FHA: When an FHA loan is being used, the appraiser has two objectives. The Department of Housing and Urban Development (HUD) requires him to determine the current market value, as with any appraisal. But they also require a property inspection to make sure the home meets HUD’s minimum standards for health and safety.

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It turns out 2017 was a banner year for mortgages, just not all of them. A total of $1.148 trillion in home purchase mortgages were funded last year, the highest total since 2006, per new data from Inside Mortgage Finance.. I guess if we consider inflation, and the fact that it has been over a decade, the numbers aren’t as peachy as they look.

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Many would say that the overall pattern for the mortgage market in 2016 has been laid out by the chancellor in his Autumn Statement, with a potential spike in buy-to-let applications early in the year to beat the stamp duty surcharge in April.