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Fannie Mae Home Purchase Sentiment Index Inches Up Slightly

Fannie Mae Home Purchase Sentiment Index Inches Up Slightly

by Phil Hall | Apr 10, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index (HPSI) recorded a 3.3-point uptick from February to March to 61.3, but still remained only slightly above its all-time low set from late last year. Year-over-year, the full index is down by 11.9 points. Fannie...
Zillow: People of Color Pay Higher Upfront Costs on Rental Housing

Zillow: People of Color Pay Higher Upfront Costs on Rental Housing

by Phil Hall | Apr 10, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

People of color are like to pay higher upfront costs on their rental housing than their White counterparts, according to the latest Consumer Housing Trends Report published by Zillow Group (NASDAQ:Z, ZG). Zillow found the typical Black, Hispanic and Asian American...
Homepoint Sells Wholesale Business to The Loan Store

Homepoint Sells Wholesale Business to The Loan Store

by Phil Hall | Apr 10, 2023 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Homepoint, an Ann Arbor, Michigan-based wholesale lender, has entered into a definitive agreement to sell certain assets of the company’s wholesale originations channel to The Loan Store Inc., a national wholesale lender based in Tucson, Arizona. The financial aspects...
NY Times Publishes Report Claiming Age Discrimination in Mortgage Applications

NY Times Publishes Report Claiming Age Discrimination in Mortgage Applications

by Phil Hall | Apr 10, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The New York Times has published an investigative article questioning the potential of age discrimination in mortgage origination. The article “A Great Credit Score, but She Can’t Get a Mortgage” stated that “many older Americans have a hard time refinancing because...
Spotlight On: Thomas Ferrier and Tommie Mac Inc.

Spotlight On: Thomas Ferrier and Tommie Mac Inc.

by Phil Hall | Apr 6, 2023 | News/Current Events, Real Estate News, Spotlight On, U.S. Housing Market, WRE News Exclusive

Today, we launch a weekly series that shines the proverbial spotlight on people, companies, organizations and trends with the potential to change how our industry conducts itself. For the premiere installment of this series, our spotlight is on Thomas Ferrier,...
New York City Leads Nation in Property Taxes

New York City Leads Nation in Property Taxes

by Phil Hall | Apr 6, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Living in the Big Apple comes with big price tags, especially regarding property taxes. According to a new data study from LendingTree (NASDAQ:TREE), New York City has the highest median property tax among the nation’s 50 largest metros. Homeowners in the City That...
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