Mortgage Industry News
Union Home Mortgage Acquires Nations Reliable Lending
The financial terms of the deal were not disclosed. Continue Reading Union Home Mortgage Acquires Nations Reliable Lending
Bank7 Acquires First American Mortgage
First American Mortgage has operated since 1993 and facilitated over $3 billion in funding. Continue Reading Bank7 Acquires First American Mortgage
Mortgage Application Activity Catches an Upswing
The Refinance Index spiked by 28% from the previous week and was 28% higher than the same week one year ago. Continue Reading Mortgage Application Activity Catches an Upswing
A Phil Hall Op-Ed: A 10% Mortgage Rate Under Trump?
Editor Phil Hall opines on Larry Summers’ warning on how Trump will impact the mortgage rates. Continue Reading A Phil Hall Op-Ed: A 10% Mortgage Rate Under Trump?
Mortgage Credit Availability Inches Up
“The overall supply of mortgage credit is still close to 2012 lows,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Inches Up
Brokers are better than Banks
Debbie Bloyd is a contributing author to Weekly Real Estate News and can be contacted at 469-768-0337 or [email protected] Brokers are better than banks because we have more options. Brokers are better than banks because we have a vested interest in our...
Sales of newly built homes tumbled over 16% in April while prices soared
Source: CNBC --- Sales of newly built homes dropped 16.6% in April from March, far more than expected, and were down 26.9% from April 2021, according to the U.S. Census. The annualized rate came in at 591,000 units, seasonally adjusted. Analysts had been expecting...
How lenders can improve business models in 2022
Source: Housing Wire --- HousingWire: Between interest rate hikes, tight housing supply and geopolitical uncertainty, many industry professionals are feeling the pressure of a volatile housing market. Why is now a good time for lenders to focus on improving aspects of...
The Housing Market Is Showing Signs of a Correction: What This Means for Buyers and Sellers
Source: Realtor --- Cracks are beginning to appear in the red-hot housing market. Spiraling mortgage rates on top of record-high and still-rising home prices are leading many experts to predict the real estate market is on the verge of a correction—if it isn’t already...
New Home Mortgage Applications Dip 10.6 Percent in April
Source: World Property Journal --- Based on the Mortgage Bankers Association's latest Builder Application Survey data for April 2022, U.S. mortgage applications for new home purchases decreased 10.6 percent compared to a year ago. Compared to March 2022, applications...
How AI is Revolutionizing the Real Estate Market
Source: Realty Biz News --- Time marches on, and so does the sophistication of the technologies we use in our everyday lives like AI. Whether they’re for personal use or those we leverage in our professional endeavors, new software technologies like artificial...
The housing market boom has at least another year to run, Zillow economists predict
Source: Yahoo Finance --- The data is clear: The pandemic housing boom—which has seen U.S. home prices soar 19.8% over the past year—is finally losing some steam. What's going on? Soaring mortgage rates, which have climbed from 3.11% to 5.25% over the past five...
How Fannie Mae is creating new opportunities for homeownership
Source: Housing Wire --- Fannie Mae recently released its National Housing Survey, which revealed that consumers, in general, still believe that owning a home is better than renting. HousingWire Content Solutions Managing Maleesa Smith and Katrina Jones, Fannie Mae’s...
Single Family Rental Returns Dip in Early 2022
Source: World Property Journal --- According to ATTOM's latest Single-Family Rental Market report, profit margins on 3-bedroom single-family home rentals are declining annually in 2022 across most of the United States, and are slightly more likely to decline in areas...
How Long Does It Take to Improve Credit Score Enough to Buy a Home?
Source: Realtor --- How long does it take to improve credit score? Having good credit helps you prove your creditworthiness to potential lenders. If you’re hoping to buy a home, having a good credit score is key, since it helps you qualify for a mortgage. So if your...
Recent Posts
Hits and Misses for the Real Estate Week of March 16-20- Virginia Home Sales Up 7.4% in February
- Judge Strikes Down FinCEN Rule Aimed at Money Laundering in Real Estate
- New Proposal to Keep the Bears in Chicago Features Renovated Soldier Field
- Survey: 3 in 5 Fear Loss of Jobs to AI Will Impact Housing Market
