Jessica Lucas
Jessica Lucas is the managing editor for Mortgage Home Base, a top real estate finance blog dedicated to helping borrowers and home buyers understand the home loan process. Follow Jessica on Google +, and share your comments here.
The Next Wave of Boomerang Home Buyers

Having lost their homes to foreclosure, bankruptcy or short sale boomerang home buyers are now ready to take on a new mortgage loan. Speak with a professional lender today to see if you are ready to buy again! Boomerang home buyers are those who have lost their homes to exceptional circumstances and have been able […]
FHA Offers Lower Mortgage Insurance Premiums To New Borrowers In 2015
New FHA mortgage borrowers in 2015 will be offer a reduced Mortgage Insurance Premium (MIP). This is the first time that the Federal Housing Administration (FHA) has reduced its MIP for its borrowers since 2001. It has been a long time coming for many interested home buyers and millennials who have been hesitant on committing […]
How to Submit FHA Case Number Cancellation Requests

Just a week ago, the President made an announcement in regards to reduced FHA Mortgage Insurance Premiums (MIP) along with temporarily allowing for lenders to cancel case numbers on loans issued on and after January 26, 2015. FHA has reduced its Mortgage Insurance Premium (MIP) by as much as 0.50%, making it even more affordable […]
Conforming Loan Limits Released For 2015
Conforming loan limits for 2015 was released by the Federal Housing Finance Agency (FHFA) with little alterations. This is including (Federal Housing Administration) FHA home loans. Conforming loans are backed by the federal government and then sold to the secondary market as mortgage-backed securities. Loan limits are considered the maximum loan amount that the federal […]
November 2014: Foreclosure Report
November’s foreclosure report showed Florida with 0.14% foreclosure filings higher when compared with the nation’s 0.08%. The following statistics gathered from RealtyTrac are:
Fannie and Freddie’s 3% Down Payment Targets First-Time Home Buyers

Real Estate Media Host, Frank Garay of National Real Estate Posts expands on the new programs at 3:19 While there are concerns of another mortgage crisis in the making and skeptical lenders questioning the likelihood of safe lending, Fannie Mae and Freddie Mac executives assure that the new 97% LTV program is safe-guarded enough. Encouraging […]
Housing Market Predictions For 2015

In a thriving economy, we know what this may mean for mortgage rates. In November, we saw mortgage rates moving slower than ever, inching closer and closer to 4 percent. November ended with 3.97% and as we moved into December, rates remained steady in the 4 percent range. This is no surprise for many housing […]
Conventional Interest Rates More Stable Than Its Home Prices

According to the Federal Housing Finance Agency (FHFA), mortgage interest rates during the month of October showed a 5 basis point increase for existing homes. Mortgage Interest rates newly built homes with a Conventional purchase loan on the other hand remains unaffected. The average effective rate for new home loans actually has been stable since […]
Four Steps to Lowering Holiday Energy Cost

The holiday season has long arrived with cold enough weather to have us all cranking up our heaters. It may be a challenge to save on the holidays, but you can definitely save on energy costs. To help you stay in control of your energy consumption this winter, make sure that you make adjustments on […]
National Mortgage Debt Overview

According to TransUnion’s Industry Insight report in the third quarter of 2014, the nation’s mortgage delinquency rate has decreased to 3.36%. This percentage represents borrowers with 60 days or more past due, another drop for the 11th consecutive month. A 17% drop from a year ago provides a promising recovery in 2015. This chart from […]