Truliant Federal Credit Union is the first Southeast financial institution to officially complete a transfer of an eNote – or an electronic promissory note – to Federal Home Loan Bank of Atlanta (FHLBank Atlanta), as part of FHLBank Atlanta’s eNote
Forbearances dip for fifth straight week to 4.9%
The share of loans in forbearance fell six basis points during the final week of March to 4.9% of servicers’ portfolio volume, according to recent data from the Mortgage Bankers Association. New forbearance requests also dropped to their lowest level
The appraisal gap is complicating deals across the country
The home checked off every box on Linda’s list. It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school
Threat of climate change looms large for some home buyers
Climate change and the rising threat of natural disasters is likely to significantly impact migration plans of American families, potentially changing the landscape of American real estate. Out of 2,000 people surveyed between Feb. 25 and March 1, 628 said
CFPB proposes foreclosure ban until 2022
The Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking on Monday that would amend Regulation X to provide a special pre-foreclosure review period prohibiting servicers from starting foreclosures until after December 31, 2021. Under current CFPB foreclosure rules,
Housing inventory is down 40%. Buyers are paying the price
Prices are up sharply as housing inventory continues to plateau, leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Instead of making up for the shortfall, new listings have slumped
Why now is not the time for FHA premium cuts
In its most recent annual report to Congress, November 2020, the Federal Housing Administration (FHA) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). The figure, standing at 6.1%,
Will the next job wave mean the end of forbearance?
Last Friday, the Bureau of Labor Statistics reported that 916,000 jobs were created in March, and the previous month’s revisions came in positive. The rest of this content is for HW+ members. Join today with an HW+ Membership! Already a
Zillow’s 2021 Mover Report: The Opportunity, Emotion and Trends Behind the Great Reshuffling
The pandemic brought changes that make people more likely to move; a rapidly evolving real estate industry is helping overcome emotional and logistical obstacles that can get in the way. Go to Source Author:
Flippers and Airbnb Investors: Here’s How an S Corp Election Can Help You | Daily Podcast 173
“I DON’T Want to Retire Early” with Investing Expert Barbara Friedberg | BP Money 185
5 signs you’re ready to downsize your home
Should you or shouldn’t you downsize? If you’re a homeowner, this is a question you’ll inevitably ask yourself. While owning a home is exciting, it comes with a great deal of responsibility. If your home doesn’t fit your lifestyle anymore,
Finance of America to go public before IPO window closes
Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange. The lender, which is controlled by the Blackstone Group and operates through retail, wholesale and correspondent channels, will begin trading
Asking prices of newly listed homes reach all-time high
Home prices are sky-high, and a recent report from Redfin underlines that point with some staggering data. Median home-sale prices increased 17% year-over-year to $335,613 – a record high, per data taken from more than 400 metro areas during the
White label title insurer Proliant adds another franchise
White label title insurance franchise Proliant Settlement Systems announced Friday the acquisition of Great Northern Title Insurance Agency (GNTIA) in Michigan as a franchisee. The move expands Proliant further into Michigan, where it has close to a dozen franchise title
Employment gains could help housing inventory
After three months of mediocre gains, the U.S. unemployment situation brightened considerably in March. Total nonfarm payroll employment rose by 916,000 and pushed the unemployment rate down to 6%, according to the U.S. Labor Department. Sectors that were hit hardest by
