Mortgage Industry News
Ally Financial to End Mortgage Originations
The digital-only bank’s layoffs will affect less than 5% of its workforce. Continue Reading Ally Financial to End Mortgage Originations
Mortgage Application Activity Starts 2025 in Decline
The Refinance Index increased 2% from the previous week and was 6% lower than the same week one year ago. Continue Reading Mortgage Application Activity Starts 2025 in Decline
Mortgage Rates Drift Closer to the 7% Mark
The 30-year fixed-rate mortgage averaged 6.88% as of April 11. Continue Reading Mortgage Rates Drift Closer to the 7% Mark
Refinancing Outpaces Purchase Loans in Latest MBA Data
The Refinance Index enjoyed a 10% hike from the previous week and was 4% higher than the same week one year ago. Continue Reading Refinancing Outpaces Purchase Loans in Latest MBA Data
Mortgage Credit Availability Up in March
MBA’s Joel Kan noted the credit supply “remains low at nearly 7% below a year ago.” Continue Reading Mortgage Credit Availability Up in March
Multifamily Construction Sentiment in U.S. Remains Positive in Late 2021
Source: World Property Journal --- According to the National Association of Home Builders latest Multifamily Market Survey, confidence in the market for new multifamily housing improved in the fourth quarter of 2021. The MMS produces two separate indices. The...
Friends Do Business with Friends
“Being and Time’” written in 1927, best discussed the concept of authenticity, of being, and caring. Martin Heidegger, a German philosopher, is an excellent read. In Heidegger’s study, he referred to as “Dasein,” which means “Being-there.” One may interpret it as...
John G Stevens makes list of Top 100 Global Leaders in Finance
Source: JohnGStevens.com --- The Global conference on Insurance and Finance (GCIF) has released its 2021 list of the Top 100 Global Leaders in Finance and included John G Stevens on their annual list. GCIF dives into the latest market trends, cost control strategies,...
How joining the Great Resignation could hamper homebuying plans
Source: Bankrate --- If you joined the Great Resignation in the last year, you may have found it even harder to compete in the already wild pandemic housing market. A record number of Americans quit their jobs in 2021, according to the Bureau of Labor Statistics, and...
Global Real Estate Rental Market 2022: Agents Increasingly Using New Technologies Including VR – ResearchAndMarkets.com
Source: Finance Yahoo --- The global real estate rental market is expected to grow from $2164.29 billion in 2021 to $2396.61 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The growth is mainly due to the companies rearranging their operations and...
Does a 15-Year Mortgage Make Sense in 2022?
Source: The Ascent --- If you're looking to buy a home this year, the good news is that mortgage rates are still fairly competitive from a historical standpoint. The bad news, however, is that they've started the year off higher. And there's a good chance rates will...
Here’s how to proactively maintain fair lending
Source: Housing Wire --- HousingWire: How does Fair Lending affect mortgage servicing? Amanda Phillips: The Consumer Financial Protection Bureau (CFPB) has repeatedly signaled throughout the past year via blogs, press releases, reports, its Fall 2021 Supervisory...
Annuities And Reverse Mortgages Are Perfect Complements – So Why Have They Been Forcibly Separated
Source: Forbes --- The answer is that the loss from absence of complementarity is not generally recognized, the population segment that is victimized is not identified, and the regulatory structure responsible for the separation of functions is oblivious to the harm...
Your Questions Answered: Best Home Buying Tips for First-Timers
Source: Housing Logic --- Buying your first home is a big freaking deal. How do you know which loan is right for you? How do you swing the down payment? How do you ensure your offer isn’t too low or too high? What don’t you know that you don’t know? Ack! Breathe,...
Made a profit selling your home? Here’s how to avoid a tax bomb this filing season
Source: CNBC --- If you recently made a profit selling your home, it may come with a costly surprise this filing season: capital gains taxes on your windfall. In 2021, the average U.S. home seller scored a profit of $94,092, up 71% from $55,000 two years ago,...
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