Mortgage Industry News
Mortgage Credit Availability at Highest Level in a Year
“Mortgage credit availability in February increased for the third consecutive month,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability at Highest Level in a Year
Tomo Mortgage Closes $20 Million Series B Funding Round
The company plans to move its headquarters from Stamford, Connecticut, to New York City. Continue Reading Tomo Mortgage Closes $20 Million Series B Funding Round
Portfolio+ Launches Reverse Mortgage Product
The Portfolio+ platform is designed to cover all stages from origination to funding. Continue Reading Portfolio+ Launches Reverse Mortgage Product
Mortgage Application Activity Rises Again
The seasonally adjusted Purchase Index increased 5% from one week earlier and the unadjusted index was up by 6%. Continue Reading Mortgage Application Activity Rises Again
New Home Purchase Mortgage Applications Up 6.2%
The average loan size for new homes was $405,400 in March. Continue Reading New Home Purchase Mortgage Applications Up 6.2%
How do we make more affordable housing?
Source: MPR News --- The pandemic pushed the U.S. housing market into a frenzy, with the demand for housing far outpacing the number of homes on the market. The market cooled off a bit in July. But the cost of the average home has been on an upward climb for a while...
Venezuelan Buys Apartment Using Tether as Real Estate Market Warms Up to Crypto
Source: News.Bitcoin --- A Venezuelan individual has reportedly purchased an apartment using cryptocurrency, specifically Tether, in the coastal state of Anzoategui last month. This is one of the first purchases of real estate with crypto that has been recorded in the...
Life Sciences Real Estate is Going Viral – What Lenders Need to Know
Source: JDSupra --- While traditional office and retail properties have come under pressure from work-from-home and social distancing measures imposed during the COVID-19 pandemic, life sciences real estate has thrived. Moreover, given an aging population and a...
John G. Stevens Honored With The “Top 100 Global Leaders in Finance” Award At GCIF Las Vegas, 2021
Source: GCIF --- Las Vegas, Nevada — July 3, 2021 — John G. Stevens was honored with the prestigious “Top 100 Global Leaders in Finance” award for his significant and tangible contributions towards the finance industry at the inaugural edition of GCIF — Global...
7 Tips For Refinancing Your Mortgage ASAP
Source: MSN...As mortgage rates remain low, refinancing your mortgage can be a good way to reduce your monthly expenses or accelerate your savings. With current rates near the all-time low, refinancing your home loan now can help you save thousands over the course of...
The Housing Market Forecast for the Rest of 2021, According To Realtors
Source: Go Banking Rates --- It’s no secret that the COVID-19 pandemic has turned the real estate market into a wild domain. If you’re looking to buy or sell a home, you’re likely eager to know how long this will last. In June 2021, home prices across the U.S. surged...
You can’t afford to make this mortgage mistake in this hot real estate market
Source: Detroit Free Press --- The real estate market today is definitely not the most favorable one for borrowers. There's a serious shortage of homes available for sale, and housing prices have repeatedly hit new recent highs in most parts of the country. Many...
REAL ESTATE MATTERS: Homeowner has questions about selling to neighboring business
Source: Herald-Tribune --- Q: Our neighbor sold his home to the commercial business that borders his property. He sold it after they approached him with an unsolicited offer. The neighbor was told the business wanted to remodel/redevelop the property and wanted “green...
8 tips for millennial homebuyers
Source: MSN --- Tips and tricks for buying a new house Preparing to buy your first home is a thrilling time. Dreaming up all the new furniture, routines and life you’ll live inside those four walls is exciting. And it appears that a portion of the millennial...
Tips & Insights from Opendoor Real Estate Expert
Source: ABC Action News --- In the hottest real estate market in a generation, the national inventory of active listings declined by more than 50 percent over last year, creating both challenges and opportunities for buyers and sellers. With homes flying off the...
