Mortgage Industry News
Mortgage Application Activity and Forbearance Levels on the Rise
“Approximately 65,000 more borrowers are in forbearance compared to one month ago,” said MBA’s Marina Walsh. Continue Reading Mortgage Application Activity and Forbearance Levels on the Rise
Mortgage Rates Hold Steady After Climbing for 6 Weeks
The 30-year fixed-rate mortgage averaged 6.78% as of Nov. 14. Continue Reading Mortgage Rates Hold Steady After Climbing for 6 Weeks
Household Debt Reached $17.5 Trillion in Q4 2023
Mortgage balances rose by $112 billion from the previous quarter and stood at $12.25 trillion at the end of December. Continue Reading Household Debt Reached $17.5 Trillion in Q4 2023
Fairway Independent Mortgage to Shut Down Wholesale Division
The final lock date on new loans is scheduled for Feb. 9 and the last day to submit new loans is Feb. 16. Continue Reading Fairway Independent Mortgage to Shut Down Wholesale Division
Tammac Holdings Corp. Expands Into Michigan and Alabama
The company can now offer manufactured and mobile home loans in the two states. Continue Reading Tammac Holdings Corp. Expands Into Michigan and Alabama
Six steps to building a great real estate sales system
Source: Forbes --- I've always said that anyone can achieve business success, but only if they build the right systems. What are systems? At their core, systems are anything designed to make your life or work easier. When you build great systems, you're able to spend...
Prices may be higher, but mortgage rates are at a new low!
Source: SRE.com --- Have you seen the new rates that can't be beat? Work with an SRE Professional Expert today! Here's how to get matched with an agent in your area.
10 Million Seniors Still Make Forward Mortgage Payments, Here’s Where They Are
Source: Reverse Mortgage Daily --- Across the United States, nearly 10 million homeowners are still making forward mortgage payments who are at least 65 years old or higher. While it’s unlikely that all of those homeowners would be approved for a product like a...
Stronger real estate agent connections will be the key to lending success in 2022 – Here’s why
Source: Housing Wire --- If you make your living by originating new mortgage loans, I don’t have to tell you that the business is changing. You probably already know that the MBA’s latest mortgage forecast puts the purchase money at 75% of all loan volume. You’re...
Credit union offers advice for homebuyers in challenging, ‘red-hot’ market
Source: KTVZ --- As prospective homebuyers in Oregon and Southwest Washington continue to face fierce competition for fewer and increasingly expensive homes, OnPoint Community Credit Union offers tips on how to successfully purchase a home in this red-hot market....
REAL ESTATE Mortgage rates rise to an 8-month high, tanking refinance demand
Source: CNBC --- Mortgage rates have been on a tear this month, rising yet again last week to the highest level in eight months, according to the Mortgage Bankers Association. That caused mixed demand for mortgages last week, resulting in no change from the week...
Could Homeownership Derail the Rental Market In Secondary Cities?
Source: Globe Street --- During the pandemic, people fled the urban core for secondary metros across the country. The great relocation, as some have called it, wasn’t necessarily a new trend; people had been slowly leaving big cities in favor of affordability in...
Unfair Mortgage Practices In Tampa Targeted By Justice Officials
Source: Patch --- A new effort to combat redlining, an illegal practice in which lenders deny loans to people based on their race or nationality, has launched in Tampa. The U.S. Justice Department's new Combating Redlining Initiative, announced Friday, represents the...
Dogecoin ($DOGE) Can Now Be Used for Buying Ownership Shares in Second Homes
Source: Crypto Globe --- Recently, San Francisco-based startup Pacaso announced that it is now possible to pay with crypto — including Dogecoin ($DOGE) — for shares in single-family homes in some of the top second home destinations in the U.S. As...
What are the Updates on Tenancy law for Family-only Residential Buildings in the UAE?
Source: Lexology --- Pursuant to Law Number 2 of 2007 on Regulations of Landlord-Tenant Relationship in Sharjah and its amendments, low-income bachelors or labourers are not allowed to live in certain residential neighbourhoods which have been specially demarcated for...
