Historic homes are just that – a house filled with history, character, and unique quirks. These qualities are what sets them apart from new construction, such as a modern craftsman home or ranch style house. But, buyers beware, owning a
Gaming Room Ideas: 10 Tips to Create the Ultimate Gaming Room in 2022
Video games are big. Like $155 billion big. In fact, it’s estimated that 26% of the world’s population are regular video gamers across various platforms. Given these statistics, it’s likely that you or someone you know is an active video
What is a Carriage House? Charming 1800s Dwellings
A carriage house— also called a coach house— is a building near a larger home that was originally used for storing a horse-drawn carriage and housing the carriage’s driver (coachman). Think of them as a detached garage (although some are
Pennymac Financial Services’ profit sinks 31% in Q4
California-based nonbank mortgage lender Pennymac Financial Services posted record loan production last year, but a significant decline in net profits. Reflecting the higher rate landscape, in the last three months of 2021, the servicing segment brought more returns to the
9 Home Cleaning Tips That Can Help You Sell Faster
There are many steps to selling a home, but one of the most important is making sure your space is clean and spotless for potential homebuyers that step through the door. Whether you hire a professional cleaning service or get
Freddie Mac opens 2022 with two large CRT offerings
Freddie Mac recently announced that its credit-risk transfer (CRT) program is projecting note-issuance volume of at least $25 billion in 2022. The government-sponsored enterprise (GSE) has made its first down-payment on that projection by issuing two single-family CRT note offerings
Q&A: The nitty gritty on Milo’s crypto mortgage
Milo, a Miami-based digital lender, announced last week that it is rolling out a crypto mortgage product to clients with digital currency. Josip Rupena, the CEO of Milo, hopes that his mortgage product will allow borrowers who may not be
Why It’s Time for Foreclosure Tech Innovation
Hosted by Stavvy Collateral valuation is a critical component of mortgage lending and the home sales With the federal foreclosure moratorium expiring in 2022, the market will undoubtedly see growth in foreclosure transactions as it tries to catch up on
Nominations are closing soon for 2022 Finance Leaders!
The second annual Finance Leaders award will be closing today, but there’s still time to nominate someone before the end of the day! In its second year, this new award recognizes the senior executives who drive growth and are moving
Opinion: The changing landscape of the IMB
There are some interesting trends that have come out of the boom years of 2020 and 2021. The realignment of the mortgage industry should make us all rethink how we look at lenders by category. Rather than looking at bank-owned
As home prices skyrocketed, sellers made killer profits in 2021
U.S. home sellers made a pretty penny in 2021, with the nationwide realized profit growing by 45% year-over-year, according to a new analysis published by real estate data vendor ATTOM this week. Per ATTOM’s year-end home sales report, on average
Groups blast FHA draft defect taxonomy in joint letter
Consumer advocates, fair housing groups, banks and mortgage lenders don’t always play on the same team, but today they joined forces to critique the Federal Housing Administration’s proposed servicing defect taxonomy. In a joint letter to Lopa Kolluri, FHA’s principal
Pay later platforms: A superhero for the housing ecosystem?
The controversial author Christopher Booker suggested in a tome-length book, that all narratives belong to one of seven types. In his conception, all of history’s fiction is reducible to seven story typologies. In other words, there are no new stories
Old National, First Midwest merger approved despite redlining allegations
Can allegations of redlining sink a bank merger? Not for Evansville, Indiana-based Old National Bancorp’s acquisition of Chicago-based First Midwest Bancorp, which the Federal Reserve today approved. The merger will create a bank with $45.8 billion in combined assets, the
Will the 10-year yield send mortgage rates over 4%?
I have been a happy camper lately, particularly with the rise of the 10-year yield as I am seeking balance in the housing market. I love these times in the market and the San Francisco 49ers are making an epic
The doxing saga of Michael Arrington’s Miami mansion
ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press,
What is a Condo? What You Need to Know Before Buying One
If you’re thinking of buying a house, you may be considering a condo. Condominiums, or “condos,” are a popular choice for many first-time homebuyers, homeowners looking to downsize or relocate to a place like Jacksonville, FL, and those looking to
Las Vegas Housing Market: Prices | Trends | Forecasts 2022
The Las Vegas housing market is on fire. Sales of single-family homes are up from last year, and prices are reaching new highs. Month after month, inventory is depleting and cannot keep up with demand. People continue to flock to
Most Popular Paint Colors to “Swatch” Out for in 2022
The new year is the perfect time to give our homes a makeover. But if a full-scale renovation isn’t in the books, giving your space a fresh coat of paint can do wonders to instantly upgrade your home. Whether you’re
New Jersey Housing Market: Prices | Trends | Forecasts 2022
This year, the New Jersey housing market has been characterized by bidding wars and a scarcity of inventory. Homebuyers have been ecstatic to take advantage of historically low mortgage rates. All of these factors contributed to many homes in New
The Mediterranean Style House: Blending Italian and Spanish Architecture
Picture this – a European villa in a warm seaside town, surrounded by ocean views, a patio, and large windows that seemingly pulls in the landscape around you into your home. With arched windows, wrought-iron details, and a blend of
11 Lawn Care Tips to Fix Everyday Landscaping Problems
A healthy, green lawn goes a long way in giving your home major curb appeal. However, maintaining a beautiful lawn can often be a difficult task. Every lawn is different, and with so many different variables to consider, it’s easy
loanDepot’s CEO picks up pricey real estate in Florida
Anthony Hsieh, the CEO of loanDepot, has been buying some pricey real estate in Florida, pushing his portfolio of properties to over $150 million. As was first reported by the The Real Deal, Hsieh has dropped approximately $50 million dollars
Forbearance rate drops below 1.5%
Servicers’ forbearance portfolio volume dropped in December to a level below 1.5% for the first time in 18 months. The total number of loans in forbearance decreased by 26 basis points, to 1.41% in December from 1.67% in November, according