Welcome to the  Lending Cafe - New Penn's Blog

If you've ever been dazed and confused by home financing options, or just wanted a handy resource for mortgage tips to help you save money and improve your financial situation, help is here.

In the Lending Café, New Penn Financial's mortgage experts offer their advice and insights into the complex world of mortgage lending-to make things simpler for you. No financial jargon here, just straight talk in simple layman's terms. Stop by our blog often for information on all things mortgage related. We hope you find the Lending Café a helpful resource that helps you make the best decisions regarding your own mortgage needs.

At the Lending Café, you'll have to supply your own cup of coffee, but we'll supply plenty of food for thought.

Mortgage Applications Are on the Rise

It may be a greater supply of homes for sale. It may be price cuts on those homes. Whatever the reason, buyers are coming back to the market, and driving mortgage demand.


Home Prices Still Increasing?

The views about the direction of home prices diverged slightly in September, as those reported in the S&P CoreLogic Case Shiller indices slowed for the second month in a row while those from the Federal Housing Finance Agency (FHFA) for both September and the third quarter mostly kept chugging along.


Mutual Mortgage Insurance Fund Outperforms for Fourth Year in a Row

Through a statement from its new President and CEO Robert D. Broeksmit, the Mortgage Bankers Association (MBA) said it welcomed news of the continued improvement in the Capital Reserve Ratio and that FHA is continuing to closely monitor its forward book of business as it continues to perform well.


Millennials Could be Foregoing Equity Wealth

While people make the choice to own or rent that suits them at a given point, maybe more young adults should take into account the long-term consequences of renting when homeownership is an option.