Scorching hot housing market giving additional buying power to sellers Go to Source Author:
To Sell Your Home Quickly, List it on a Thursday Before Labor Day
Homes are selling within days in many U.S. metros, and the day a home is listed can have an impact on time on market and sale price Go to Source Author:
83% Growth of Asian-Headed Households Hides Significant Inequality
While most signs point to housing gains, economic inequality among people from different Asian ethnic regions pose challenges to homeownership. Go to Source Author:
CRT protects GSEs, taxpayers from unexpected disasters
After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital
Fannie Mae taps Evans as next single-family chief
Fannie Mae now has a clear successor to take the reins of its single-family business following the departure of Andrew Bon Salle in December. The government sponsored entity has named Malloy Evans, the company’s current chief credit officer for single
Lenders pick up the pace in closing mortgages
The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The study, ICE’s Origination Insight Report, also found April to be the second
Freddie Mac taps Michael DeVito as next CEO
Nearly six months after David Brickman stepped down, government-sponsored entity Freddie Mac has tapped ex-Wells Fargo mortgage executive Michael DeVito to assume the role of CEO. DeVito, who spent more than two decades at Wells Fargo before retiring last year,
NYC, LA and SF residents are moving to these cities
Phoenix, Las Vegas, Sacramento, Austin and Atlanta were the most popular destinations for Redfin.com users looking to move to a different area last month, with many of the potential homebuyers coming from Los Angeles, San Francisco, and New York. The analysis, which
Understanding What Escrow is and How it Works
As a homebuyer, there are actually two different times you’ll be dealing with escrow. The first takes place during the home buying process. Escrow starts with your purchase offer on a home and ends when you close on the house.
Ocwen to buy $48B MSR package from AmeriHome
If you have any mortgage servicing rights you’re looking to offload, you may want to give Ocwen Financial a call. A few weeks after striking a deal to buy $14 billion of mortgage servicing rights from Texas Capital Bank, a subsidiary of
Heatproof Your Home and Protect it From Extreme Temperatures
Your home is supposed to be your own personal oasis. However, when summertime comes around, scorching temperatures and rising humidity can wreak havoc on a home, both inside and out. Extreme heat can make the interior of a house uncomfortable
What Is a Storm Door and How Do I Install One?
If you live in a city that typically sees a lot of storms, like Fort Myers, FL or Abbotsford, BC, installing a storm door can provide added security, protection, and insulation for your home. More so, it can extend the
Mortgage applications decrease 4%
After two straight weeks of increases, mortgage applications dropped 4.2% for the week ending May 21, 2021, according to the Mortgage Bankers Association‘s weekly mortgage applications survey. “Demand is robust throughout the country, but homebuyers continue to be held back
Building material prices take their toll on new home sales
Record-high building material prices and a continued lack of labor brought down new home sales in April to a seasonally adjusted annual rate of 863,000 ― roughly 5.9% lower than the revised March rate, according to a joint analysis from
New home sales trigger concern over lumber prices
Today the Census Bureau reported 863,000 new home sales in April 2021. This was a miss from estimates and revisions for the previous months were all negative. From Census: “Sales of new single‐family houses in April 2021 were at a
8 Easy Tips for Keeping a House Cool in Extreme Heat
When temperatures and humidity levels start to rise, it can feel impossible to keep your home at a comfortable temperature. This can be especially true if you live somewhere with intense summers, such as Tucson, AZ or Houston, TX. If
FHFA’s RFI on appraisals is a critical inflection point
The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms.
RamQuest integrates with SearchCONNECT
Texas-based technology company RamQuest announced its title and closing digital network — called “Closing Market” — has integrated with SearchCONNECT, an affiliate of Investors Title and National Investors Title Insurance Company, which provides search solutions in Florida, Georgia, South Carolina,
Home shoppers aren’t the only ones using Zillow
During the early stages of the pandemic, people flocked to Zillow as a way to pass the time in isolation. Makes sense, right? The housing market surged when COVID-19 began, so it’s reasonable to think Zillow-users were looking for their
Jake Fehling to speak at engage.marketing June 17
As the mortgage market swings back to purchase, lenders are looking at ways to welcome new customers, clients and colleagues as they expand their reach. That’s why we’ve invited Movement Mortgage‘s vice president of marketing Jake Fehling to speak about marketing to
Existing home sales data: A bad sign for housing market?
According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. This was a miss from estimates and the third straight month of declines in sales. I have been saying we should expect
Home prices increase in 75% of Opportunity Zones
A recent report from ATTOM Data Solutions found that median home prices increased in 75% of the country’s “Opportunity Zones” — economically distressed communities that may qualify for tax deferment — year over year in the first quarter of 2021.
Existing home sales fall for third month in April
April’s existing home sales painted a familiar picture of a market still grappling with low supply as sales dropped for the third month in a row, down 2.7% from March to 5.85 million, the National Association of Realtors reported on
Is housing market demand starting to weaken?
Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. Pending sales