Author: Michael Gersitz

May housing activity declined year over year “across the board” according to a report by Buildfax, a property condition data service provider. However, the report states positive homebuilder sentiment and an increase in construction hiring suggests these slowdowns will eventually

On Wednesday, the Department of Housing and Urban Development announced that the Federal Housing Administration is providing a two-month extension of its foreclosure and eviction moratorium through August 31, 2020. This is the second extension the FHA has enacted since

The Federal Housing Finance Agency on Wednesday extended the foreclosure and eviction moratorium for borrowers with mortgages backed by Fannie Mae and Freddie Mac until “at least” Aug. 31, the federal watchdog said. “During this national health emergency no one

The COVID-19 pandemic upended just about everything this year, and that includes much of the home-buying process. A new study from Clever revealed that homebuyers who bought between January and May this year are twice as likely to have anxiety

The Urban Institute recently published an article about FHLB (Federal Home Loan Bank) membership. In their review, they state how nonbanks align with the FHLB mission, but also focus in on a lack of oversight and the challenge to safely

Failure to provide additional legislative support to an economy reeling from COVID-19 will worsen the inequality that has led to mass protests in America in recent weeks, lead to more small-business failures, and extend the recession, Federal Reserve Chairman Jerome

A seasonally adjusted index measuring purchase applications jumped 8% last week, according to a report from the Mortgage Bankers Association. While the week prior saw the seasonally adjusted index rising to its highest level since January, this week the MBA

Yesterday’s opening day of engage.marketing was very tactical, but Day 2 really doubled down on actionable tactics that any Realtor, loan officer or industry pro can implement right away.  The day started out with a bang with some of the

Real estate tech company Homesnap introduced Homesnap Pro+ Concierge, which uses machine learning to run custom ads on Facebook and Google and deliver pre-qualified leads, Homesnap said. Homesnap Pro​ is the industry-facing version of the Homesnap platform built specifically for

The Federal Reserve’s two-day policy meeting that ended on Wednesday left rates unchanged and gave a strong indication that it will not raise interest rates for a long time.   Back in August of 2015, when the Fed began hinting about

The number of mortgages in forbearance fell for the second consecutive week, Black Knight said in a report on Friday. The number of loans with suspended payments dropped to 4.66 million this week from 4.73 million, the mortgage data firm

Though competition can be fierce in the housing tech space, the industry is seeing more companies reaching out for partnerships to harness each other’s strengths. Companies contributing to new relationships this week include MountainSeed with Kabbage, Ally Lending with Authority

Ithaca, New York has become the first city in the U.S. to cancel rent payments in response to COVID-19. A new resolution now allows Ithaca’s Mayor Svante Myrick to cancel rent debt from the last three months for tenants and

The average rate for a 30-year conforming fixed-rate mortgage fell to a record low of 3.1%, on Thursday, according to data from Optimal Blue. It came after a rocky ride that saw rates jump to a one-month high on the