Pending home sales rose in August, following two consecutive months of decline, according to the National Association of Realtor’s pending home sales index report released on Wednesday. And homebuyers with flexibility are keen on more moderately priced regions within the
How credit scores impact lenders’ pipelines in a purchase market
With the purchase market becoming a primary emphasis for lenders in 2021, HousingWire sat down with CreditXpert VP of Marketing Mike Darne to talk about credit trends in a purchase market and how that impact lenders’ pipelines. HousingWire: We know
Bring the Indoors Out! How to Make the Most Out of Your Outdoor Living Spaces
If you’re looking to make the most of your square footage, consider extending your living space outside. Whether you enjoy laying by the pool or cooking a nice meal at the barbecue, designing your outdoor living spaces using the same
Can real estate brokerages survive without mortgage?
Real estate brokerages can survive, but only if they seriously invest in mortgage. So said members of a panel Tuesday on the evolution of the real estate brokerage during HousingWire Annual in Frisco, Texas. Today the value of a single
Mortgage applications fall as rates begin to rise
Mortgage application volume declined by 1.1% for the week ending Sept. 24, after a rebound in the previous week, according to the Mortgage Bankers Association (MBA). Pushing the decline was the purchase index, which dipped by 1.2% from the previous
LoanDepot sued 7 LOs after they left for a rival
LoanDepot CEO Anthony Hsieh After an origination team departed loanDepot in April of this year, loanDepot slammed the seven ex-employees and their new employer, CrossCountry Mortgage, with a lawsuit alleging they “hatched and implemented a scheme to loot loanDepot’s business.”
Why mortgage companies must focus on cybersecurity
Mortgage companies must focus on bolstering cybersecurity infrastructure, and should report any and all incursions from bad actors who seek access to sensitive information or who plan to encrypt systems to hold for ransom. This was a core part of
Loan origination complaints spike during pandemic
Loan origination-related consumer complaints rose significantly over the first 18 months of the COVID-19 pandemic, according to a Consumer Financial Protection Bureau’s (CFPB) report published last week. The bureau’s research brief, which analyzed the relationship between U.S. Census characteristics and
Nashville Real Estate Market: Prices | Trends | Forecast 2021-2022
Nashville’s housing market is one of the hottest markets in the US. It is among the nation’s top cities for fastest-selling houses. With hot homes on the market selling in less than ten days, it seems as if Nashville’s housing
Los Angeles Real Estate Market: Prices | Trends | Forecast 2021-2022
We’ll discuss the recent trends in the Southern California housing market as well as the Los Angeles housing market. Following the impact of the pandemic, which temporarily stalled the market, we saw the first signs of recovery in property sales
Are consistently error-free closings within reach for lenders?
Largely driven by record-low mortgage rates, lending volume surpassed everyone’s expectations in the past year. But as lenders scrambled to keep up with demand, closing errors naturally crept in. In the wake of this unparalleled volume, companies across the housing
US home prices hit record level (again)
July marked the fourth consecutive month in which the growth rate of home prices set a record, according to the latest S&P CoreLogic Case-Shiller National Home Price Index Report released on Tuesday. The index showed a 19.7% annual gain for
Housing Market Crash: Forecasts | Prices | Demand 2021-2022
Mortgage rates at record lows and a scarcity of inventory are keeping the US housing market robust in terms of demand. While affordability concerns continue to rise, low mortgage rates, rising savings, and a stronger job market all work together
Las Vegas Housing Market: Prices | Trends | Forecast 2021-2022
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
How Much Should I Spend on a House? 4 Steps to Follow
Shopping for a mortgage, you might encounter lenders who pre-qualify you for a higher loan amount than you expected. Many lenders work with standard debt-to-income ratio calculations which don’t take into account other costs of home ownership. If you take
Atlanta Real Estate Market: Prices | Trends | Forecast 2021-2022
This article has been updated to reflect the latest trends in the Atlanta real estate market in 2021. Metro Atlanta housing market has experienced a smooth recovery by far. Despite unemployment and uncertainty, the greater Atlanta residential real estate market
Even In Today’s Competitive Housing Market, Most Buyers Submit Only Two Offers
New Zillow research finds most home buyers still tour homes in person and don’t waive inspection contingencies. Go to Source Author:
Scottsdale Housing Market: Prices | Trends | Forecast 2021-2022
The Scottsdale housing market is dealing with high demand and low supply. Sellers are well aware that they can command a premium for their homes because demand is the craziest it’s ever been. According to local Realtors, the Scottsdale housing
HW+ Member Spotlight: Lisa Dunn
Lisa Dunn, partner/owner at LAUREL Real Estate Resources Continuing our new HW+ member spotlight series, we’re featuring Lisa Dunn, partner/owner at LAUREL Real Estate Resources. She specializes in residential real estate throughout Orange County, California, and is currently celebrating over 25
Mortgage rates continue to idle at 2.88%
The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. 23, according to Freddie Mac‘s latest PMMS survey. Mortgage rates have been roughly flat for months now. “The slowdown in economic growth around the world
Are remote appraisals here to stay?
Appraisers have experienced many challenges in the last couple of years. From juggling high volume demand for appraisals in the middle of a pandemic, appraisers had to radically change their processes. Most took these challenges in stride and adopted innovative
Clear Capital acquires Finnish digital floor plan firm
Appraisal management company Clear Capital is looking to beef up tech tools for its network of appraisers, and it is doing so through an acquisition. The Reno, Nevada-based company just closed on the acquisition of Finnish proptech startup CubiCasa this
St. Louis Real Estate Market: Prices | Trends | Forecast 2021-2022
The St. Louis real estate market is hot. Homes are selling fast because inventory is low, creating a banner selling season for homeowners looking to move. While St. Louis real estate market remains more affordable than in many other metro
Stellar MLS to launch new agent platform
The nation’s third largest MLS, with over 70,000 agents in Florida and Puerto Rico, Stellar MLS announced Tuesday that it is partnering with Remine and MoxiWorks to launch a new platform for real estate professionals. Stellar MLS currently offers members