Mortgage Industry News
FHFA’s Pulte Debuts New Ad for ‘Great American Mortgage Corporation’
The advertisement touts President Trump as a leader “who stands by us and the basic principle that all Americans deserve to dream and dream big.” Continue Reading FHFA’s Pulte Debuts New Ad for ‘Great American Mortgage Corporation’
RE/MAX Holdings Recruits Vic Lombardo as President of Mortgage Services
Lombardo was previously chief operating officer at Guaranteed Rate Affinity. Continue Reading RE/MAX Holdings Recruits Vic Lombardo as President of Mortgage Services
Mortgage Application Activity Surges by 20%
The Refinance Index increased 35% from the previous week – the highest level in six months. Continue Reading Mortgage Application Activity Surges by 20%
United Wholesale Mortgage in AI Partnership with Google Cloud
UWM will integrate Google Cloud AI and machine learning tools into its lending platform. Continue Reading United Wholesale Mortgage in AI Partnership with Google Cloud
Start-Up to Offer Continuing Education and Training for Mortgage Professionals
Next Level Education was co-founded by longtime mortgage industry professionals JR Huber and Debbie Gadberry. Continue Reading Start-Up to Offer Continuing Education and Training for Mortgage Professionals
U.S. home sales post 12th straight monthly decline; house price inflation cools
Source: CNBC --- U.S. existing home sales dropped to the lowest level in more than 12 years in January, but the pace of decline slowed, raising cautious optimism that the housing market slump could be close to reaching a bottom. The report from the National...
MORTGAGE OPTIONS AND PROGRAMS FOR FIRST-TIME HOMEBUYERS
Source: RisMedia --- When you are about to enter the housing market for the first time, the money you are about to spend could be daunting. Many expenses are involved when buying a home, but you might find some payment assistance available. There are mortgage programs...
Zombie Foreclosures continue to increase across the nation
ATTOM, a curator of land, property, and real estate data, released its first-quarter 2023 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,284,048) residential properties in the United States sit vacant. That figure represents 1.3 percent, or...
New Home Pending Sales Dip 5.8% But the Spring Selling Season Signals Sales
Zonda, an advisor in the housing industry, released the New Home Market Update report for January 2023. So far, most builders report a stronger than expected start to the year. There are pockets of outperformance where some communities are exceeding sales seen...
Curbio Launches Mobile App, Promises to Provide Pre-Listing Home Improvement Estimates.
Curbio, Inc., a pay-at-closing home improvement tool for the real estate industry, announced the launch of its new mobile app. The app allows real estate agents and home sellers to get estimates for pre-listing home improvement costs and projected ROI. Agents and...
Churchill Mortgage Lender Review 2023
Source: Forbes Advisor --- What Churchill Mortgage Offers Churchill Mortgage Company operates in 49 states and offers a handful of different mortgage products that tend to be the more popular loan products. It’s not licensed in New York or Washington D.C. Churchill...
What Is a Reverse Mortgage & What Does It Mean to Me?
Source: The Street --- A reverse mortgage is an increasingly attractive proposition for older Americans who may be low on cash, need to supplement retirement income, and want to use their home equity to remain in the house they own. What Is a Reverse Mortgage? Reverse...
HUD Announces 30bps decrease in Mortgage Insurance Premium (MIP) for FHA Loans
The U.S. Department of Housing & Urban Development (HUD), through the Federal Housing Administration (FHA), has announced a 30-basis-point reduction to the annual mortgage insurance premiums (annual MIP) charged to homebuyers who obtain an FHA-insured mortgage....
‘Signs of resilience’: Mortgage demand plummets to lowest 2023 level as rates rise for second week — but experts predict cooling rental prices will eventually bring rates below 6%
Source: Yahoo! --- U.S. mortgage rates have inched up for the second week in a row, following reports that the economy added a staggering 517,000 jobs and inflation climbed 0.5% in January. “At this rate, Americans need to put at least 18% down on the purchase of a...
Ask These 4 Questions to Save Money on a Home Purchase
Source: The Ascent --- Buying and owning a home is likely to be one of the most expensive money moves you'll ever make. Not only will you have upfront costs (such as a down payment to secure a mortgage loan), but you'll also be responsible for ongoing expenses like...
