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Foreclosure Filings Up 10% in 2023

Foreclosure Filings Up 10% in 2023

by Phil Hall | Jan 11, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Foreclosure filings were reported on 357,062 residential properties in 2023, according to a new report from ATTOM. This represents a 10% increase from 2022 and a 136% spike from 2021, but it was also down by 28% from pre-pandemic 2019 and down by 88% from the 2010...
NRL Mortgage and Calque Unveil The Trade-In Mortgage

NRL Mortgage and Calque Unveil The Trade-In Mortgage

by Phil Hall | Jan 10, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

NRL Mortgage has partnered with the fintech Calque to launch The Trade-In Mortgage in 45 states. According to the companies, The Trade-In Mortgage enables homeowners to leverage their home equity to purchase a new home before selling their current one. By working with...
California Home of Monkee Michael Nesmith Sells for $3.25 Million

California Home of Monkee Michael Nesmith Sells for $3.25 Million

by Phil Hall | Jan 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Carmel Valley, California-based residence of Monkees singer-songwriter Michael Nesmith was sold for $3.25 million after 17 days on the market. Realtor.com reported the three-bedroom, 3.5-bath home was listed in late November for $3.5 million. The 3,365-square-foot...
Mortgage Application Volume Up Nearly 10%

Mortgage Application Volume Up Nearly 10%

by Phil Hall | Jan 10, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The new year began on a positive note for the mortgage space, according to data from the Mortgage Bankers Association (MBA) for the week ending Jan. 5. The Market Composite Index, the MBA’s measure of mortgage loan application volume, jumped by 9.9% on a seasonally...
HUD Awards $40 Million to Housing Counseling Services

HUD Awards $40 Million to Housing Counseling Services

by Phil Hall | Jan 10, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) announced that its Office of Housing Counseling is allocating $40.25 million in grant funding to support housing counseling services for homebuyers, homeowners, and renters. Through the 2023 Office of Housing...
Guaranteed Rate Debuts RateReduce Sell Program

Guaranteed Rate Debuts RateReduce Sell Program

by Phil Hall | Jan 10, 2024 | Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Chicago-headquartered Guaranteed Rate has enhanced its RateReduce offering to include RateReduce Sell, a program designed to help real estate agents facing a challenging home sales market. According to the company, RateReduce Sell provides real estate agents the...
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