Mortgage Industry News
Report: Fannie Mae Maintains Blacklist of Over 5,000 Condo Communities
Florida has more than 1,400 developments blacklisted, with California, Colorado, Hawaii and Texas rounding out the top five states. Continue Reading Report: Fannie Mae Maintains Blacklist of Over 5,000 Condo Communities
5 Consent Orders Tied to Unregistered British Columbia Mortgage Broker
Four real estate licensees and one mortgage broker recently entered into consent orders with disciplinary action. Continue Reading 5 Consent Orders Tied to Unregistered British Columbia Mortgage Broker
Mortgage Rates Soar for Fifth Consecutive Week
The 30-year fixed-rate mortgage averaged 7.22% as of May 2. Continue Reading Mortgage Rates Soar for Fifth Consecutive Week
Mortgage Demand Slumps Again
The Refinance Index was down by 3% from the previous week and was down 1% lower than the same week one year ago. Continue Reading Mortgage Demand Slumps Again
Builders Angry Over Biden’s Energy Standards Changes
“This senseless nationwide codes mandate will significantly raise housing costs,” said NAHB Chairman Carl Harris. Continue Reading Builders Angry Over Biden’s Energy Standards Changes
Current mortgage rates for Oct. 19, 2021: Rates cool off
Source: CNET --- Today a number of important mortgage rates declined. Let's see how that could affect your home loan payments. A few closely followed mortgage rates fell today. Average 15-year fixed mortgage rates climbed, while average 30-year fixed mortgage rates...
What happened when the SBA ran out of small-business real estate loan money
Source: North Bay Business Journal --- For the first time in its history, the U.S. Small Business Administration ran out of money to lend for real estate and equipment acquisitions. The funds in the 504 program were exhausted as of Sept. 7 for the 2020–2021 fiscal...
Zillow takes a break from flipping houses
Source: LA Times --- Zillow Group Inc. is taking a break from buying U.S. homes after the online real estate giant’s pivot into tech-powered house flipping hit a snag. Zillow, which acquired more than 3,800 homes in the second quarter, will stop pursuing new home...
Reverse Mortgage Refinances Remain Near 50% of Volume in August
Source: Reverse Mortgage Daily --- Home Equity Conversion Mortgage (HECM)-to-HECM refinances remained at nearly 50% of total reverse mortgage industry endorsement volume in September 2021, according to the newest HECM Endorsement Analytics report published late last...
Can You Negotiate Real Estate Agent Fees?
Source: Motley Fool --- The quick answer? Yes. But it's not that simple. If you're gearing up to sell your home, you may not want to go it alone. Listing and marketing a home can be time consuming, and there are complexities in negotiating with buyers. That's why so...
Mortgage rates top 3% again — and this time they’re not likely to go back down
Source: Yahoo Finance --- Mortgage rates, which recently dipped below 3% again — delighting home shoppers and homeowners looking to save on a refinance — have surged back above that line, according to a long-running and closely followed survey. The increase is...
Should you refinance your mortgage now? Consider these factors
Source: The Seattle Times --- The Federal Reserve recently announced that it plans in the next few months to hike interest rates and ease up on buying bonds, measures it put in place to prop up the economy during the pandemic. That could mean that the days of...
Major Mortgage Lender Scraps Plan to Accept Bitcoin
Source: Motley Fool --- Sorry, you can't pay your home loan with Bitcoin just yet. There are a lot of questions surrounding even the best cryptocurrencies like Bitcoin. Are they a viable long-term investment? Or will they crash and burn? And will they become a widely...
Helpful tips for homebuyers in seller’s market
Source: Washington Blade --- Without question, 2021 was a great year for home sales. Sellers across the country, in many cases, found themselves listing their homes and quickly having not just one, but multiple offers, many of which were at asking price or above. With...
Should You Waive a Home Inspection in a Hot Real Estate Market?
Source: AARP --- Mary O’Grady’s real estate agent had some disconcerting advice when she was looking to buy a house last year. “She said, ‘If you don’t waive an inspection, your bid probably won’t even get considered,’ ” recalls O’Grady, 67, from Rochester, New York....
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