Mortgage Industry News
Mortgage Fraud Criminal Probe Opened Against NY AG Letitia James
James called the allegations “baseless” and claimed it was part of President Trump’s “revenge tour.” Continue Reading Mortgage Fraud Criminal Probe Opened Against NY AG Letitia James
Second Home Mortgage Origination at 7-Year Low
Demand for vacation homes is falling fastest in Florida. Continue Reading Second Home Mortgage Origination at 7-Year Low
Tech Trends: How Zillow is Using Artificial Intelligence
An overview of how Zillow is utilizing artificial intelligence. Continue Reading Tech Trends: How Zillow is Using Artificial Intelligence
Mortgage Rates Plunge to Lowest Level in Over a Year
The 30-year fixed-rate mortgage averaged 6.47% as of Aug. 8. Continue Reading Mortgage Rates Plunge to Lowest Level in Over a Year
Mortgage Application Activity Up by 7%
The adjustable-rate mortgage share of activity increased to 6.3% of total applications. Continue Reading Mortgage Application Activity Up by 7%
CAN YOU PUT AN OFFER ON A HOUSE THAT’S CONTINGENT?
Source: RIS Media --- Yes! Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Here’s all you should know about contingent sales as a potential home buyer. Contingent meaning Real estate listings go through different...
For Native American Homebuyers, 3 Financial Assistance Programs to Help With a Purchase
Source: Realtor --- In today’s aggressive housing market, it’s crucial to get a leg up on the competition and to take advantage of all options available when it comes to financial aid. For Native American homebuyers, there are several lending programs to help secure...
A housing bubble is on everyone’s mind right now — here’s what it is and how to know if the US is in one
Source: Business Insider --- You may have heard, the US housing market is booming. But booms often end in a bust, and the housing situation across the country has led experts to debate the possibility of the whole market imploding. As the number of homes available...
A Homebuyer’s Guide to the Appraisal Gap: Why It Happens and What To Do
Source: Realtor --- If you’re thinking of buying a home in today’s market, you need to be prepared for the possibility of an appraisal gap. So what is an appraisal gap? An appraisal gap is when a home’s appraised value is lower than the purchase price the buyer has...
Bitcoin-collateralized mortgage launched by cryptofinance firm
Source: National Mortgage News --- XBTO Group, a Miami-based crypto finance platform and asset manager, unveiled its bitcoin-collateralized mortgage offering this week. The company plans to offer the product to home buyers making purchases valued at $1 million or more...
Reverse Mortgages – The Good, The Bad and The Misunderstood
What am I doing with my day today and most days? Mortgages – all kinds of mortgages. I have been a mortgage broker over 25 years now and it always amazes me of the information that is out there, it always has a slant on it. There is always a bias on whether it is...
Only Two Homes In Jackson Under $1 Million; Real Estate Prices Doubled In Last 18 Months
Source: Cowboy State Daily --- Real estate prices have more than doubled in Teton County in the past 18 months and properties selling for less than $1 million are increasingly rare in the county’s limited housing inventory, according to a report by a Jackson real...
We are GIVING away 20 Minky Blankets!
We are so excited to give away 20 Minky blankets! If you have never felt a Minky blanket then it is time that you did! They are the "Best. Blanket. Ever!" To enter to win you must go and Like our Facebook Page. CLICK HERE to LIKE our page For another chance to win...
30-year fixed mortgage crosses 5%
Source: CNBC --- The average rate on the popular 30-year fixed mortgage just crossed 5%, now standing at 5.02%, according to Mortgage News Daily. This is the first time it has crossed that threshold since 2011, save two days in 2018. It stood at 3.38% one year ago...
Hot housing market creates equally hot real estate jobs market
Source: Business Report --- Despite a sharp rise in mortgage rates, U.S. housing market activity continues to sizzle, and—at least through March—generate new jobs each month. There are now nearly 1.8 million people working in real estate services, more than before the...
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