Posts by Mid-Island Mortgage Corp.

Another Great Closing at Mid-Island Mortgage

Another Great Closing at Mid-Island Mortgage: The Udedibia family are now first-time homeowners thanks to the work of Stephanie Santoro (center, left), VP, Sales, for Mid-Island Mortgage. Stephanie provided the perfect mortgage for their purchase in Uniondale, NY. Also playing key roles were the Udedibias’ realtors, Lisa O’Donnell (left of Stephanie) and Anita Watterson (back).

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NEWS: As Mortgage-Interest Deduction Vanishes, Housing Market Offers a Shrug

August 4, 2019 By Jim Tankersley and Ben Casselman PLAINFIELD, Ill. — The mortgage-interest deduction, a beloved tax break bound tightly to the American dream of homeownership, once seemed politically invincible. Then it nearly vanished in middle-class neighborhoods across the country, and it appears that hardly anyone noticed. In places like Plainfield, a southwestern outpost in the area…

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NEWS: Housing Market Shift May Mean Price Cuts

August 2, 2019 by Lew Sichelman The housing market is definitely changing. Maybe not everywhere, at least not yet. But in most places, sellers are slowly losing their dominance and buyers are taking control. The evidence is strong: Instances of multiple offers on the same property have fallen drastically, more buyers are holding out for…

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NEWS: Mid-year review: What’s happening in housing, and more important, what’s not

Natalie Campisi July 12, 2019 The first half of 2019 bore promising gifts to eager homebuyers, namely low mortgage rates and slowing home price growth. This comes, however, amid a deepening shortage of affordable housing throughout the country. Mortgage rates fell below 4 percent, applications zoomed Let’s start with the good news. Since January, mortgage rates have…

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NEWS: Redfin: Bidding Wars Continue to Ease

MBA NewsLink Staff July 12, 2019 Redfin, Seattle, said just 12 percent of Redfin offers faced a bidding war in June, down from 52 percent a year earlier. The report (https://www.redfin.com/blog/june-2019-bidding-wars) said the least competitive market in June was Miami, where none of the offers submitted by Redfin agents faced competition. Dallas (5.3%) and San Jose…

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NEWS: New bill slashes FHA mortgage insurance for first-time homebuyers

Jessica Guerin July 10, 2019 Borrowers who undergo counseling can get a discount on their upfront mortgage insurance The House of Representatives passed a bill Tuesday that slashes the cost of upfront mortgage insurance for first-time homebuyers using mortgages backed by the Federal Housing Administration. The Housing Financial Literacy Act of 2019, or H.R. 2162, stipulates that…

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