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
Report: Nearly One-Quarter of Black Mortgage Applicants are Rejected
Insufficient credit was the most common reason given (43%) for the application rejection Continue Reading Report: Nearly One-Quarter of Black Mortgage Applicants are Rejected
Mortgage Application Activity Declines Again
The Refinance Index decreased 14% from the previous week and was 12% higher than the same week one year ago. Continue Reading Mortgage Application Activity Declines Again
NAHB: Families Must Spend 38% of Their Income on Mortgage Payments
California’s San Jose-Sunnyvale-Santa Clara market was the most severely cost-burdened market during the first quarter. Continue Reading NAHB: Families Must Spend 38% of Their Income on Mortgage Payments
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...
‘The scammers are getting quite crafty’: Kentucky man nearly loses $70K in real estate scam
Source: WHAS 11 ABC --- LOUISVILLE, Ky. — The Attorney General’s Office in Kentucky reported more than $12.7 million lost to scammers in 2021. Some of those losses were because of real estate scams. A Louisville man told WHAS11 News he was in the process of closing...
How to choose a title company for your real estate closing
Source: The Washington Post --- Most people buy or sell only a few homes during their lifetime, so they’re not likely to have a title company to handle their closing on speed dial. While finding a trustworthy and knowledgeable lender and real estate agent are usually...
Can I buy real estate inside of my IRA?
Source: True Jersey --- Q. I wanted to buy a condo for my son, where he would pay rent that would cover the monthly carrying costs. If I wanted to buy it within an IRA, can I? I’d rather not take a mortgage. — Dad A. That’s a very generous move. It is possible to buy...
