Borrowers’ demand for mortgage loans declined at a slower pace last week when mortgage rates dropped slightly ahead of the Federal Reserve’s (Fed) meeting to announce the new target for the federal funds rate. According to the latest survey from the Mortgage
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RON bill grinds to a halt in the U.S. Senate
Things were looking good for the Securing and Enabling Commerce Using Remote and Electronic Notarization (SECURE) Act as of late July after it passed in the House of Representatives as part of a package of bills. However, the bill’s momentum
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People Moving Out of Austin Are Considering These 10 Cities
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HW Annual 2022: HW Media Update
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Is the Boise Housing Market Cooling Off? Boise had a hot housing market during the pandemic-fueled boom. The housing market conditions we experienced for the last two years were unique. Historically low inventory, coupled with rampant demand, resulted in above-average
What is a 2-1 temporary rate buydown?
As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. These borrowers are hoping that rates will decline enough in the next few years that
Home price growth slows further in August
Annual home-price growth slowed further in August, with year-over-year price gain shrinking for the fifth consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index, released Tuesday. Nationwide home prices posted a year gain of 13.0% in August, bringing
Mortgage production will fall 9% in 2023: MBA forecast
Recession is coming, according to the Mortgage Bankers Association. The MBA forecasts a recession in the first half of 2023, with the unemployment rate at 5.5% and inflation at the 2% target by the end of next year. The economic
Almost half of Q3 transactions had issues leading to wire and title fraud risks at closing
As the risk of wire and title fraud increases, the discussion around the problem in the industry grows louder. Earlier this year at MBA Tech 2022, the Mortgage Bankers Association held a panel that included title industry executives, lender risk
Invitation Homes seeking $1B JV as home prices fall: report
Single-family rental behemoth Invitation Homes is seeking a joint venture partner to take advantage of the latest drop in home prices, according to a report by Bloomberg. The company is working with commercial brokerage Eastdil Secured to find a partner
MBA’s Broeksmit takes aim at CFPB
America is in a “full damage control mode” while the Federal Reserve attempts to control inflation, inflicting pain on the mortgage industry – and that’s when “bad policies have a habit of rearing their ugly head,” according to Mortgage Bankers
Matt Rocco, new MBA chair, emphasizes affordable rental housing focus
On stage in Nashville on Monday, Mortgage Bankers Association Chairwoman Kristy Fercho passed the torch to Matt Rocco, who will take over as chairman in 2023. Rocco, the CEO of Grandbridge Real Estate, a commercial real estate investment bank subsidiary
Anywhere Real Estate appoints its first ever chief product officer
Real estate brokerage and services company Anywhere Real Estate announced last week that it is appointing Tony Kueh as its first chief product officer. In his new role, Kueh will lead the company’s product strategy, innovation roadmap and technology investments.
How to get to homebuyers first in today’s ultra-competitive market
With rising rates and low housing inventory, lenders are competing for every borrower they can get. In light of that, HW Media Editor-in-Chief Sarah Wheeler had the opportunity to catch up with Ty Tucker, CoreLogic executive, Loan Solutions Group, at
D.C. real estate firms fined $10M for discrimination
Three Washington, D.C.-based real estate firms — DARO Management Services, DARO Realty and Infinity Real Estate — and company executive Carissa Barry, have been handed a hefty $10 million civil penalty as part of a settlement for illegally discriminating against low-income
Real estate unicorn Roofstock cuts its workforce by 20%
Within the span of a week, San Francisco-based digital real estate unicorn Roofstock completed its first property sale through non-fungible token (NFT) and laid off about 20% of its workforce. A Roofstock spokesperson told SFGATE that owing to the “economic
Will Home Prices Drop in 2023: Housing Market Predictions 2023
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Southern California Housing Market Forecast 2022 & 2023
Home prices & sales are moderating across the Southern California housing market. In Southern California, the median home price is not rising by double-digits anymore. That trend is over. After a two-year housing boom, the housing market in Southern California
5 Passive Real Estate Investing Tips to Help You Make Money
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NYC Housing Market: Prices, Trends & Forecast 2022-2023
Here are the latest trends in the NYC real estate market as well as the statewide market. A prolonged scarcity of properties on the market across the Empire State, along with high prices and growing mortgage rates, continues to impede
Will The Housing Market Crash: Real Estate Crash Coming?
When Will the Housing Market Crash? As more signs show that the housing market is already slowing down in 2022, many people are wondering: Will the housing market crash or collapse in the near future? More and more housing analysts
Housing Market Trends 2022: Prices Are Beginning to Drop
Housing Market Trends 2022 The housing market is predicted to slow down further in the last quarter of 2022. For sellers, this could be terrible news, but for buyers, it’s great. Yet, there is still the problem of sky-high mortgage
