Mortgage Industry News
Multifamily Developer Confidence Up Slightly During Q2
“Multifamily developer confidence and sentiment are showing slight signs of improvement when compared to this time last year,” said Debra Guerrero, chairman of NAHB’s Multifamily Council. Continue Reading Multifamily Developer Confidence Up Slightly During Q2
Mortgage Rates Decline to Lowest Level Since April
The 30-year fixed-rate mortgage averaged 6.63% as of Aug. 7, down from last week when it averaged 6.72%, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.47%. The 15-year fixed-rate...
Sluggish Refinance Activity Drives Down Mortgage Application Levels
The Refinance Index decreased 5% from the previous week, although it was 63% higher than the same week one year ago. Continue Reading Sluggish Refinance Activity Drives Down Mortgage Application Levels
Cornerstone Capital Bank in Joint Ventures with Texas, North Carolina Homebuilders
Cornerstone is now managing joint venture mortgage companies with 15 homebuilders nationwide. Continue Reading Cornerstone Capital Bank in Joint Ventures with Texas, North Carolina Homebuilders
Multiply Mortgage Raises $23.5 Million in Series A Funding
Multiple Mortgage’s services are available in 45 states and the District of Columbia. Continue Reading Multiply Mortgage Raises $23.5 Million in Series A Funding
Bay Area Could See More Affordable Housing – If the Public Funds it
A new study suggests that the Bay Area could see nearly 33,000 new affordable housing units in the near future. The research, conducted by Enterprise Community Partners and the Bay Area Housing Finance Authority, found that 395 affordable housing developments are...
Redfin: Rent Prices See Smallest Increase in 20 Months
Increasing supply and waning demand are putting downward pressure on rental prices, according to a new report from Redfin. The median U.S. asking rent rose 2.4% year over year to $1,942 in January, the smallest increase since May 2021 and the lowest level in nearly a...
Title Company Recognized for Uncovering Real Estate Fraud
Kevin Tacher, CEO of Independence Title, was recognized by former Broward County Mayor Michael Udine and Broward County Property Appraiser Marty Kair at a recent Parkland Chamber of Commerce meeting for his outstanding work in uncovering major real estate fraud...
How Much Down Payment Is Required for a House?
Source: Nerd Wallet --- Coming up with enough cash for a down payment to buy a house can be the single biggest roadblock for prospective home buyers. But how much of a down payment do you really need? That depends on the type of loan, your lender and your priorities....
Best mortgage lenders of February 2023
Source: Bankrate --- When you set out to get a mortgage, you’ll find many options, from well-known banks to online lenders. Here are Bankrate’s picks for the best mortgage lenders, including borrower requirements — so you know which you might qualify for — and loan...
eMortgage, CRM, Cybersecurity, Analytics, Compliance Tools; More Correspondents Exiting, Lender and Investor Updates
Source: Mortgage News Daily --- “Where can you always find money? In the dictionary.” Plenty of lenders and finding the money to buy other companies while smaller ones are looking for the right buyer. Eat or be eaten seems to be the name of the game as lenders hungry...
Homebuyer.com Ranks “Most Affordable Cities For First-Time Home Buyers” Using Real-Time Mortgage & Housing Data
Feb. 9, 2023 (Staff Writer)- Homebuyer.com, the mortgage company for first-time home buyers, ranks home affordability in more than 800 U.S. cities using real-time mortgage and housing market data. Using public and private data sources, Homebuyer.com performed...
Buyers are getting more for their money as home shopping season approaches
Feb. 9, 2023 (Staff Writer)- Home buyers' mortgage payments have started stretching a bit further in recent months, a new Zillow® analysis shows. As mortgage rates doubled last year, the home price afforded by a $3,000 payment1 plummeted from $865,000 in...
U.S. FORECLOSURE ACTIVITY CONTINUES TO INCREASE ANNUALLY FOR 21 CONSECUTIVE MONTHS
Feb. 9, 2023 (Staff Writer)- ATTOM, a leading curator of land, property, and real estate data, today released its January 2023 U.S. Foreclosure Market Report, which shows there were a total of 31,557 U.S. properties with foreclosure filings — default notices,...
How to shop for and compare mortgage offers
Source: Bankrate --- Before you choose a mortgage offer, it’s important to shop around and compare multiple offers to get the best deal. In fact, borrowers can save an average of $1,500 over the life of a mortgage by simply obtaining one additional quote. And those...
