The number of properties with foreclosure filings hit 11,810 in April, down 1% month over month and 17% year over year, according to a recent study from RealtyTrac and ATTOM Data Solutions. May marks the 14th month of the federal
Former TIAA CEO joins Notarize board of directors
Former TIAA CEO and President Roger Ferguson Jr. has joined the Notarize board of directors, the company announced in a release on Thursday. Under Ferguson’s management, TIAA more than doubled its total assets to over $1 trillion. Ferguson retired from
Why does credit matter so much in the home-buying process? Here’s the scoop
Credit can be confusing, but it can also be a huge asset going into the home-buying process. A good credit score increases the likelihood of qualifying for a mortgage because it indicates to the lender that you’re more likely to
Generation X is looking to move to these metros
In the last few years, there’s been a lot of conversation surrounding 25 to 40-year-olds and their home purchasing habits. But according to a new LendingTree study, millennials aren’t the only ones making big purchases – Generation X is doing
UWM has a plan to win a war of mortgage attrition
Mat Ishbia isn’t sweating a projected drop in gain-on-sale margins, all the way down to 75 to 110 basis points. Quite the contrary. In his estimation, a higher rate environment and hyper-competitive pricing will provide United Wholesale Mortgage an opening
A guide for homebuyers looking to buy their dream home
Are you thinking about buying your first home? Because of today’s low interest rates, some homebuyers may be able to afford the homes of their dream. But low interest rates aren’t the only thing you should consider when house shopping.
Genworth mortgage insurance arm IPO on ice
Genworth Financial said it will delay the initial public offering of its recently rebranded mortgage insurance arm, Enact Holdings. Tom McInerny, the president and CEO of Genworth, said that recent market volatility led the company to put off the IPO.
New home sales battled scorching prices in April
Mortgage applications for new homes dropped 9% in April from March, however, overall applications are still up a whopping 30.8% year over year for homebuilders, according to the latest survey report from the Mortgage Bankers Association. Amid continued competition from borrowers, the average
Spring floods: How to handle water in your basement
Nothing wrecks the beauty of spring like a basement flood. If you’re one of the unfortunate souls who ends up with rising waters this year, here’s how you can handle the problem. Get the water out. The first step is
Real Estate Investing: The Basic Concepts For Beginners
Real Estate Investing makes people think of money. You will see a lot of good reasons for this. Real estate is only available in limited quantities. After all, manufacturing more land is impossible. As a result, real estate is nearly
How does the FHFA 7% loan cap on GSEs affect originators?
As you probably know by now, the Federal Housing and Finance Agency has limited GSEs to a 7% cap on loan purchases for second home and investment properties. This means that lenders who sell these types of loans to Fannie
Compass loses money, explores mortgage
Compass has successfully become a publicly traded company, but the residential brokerage continues to lose money and it has unclear plans to generate more revenue. In its inaugural earnings call, the eight-year-old, New York City-based brokerage reported Wednesday a net
Senators urge CFPB to “reconsider” QM delay
Compliance attorneys and mortgage industry lobbyists aren’t the only ones wishing the Consumer Financial Protection Bureau (CFPB) would proceed with the General Qualified Mortgage Final Rule as it had initially planned. The same day the CFPB announced plans to delay
Quicken brand will be officially retired on July 31
Five years after introducing the Rocket Mortgage brand for digital lending, Rocket Companies will finally retire the legacy Quicken name on July 31. “More than 20 years ago, Dan Gilbert, our founder and chairman, had a vision of putting the entire
Seattle tops list of best metros for real estate agents
A recent WalletHub study of 179 U.S. cities determined that Seattle is the top market for real estate agents to currently work in, and Corpus Christi, Texas, was deemed the worst. In studying the cities, two factors were considered —
South poised to see $1 trillion in home sales in 2021
Even with historically low levels of inventory, rising mortgage rates and uneven job growth, experts still believe 2021 will be a record year for home sales. How much will be spent on homes? Officials are predicting sale numbers to easily
Compass’s next battle: trade secret lawsuits
Compass CEO Robert Reffkin On her website bio, Pittsburgh real estate agent Jen Crouse describes why she finds meaning in her work. “At the end of the day,” Crouse states. “We all want to love where we live and who
Opportunities to improve the home-building process
Some things in life are so complicated that it’s easier to say, “Screw it — I’m not going to do this at all.” That’s what building a new home is like for most people. The process is so fraught with
Why VA mortgage loans go to the bottom of the stack
It’s been rejection after rejection for Isabel Williams’ client, a military veteran in Port St. Lucie, Florida. Since the client began the search for her dream home earlier this year, her Veterans Affairs mortgage loan offers have been rejected over
Bruno Baldini 1980’s- C21 Making it’s Mark
A second-generation real estate agent, Bruno Baldini of CENTURY 21 Baldini Realty in Belmont, California joined the ranks under his father, who had his own brokerage in 1972. His dad started, in the business, in 1968, and made his way
Downsizing Your Home? Don’t Make These 10 Mistakes
Whether you’ve decided to eliminate debt from your life, or you’re first time empty nesters ready for a new chapter, now may be the time to downsize your home. But before you start, it’s important to understand that there are
Doing a Shower Remodel? Consider These Ideas to Breathe Life Into Your Shower Renovation
A shower should be a sanctuary, a stress-reducing environment, somewhere you can easily relax and free yourself of a hard day’s work. But if your shower is beginning to feel outdated or is showing signs of wear, a shower renovation
Amid expansion, Opendoor lost $270M in Q1
Opendoor wants to give residential real estate brokerages a run for their money, but its first quarter earnings suggest the company is not quite there yet. The San Francisco-based instant homebuyer announced a net income loss of $270 million
Mortgage applications jump as rates fall to 2.96%
After weeks of decreases, mortgage applications rose 2.1% for the week ending May 7, 2021, according to the most recent report from the Mortgage Bankers Association. Aiding the jump in mortgage applications was another sub-3% week of mortgage rates, which