Top Headlines
Multifamily Lending Down 49% in 2023
During 2023, 51% of the active lenders made five or fewer multifamily loans. Continue Reading Multifamily Lending Down 49% in 2023
The St. Joe Company Signs Two New Homebuilder Partnerships
St. Joe’s builder program now includes 19 builders. Continue Reading The St. Joe Company Signs Two New Homebuilder Partnerships
Jacksonville Housing Authority Deputy CFO Fired for Not Showing Up at Work
Greg Williams was fired roughly one month after he was promoted from comptroller. Continue Reading Jacksonville Housing Authority Deputy CFO Fired for Not Showing Up at Work
CoreLogic: 32.7 Million Homes Face Damage Risk in 2024 Atlantic Hurricane Season
The depth and scope of at-risk properties equates to a combined reconstruction cost of $10.8 trillion. Continue Reading CoreLogic: 32.7 Million Homes Face Damage Risk in 2024 Atlantic Hurricane Season
CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’
CFPB Director Rohit Chopra opined, “Junk fees and excessive closing costs can drain down payments and push up monthly mortgage costs.” Continue Reading CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’
Mortgage demand falls again even as rates sink further
Source: CNBC --- Lower mortgage rates are pulling some current homeowners back to the refinance market, but not enough to offset the drop in demand from homebuyers. Mortgage application volume fell 1.9% last week compared with the previous week, according to the...
OneTrust Home Loans: About HECM reverse mortgages
Source: The Sentinel-Record --- What is a HECM reverse mortgage? Home Equity Conversion Mortgages, also known as reverse mortgage loans, were created more than 25 years ago to help Americans age 62 and older convert a portion of their home equity into tax-free money....
Most Affordable Housing Market In America
Source: 24/7 Wall St --- The housing market’s days of increasing prices every month are over. A two-year period when home prices rose by 20% each month year over year has been undermined by high mortgage rates that have doubled to about 6%. Affordability, defined...
9 Most Common Benefits of Homeownership
When it comes to buying a home, there are numerous perks that you should consider—financial stability, financial strength, and tax deductions, to name a few. Also, owning a house means you have a permanent home and, most importantly, a sense of belonging in your...
Mortgage repayments weighing heavily on borrowers, research shows
Source: MPA Mag --- Almost half of people worry about their mortgage repayments, with a staggering 42% admitting they don’t have any savings to fall back on should they get into financial trouble, according to research by MetLife. The 12-page report carried out by...
What Is an FHA Loan? Your Guide to This Key Path to Homeownership
Source: Buy Side from WSJ --- If you’re struggling to buy your first home, an FHA mortgage could save the day. These loans, backed by the federal government, are designed to help would-be home buyers with low credit scores or who have trouble saving for big down...
Secrets Mortgage Lenders Don’t Want You to Know
Source: Yahoo! News --- There’s a good chance that your home will be the biggest purchase you make in your lifetime, which is why you’ll likely need a mortgage loan when it comes time to buy. And when it does, you surely want to work with a mortgage lender you can...
Reuters poll: U.S. house prices to fall 12% peak to trough – analysts
Source: Hellenic Shipping News --- A retreat in U.S. house prices will extend into next year, although the expected 12% peak-to-trough drop predicted by analysts polled by Reuters would be just about one-third as severe as the last market correction 15 years ago. Such...
Here’s how much US home prices will plunge in current market bubble
Source: New York Post --- US home prices will likely have to decline by as much as 20% over the course of a multi-year correction before the housing sector can get back on track with historical trends, a research firm warned this week. The most recent correction...
Fannie Mae, Freddie Mac to back mortgages over $1M
Source: Fox Business --- The Federal Housing Finance Agency (FHFA) announced new conforming loan limits for 2023, meaning homebuyers will now be able to get larger mortgages backed by Fannie Mae and Freddie Mac. After the FHFA’s third quarter House Price Index...
