There is no single silver bullet that will rectify the pernicious impact of bias in residential real estate valuations — it is a complex problem that requires a multifaceted solution. But there is the promise of a better future on
Purchase apps are at 2009 level: where’s the inventory?
It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Since the summer of 2020,
Clean and Green: Here’s How to Compost In an Apartment
People eat a lot of food in the U.S. In fact, the average citizen ate 1,996 pounds of food in 2021. Composting even half of that would reduce methane emissions, help the food supply, and cut agricultural water needs significantly.
How top originators can build and retain borrower relationships
In the midst of a competitive purchase market, it’s more important than ever to foster existing borrower relationships. In light of this, HW Media CEO Clayton Collins spoke with Steve Reich, COO at Finance of America Mortgage, to learn more
How Long Does an Appraisal Take? Here’s What You Can Expect
Congratulations! You’ve been preapproved for a home mortgage, found your dream home, negotiated an agreeable sales price, and successfully maneuvered through the home inspection process. You now have the fully executed sales contract for your new house. Next, on to
Opinion: A more balanced approach to manufactured home energy efficiency
The Manufactured Housing Institute (MHI) appreciates that the Biden administration has created a White House Task Force on Manufactured Housing. We also commend the administration for the White House initiative announced a week ago Monday to “Ease the Burden of
Florida-based LO accused of falsifying documents
A Florida-based loan officer faces more than 30 years in federal prison if convicted on charges alleging she falsified divorce papers and child support payment information to help unqualified borrowers secure a loan, according to a Department of Justice indictment.
Passive Income Ideas 2022: Best Opportunities To Make Money
Passive Income Ideas Passive income is income that continues to generate revenue for you even when you are not actively working. Sounds intriguing? So let us talk about the best passive income ideas for 2022. There has never been a
How to Find the Best Real Estate Agent When Buying or Selling Your Home
Congratulations, you’re in the market to buy a house. Or perhaps you are ready to sell. Either way, it’s time to find a real estate agent to guide you through what can be a challenging – and sometimes stressful –
Freddie Mac automates pre-closing employment verification
Freddie Mac will now automatically verify borrower employment 10 days ahead of closing, which it says is more efficient than obtaining that information through oral or written verification. The option will be available starting June 1. To verify the borrower’s
22 Different Types of Apartments: Find The Pad That Best Fits Your Lifestyle
Apartment hunting can be an exciting experience, especially if you’re looking for a unique space that you’ll love living in. However, if you’re new to renting or moving into a new type of rental, it can be overwhelming to understand
Can You Buy an Apartment?
If you’re an apartment dweller, you may have considered the idea of owning your apartment. But can you actually buy an apartment? Well, the answer is a bit complicated. In this article, we’ll dig into what your options are if
Financial institutions jump into ARMs amid high rates
At least two financial institutions brought back adjustable-rate mortgage (ARM) products this week amid surging mortgage rates and double-digit home price growth. Michigan-based wholesale lender Homepoint rolled out a jumbo ARM product offering a maximum loan amount as much as
1031 Exchange Rules 2022: How To Do A 1031 Exchange?
All About 1031 Exchange Rules in 2022 Taxes rarely make for exciting reading material, but if you own an investment property, there’s at least one set of IRS regulations you absolutely will want to understand: 1031 Exchange Rules. Real estate
Pricey suburbs top Zillow’s list of most popular markets this year
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The housing market is as competitive as ever despite 53% rise in mortgage costs
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Home buyers may find less competition near city centers for the first time in years
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Blend: We plan to outperform the decline in origination volume
Blend Labs reported a $73.5 million loss in the first quarter, but pointed to the performance of its mortgage banking and title sectors as a positive sign for the rest of the year. The company’s revenue rose to $71.5 million,
Opinion: Use data to scale your mortgage servicing business
Mortgage servicing is a scale business, meaning the economics of scale can be achieved with larger servicing portfolio by spreading the fixed costs among more loans being serviced. Such scaling; however, hasn’t achieved the expected results as indicated by both
‘Foreclosure Abuse Prevention Act’ awaits New York governor’s signature
Homeowners in New York who are knee-deep in foreclosure litigation may soon get a break, as a piece of legislation making its way to Gov. Kathy Hochul’s desk could discharge a swath of foreclosure cases pending in state and appellate
How to Get Rid of Roaches in Your Apartment or House and Keep Them Gone for Good
Cockroaches: a tiny pest with a big reputation. Roaches are one of the most common apartment and household pests, and they’re notoriously difficult to get rid of. Even if you keep your space tidy and clean, these pests can still
Pros and cons of buying out-of-state rental property in 2022
Not everyone can afford to invest in rental property in the area they live in. In some regions, housing prices are so high that it may be difficult to add to your real estate portfolio. Whether cash buyers outbid you
What to Look For on a Home Tour
Touring homes can be a thrilling experience, especially if you’re a first-time homebuyer. However, you can easily get swept away in the excitement of it all and not realize that you’re missing out on some very important details about the
Opinion: Is the lending market overcorrecting toward tech? Maybe
Rates are rising. Refinances are falling. Inventory is contracting. Application fallouts are worsening. It’s getting harder out there. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic