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Rosegate Mortgage Partners with Investment Firm on Origination Platform
Craig Freel, Rice Park’s president and co-chief investment officer, said, “We’re looking forward to cultivating this relationship.” Continue Reading Rosegate Mortgage Partners with Investment Firm on Origination Platform
FICO Rolls Out Tool to Simulate Credit Score Impacts
The tool can run credit event scenarios from an applicant’s credit report data and determine the potential impact to that individual’s actual FICO Score. Continue Reading FICO Rolls Out Tool to Simulate Credit Score Impacts
Additional Reading: Top Mortgage Industry News & Headlines
Fannie Mae Upgrades Data Validation Capabilities in Desktop Underwriter
“We are removing a hurdle from the loan application process,” said Cyndi Danko, senior vice president and single-family chief credit officer. Continue Reading Fannie Mae Upgrades Data Validation Capabilities in Desktop Underwriter
Mortgage Applications Up 9.7%
The Refinance Index increased 8% from the previous week and was 2% lower than the same week one year ago. Continue Reading Mortgage Applications Up 9.7%
Mortgage Rates Up for Fourth Straight Week
“The recent boomerang in rates has dampened already tentative homebuyer momentum as we approach the spring,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Up for Fourth Straight Week
Housing Market: Rising mortgage rates won’t lower home prices, as housing crisis looms
Source: Finger Lakes 1 --- Higher mortgage rates and a red hot housing market have brought challenges to residents in parts of the United States, but have done little to cool the market. For the first time since 2011 mortgage rates in the U.S. hit 5%. According to...
Here’s how much the same mortgage costs now, compared to last year
Source: CNBC --- Fewer people are shopping for homes, a sign that homebuyers are getting priced out of the market due to surging mortgage rates, which spiked to an average of 5% this week for 30-year fixed-rate mortgages. The fixed-rate mortgage rate jumped 0.28% in...
Housing Market Update: Demand Slips, Pushing More Sellers to Drop Asking Prices
Source: Redfin --- Early-stage homebuying demand continues to falter this spring as new listings fell 7% from a year earlier, the average 30-year fixed mortgage rate shot up to 5% and the median asking price climbed to $397,747, sending the typical homebuyer’s monthly...
7 Mortgage Hopes and Dreams That Are Completely Delusional Today
Source: Realtor --- Right now, mortgages are having a moment. With interest rates low yet rising fast, home loans are the hot topic du jour, and one that I, as a real estate agent, help homebuyers navigate daily. Still, just as both buyers and sellers experience...
Commercial Real Estate Prices Still Have Room to Run, According to First American Potential Capitalization Rate Model
Source: Finance Yahoo --- SANTA ANA, Calif., April 14, 2022--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), the premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of...
What would it take to crash the housing market?
Source: Housing Wire --- Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Can this last? No, it can’t. In time, markets always find balance and balance is a good thing. But, that doesn’t mean...
How to get yourself mortgage ready
Source: The Guardian --- Get a ballpark figure One of the first things you should do is get a realistic idea of how much you’re likely to be able to borrow so you can see if it is worth going ahead. This will depend on three main things: your income, your outgoings...
Will the middle class survive a nationwide housing shortage?
Source: USA Today --- In this current mad dash to find housing, the first 48 hours are proving to be crucial to either make or break a deal, especially for prospective middle-class homebuyers. Just ask Jonathan Sigrist and Krystal Dickison of Charlotte,...
A New Digital Currency System Will be Arriving Shortly
By Dan Harkey Real Estate & Finance Consultant m: 949 533-8315 | e: [email protected] Introduction: Banks began using computer technology to automate manual processing in the mid to late 1940s. Bank credit cards were created in 1950 as a portable payment...
NFTs forced into all facets of life — including real estate
Source: firsttuesday Journal--- Non-fungible tokens (NFTs), the cryptocurrency phenomenon quickly materializing in a real world setting, are becoming harder and harder to ignore. Many industries have hopped on board. What does this mean for the real estate market? The...
