Mortgage Industry News
HUD Secretary Turner: 50-Year Mortgage Plan Needs More Research
Housing and Urban Development (HUD) Secretary Scott Turner declined to endorse President Trump’s proposal of a 50-year mortgage plan to help reanimate the housing market, stating the idea needed to be studied further before being put forth as a solution to the...
Freddie Mac’s Christmas Gift: Mortgage Rates Continue to Decline
The 30-year fixed-rate mortgage averaged 6.18% as of Dec. 24, down from last week when it averaged 6.21%. Continue Reading Freddie Mac’s Christmas Gift: Mortgage Rates Continue to Decline
Report: 3 Trump Cabinet Members Have 2 Mortgaged Properties with Both Claimed as Primary Residences
“This is just another hit piece from a left-wing dark money group that constantly attempts to smear President Trump’s incredible Cabinet members,” said a White House spokesperson. Continue Reading Report: 3 Trump Cabinet Members Have 2 Mortgaged Properties with Both Claimed as Primary Residences
Multifamily Mortgage Lending Up 17%
More than half (53%) of the active lenders made five or fewer multifamily loans over the course of the year. Continue Reading Multifamily Mortgage Lending Up 17%
Mortgage Rates Continue to Fall
“As rates continue to drop, the number of homeowners who have the opportunity to refinance is expanding,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Continue to Fall
Equifax Adds More Monthly Payments to Consumer Credit Files
Equifax is now offering additional insight into consumer credit by including certain telecommunications (telco), pay TV and utilities attributes available to the mortgage industry. The company says this will help create greater home ownership opportunities for more...
Credit Union Documentary Racks up Festival Wins
A documentary film produced by the digital media division of PenFed Credit Union, the nation's second-largest federal credit union, has been winning awards on the film festival circuit. The documentary short film "The Shot" has won numerous awards and screened for...
S&P Corelogic Case-Shiller Index Declined Again in December
Home price gains continued to drop across the United States according to the latest results for the S&P CoreLogic Case-Shiller Indices. Before seasonal adjustment, the U.S. National Index posted a -0.8% month-over-month decrease in December, while the 10-City and...
What is an independent broker? Pros and cons
Source: Inman --- For real estate agents who are looking for a chance to take their professional life to the next level, pursuing the role of real estate broker is a natural step. While part of the pursuit of this goal involves additional education and training, it...
Pending Home Sales Improved for Second Consecutive Month, Up 8.1% from December 2022
Pending home sales improved in January for the second consecutive month, according to the National Association of Realtors. All four U.S. regions posted monthly gains but saw year-over-year drops in transactions. The Pending Home Sales Index (PHSI) — a...
Homes owned by Black households appreciated the fastest during the pandemic
Homes owned by Black families appreciated more than any others since the start of the pandemic, with the typical Black homeowner gaining nearly $84,000 in equity. Black Americans also made slight gains in homeownership rates, despite disproportionate job and income...
Are iBuyers good or bad for the real estate ecosystem
iBuyers, short for "instant buyers," are companies that use technology and data analysis to make fast cash offers on homes, usually at a discount. The concept of iBuyers first emerged in the early 2010s as a response to the traditional home selling process, which can...
Here’s What Happens When You Can’t Make Your Mortgage Payment
Source: The Ascent --- It's been a very difficult time to be an ordinary American homeowner as of late. If you bought a home in the last few years, you might be grappling with higher housing payments due to elevated home values. They climbed in the last three years...
Should I Refinance My Mortgage?
Source: Buy Side from WSJ--- For most people, the prime reason to refinance a mortgage is to lower their interest rate and monthly payments. So, when mortgage rates dipped to record low levels early in the coronavirus pandemic, refinancing activity soared. Right now,...
This is why you need a mortgage pre-approval before shopping for a home
Source: CNBC --- If you’re ready to begin your home shopping journey, make sure you get a mortgage pre-approval first. A mortgage pre-approval letter is an essential step in the homebuying process. Without pre-approval, it might be difficult to determine your budget....
Recent Posts
Hits and Misses for the Real Estate Week of Aug. 31-Sept. 4- 2 California Real Estate Investment Executives Charged with Running a Ponzi…
- Trump Tells Fed to Cut Rates or He’ll Cease Trade with Some Countries
- Bamboo Insurance Debuts Texas Essential Homeowner Program
- FHFA’s Pulte: ‘We Are Seriously Considering Bi-Merge’
