Mortgage Industry News
American Pride Bank Launches Third-Party Origination Mortgage
“In partnership with brokers, APB Wholesale is going to open new doors to homeownership for Americans nationwide,” said CEO Dominik Mjartan. Continue Reading American Pride Bank Launches Third-Party Origination Mortgage
The State with the Greatest Increase in Mortgage Debt Is…
Vermont was the only state with an increase above 2%. Continue Reading The State with the Greatest Increase in Mortgage Debt Is…
Mr. Cooper Pays $1.4 Billion For Flagstar’s Mortgage Operations
The acquisition encompasses Flagstar’s MSRs, advances, subservicing contracts, and a third-party origination platform. Continue Reading Mr. Cooper Pays $1.4 Billion For Flagstar’s Mortgage Operations
MBA: Homebuyer Affordability Conditions Improve
The national median mortgage payment for conventional loan applicants in June was $2,180. Continue Reading MBA: Homebuyer Affordability Conditions Improve
Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year
The study is based on responses from 15,020 customers who have been with their current mortgage loan servicer for at least one year. Continue Reading Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year
Mortgages Rates Surge to Highest Since 2018
Source: The Wall Street Journal --- The average rate for a 30-year fixed-rate loan jumped to 4.67%, mortgage-finance giant Freddie Mac said Thursday, marking the weekly figure’s highest reading since December 2018. The 30-year fixed rate rose from 4.42% a week ago,...
Inside the government’s feeble fight to end redlining
Source: Housing Wire --- Redlining is a five-alarm word in the lexicon of American racism, but it really has a quite specific definition: The denying of credit in non-white, particularly Black neighborhoods. The federal government was for redlining before it was...
Should You Waive Contingencies To Win a Home? 4 Situations When It Might Be OK
Source: Realtor --- This is not an easy time for homebuyers. Simply put, housing inventory is at historic lows and home prices are at historic highs, resulting in one of the most competitive times to buy a house ever. This red-hot market has prompted many buyers to go...
How Skyrocketing Gas Prices Affect the Real Estate Market
Source: The Motley Fool --- Inflation's impact on energy costs was already being felt before the Russia-Ukraine conflict, but now new sanctions restricting the exportation of fuel are exacerbating the problem and causing gas prices to soar. While it may not seem like...
Condo Prices Jump to Record High as Buyers Seek Relative Affordability
Source: Redfin --- The typical U.S. condo sold for a record $319,000 in February, up 14.6% from a year earlier and 22.7% from two years earlier, just before the pandemic began. Condos are in demand partly because they’re a comparatively affordable option amid...
A decade’s difference: How the ordeal of buying a home in Nashville has changed
Source: Nashville Business Journals --- With rising prices, dwindling inventory and a seemingly endless supply of new arrivals, prospective homebuyers have reshaped the landscape of Music City’s housing market. Here's how the market has changed in the last decade. ...
What You Need To Know if You’re Thinking About Building a Home
Source: Keeping Current Matters --- If you’re ready to move up, you may be trying to decide whether you want to buy a home that’s already on the market or build a new one. And since the supply of homes available for sale today is low, you’re willing to consider either...
![[Generational Study] Who Can Afford the Median Home in the 100 Largest U.S. Counties?](https://a4r7a5v5.delivery.rocketcdn.me/wp-content/uploads/2022/03/generation-family-group-sunset.webp)
[Generational Study] Who Can Afford the Median Home in the 100 Largest U.S. Counties?
Source: Point 2 Homes --- Making resolutions and manifesting a better future is all the rage around this time of year. However, the goal of becoming a homeowner is more about cold, hard, financial facts than the ability to channel the universe’s benevolent energy. And...
3 Things Most People Don’t Know About Real Estate Investing
Source:Nasdaq --- any people are familiar with the concept of buying stocks. But real estate investing is a whole different world -- and one that a lot of folks have yet to dabble in. The reality, though, is that investing in real estate is a great way to diversify...
More awful news for homebuyers: Mortgage rates just made the biggest jump this century
Source: Fortune --- Historically low rates were nice while they lasted. In another hit to prospective homebuyers, the average 30-year fixed mortgage rate hit 4.42% this week, up 1.31 percentage points from three months ago, according to Freddie Mac. That's the largest...
Recent Posts
Texas Realtor Opens Garage Door and Falls Into a 5-Foot-Deep Hole- Ex-Massachusetts State Police Sergeant Receives Probation for Loan Fraud Ti…
- Florida’s Fraternal Order of Police Opposes Property Tax Amendment
- Paul Chung Joins SJP Properties as Head of Acquisitions
- NYC Median Asking Rent Hits New Record High
