Real Estate Agent Tools
Rating Agencies Should Rate Foreclosure Timelines
Source: Forbes --- When Wall Street turns real estate mortgages into commercial mortgage-backed securities, those securities must first be given a rating. To do that, rating agencies scrutinize an exhaustive list of data points for each loan included in the...
Why lenders should build a referral-based business
Source: Housing Wire --- HousingWire recently spoke with John G. Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them...
Prefab Housing Provider Connect Homes to Open Arizona Factory
The factory will be capable of manufacturing up to 5,000 square feet of housing per week. Continue Reading Prefab Housing Provider Connect Homes to Open Arizona Factory
Profit Margins on Home Sales Up During Q3
This represented the second straight quarterly increase following several declines. Continue Reading Profit Margins on Home Sales Up During Q3
MBA Forecasts 46% Decline in Commercial and Multifamily Mortgage Activity for 2023
“The logjam in the commercial real estate markets that began last summer has remained firmly in place,” said MBA’s Jamie Woodwell. Continue Reading MBA Forecasts 46% Decline in Commercial and Multifamily Mortgage Activity for 2023
How Will Another Rate Hike Impact Canadian Mortgage Holders?
Among the changes being weighed are starting an additional job (17%), extending their amortization (16%) and selling their home (9%). Continue Reading How Will Another Rate Hike Impact Canadian Mortgage Holders?
Ameris Bank in $9 Million Settlement Over Redlining Charges
“We strongly disagree with any suggestion that we have engaged in discriminatory conduct,” said Palmer Proctor, CEO of Ameris. Continue Reading Ameris Bank in $9 Million Settlement Over Redlining Charges
Mortgage Rates Surge Higher (Again)
“Mortgage rates continued to approach 8% this week, further impacting affordability,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Surge Higher (Again)
Pennsylvania Home Sales Down 21% Year-Over-Year
The median home sale price decreased for the third month in a row, down 3% from August to $216,249 in September. Continue Reading Pennsylvania Home Sales Down 21% Year-Over-Year
Florida Home Sales and Prices Begin to Stabilize
In September, the statewide median sales price for single-family existing homes was $409,243. Continue Reading Florida Home Sales and Prices Begin to Stabilize
Builder Confidence Grows Increasingly Pessimistic
“Builders have reported lower levels of buyer traffic,” said NAHB Chairman Alicia Huey, Continue Reading Builder Confidence Grows Increasingly Pessimistic
Existing Homes Sales Down During September
First-time buyers were responsible for 27% of sales in September, down from 29% in the prior month and one year earlier. Continue Reading Existing Homes Sales Down During September
