Top Headlines
NAMB and NAMMBA Team to Support Diversity in Mortgage Industry
“NAMB is committed to fostering a diverse and inclusive mortgage industry and homebuyers,” said NAMB President Valerie Saunders. Continue Reading NAMB and NAMMBA Team to Support Diversity in Mortgage Industry
Report: Community Bank Earnings to Drop By 12% Year-Over-Year
The report opined that community bank earnings will improve in 2025. Continue Reading Report: Community Bank Earnings to Drop By 12% Year-Over-Year
Hedge Fund-Backed News Site Coordinates Lawsuit Against United Wholesale Mortgage
While Hunterbrook shorted UWM, it simultaneously took a long position on its biggest competitor, Rocket Companies Inc. Continue Reading Hedge Fund-Backed News Site Coordinates Lawsuit Against United Wholesale Mortgage
Compass Expands Into Gulf South Markets with Acquisition of Latter & Blum
The financial terms of the transaction were not disclosed. Continue Reading Compass Expands Into Gulf South Markets with Acquisition of Latter & Blum
Isorys Dilone Becomes Chief Legal and Compliance Officer at Valet Living
Dilone joined Valet Living in 2018 and was previously executive vice president, general counsel and compliance. Continue Reading Isorys Dilone Becomes Chief Legal and Compliance Officer at Valet Living
Mortgage Rates Are a Bit Higher (And Way Lower) Than You’ve Been Told
Source: Mortgage News Daily --- It's hard to avoid bad news about rising mortgage rates in 2022, but you can't believe everything you read. It is true that mortgage rates have been surging higher in 2022. A previous article (read it here) goes into greater detail...
U.S. Property Foreclosures Spike 132 Percent Annually
Source: World Property Journal --- Foreclosures increase in all 50 States in early 2022 According to ATTOM's newly released Q1 2022 U.S. Foreclosure Market Report, there were 78,271 U.S. properties with a foreclosure filing during the first quarter of 2022, up 39...
What home prices will look like in 2023, according to Zillow’s revised downward forecast
Source: Fortune --- There's no doubt about it: Soaring mortgage rates are an economic shock to the U.S. housing market. Over the past month alone, the average 30-year fixed mortgage rate has spiked from 3.11% to 5.11%. It's both pricing out some stretched homebuyers...
Mortgage rates just hit a 12-year high
Source: CNN--- Mortgage rates continued to rise this week, reaching their highest level in more than a decade. The 30-year fixed-rate mortgage averaged 5.11% in the week ending April 21, up from 5% the week before, according to Freddie Mac. It is the seventh...
Relax and Recharge in Your Mental Hobby Shop
Most people have a place they go to or an activity they engage in that helps them move into peacefulness, serenity, and resolve. They can spend time happily away from exterior societal pressures. I refer to that state of being as their "Mental Hobby Shop," which will...
Why This Housing Market Is Not a Bubble Ready To Pop
Source: Keeping Current Matters --- Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the...
Liens and Encumbrances Affecting Real Property Ownership
By Dan Harkey Real Estate & Private Money Finance Consultant m: 949 533-8315 | e: [email protected] What is a Lien? A lien is a legal right or claim against real property, referred to as a security interest. The lien is given or conveyed to a creditor (lender)...
Homeownership by Education: Degree-Holding Owners Surge as Those Without High School Drop 30%
Source: Housing Wire --- Although there are 4% fewer owned homes in the United States than there were in 2010, an increasing share belongs to highly educated people. And, with Millennials cementing their status as a driving force during the last decade, the life...
Nearly One-Third of Homeowners Have a Mortgage Rate Far Below Today’s Level, Prompting Some to Stay Put
Source: Redfin --- About half (51%) of U.S. homeowners with mortgages have a mortgage rate under 4%—substantially below today’s level of 5%. About one-third (32%) of all homeowners—including those without mortgages—have a mortgage rate under 4%. With rates now at...
FHA adds 40-year loan term to COVID-19 arsenal
Source: Housing Wire --- The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to...
