Top Headlines
Judge Blocks Foreclosure Auction of Elvis Presley’s Graceland
The Presley family said the company planning the auction has no claim to the property. Continue Reading Judge Blocks Foreclosure Auction of Elvis Presley’s Graceland
VA to Publish Circular Addressing Buyer Commission Policy
The circular is planned to be issued by June 12. Continue Reading VA to Publish Circular Addressing Buyer Commission Policy
Biden’s State of the Union Speech to Avoid Housing and Commercial Real Estate Challenges
The Biden agenda proposes increasing the corporate tax rate to 28% and the corporate minimum tax to 21%. Continue Reading Biden’s State of the Union Speech to Avoid Housing and Commercial Real Estate Challenges
Appeals Court Restores ‘Mansion Tax’ Referendum to Chicago Ballot
Properties sold for $1.5 million or more would be forced to pay a 3% transfer tax, which is four times the current rate. Continue Reading Appeals Court Restores ‘Mansion Tax’ Referendum to Chicago Ballot
Fannie Mae Upgrades Data Validation Capabilities in Desktop Underwriter
“We are removing a hurdle from the loan application process,” said Cyndi Danko, senior vice president and single-family chief credit officer. Continue Reading Fannie Mae Upgrades Data Validation Capabilities in Desktop Underwriter
Mortgage delinquencies continued to improve in November
Source: Housing Wire --- The delinquency landscape continues to improve on a monthly basis, with the total delinquency rate in the nation falling to 3.59% in November, according to Black Knight’s November mortgage monitor published this week. In October, the analytics...
5 tech trends that will move mortgages and housing in 2022
Source: Bankrate --- In the Amazon age, consumers are more pampered – and less patient – than ever. Tap your phone and, voilà – hot food from your favorite restaurant arrives in minutes. High-end electronics appear on your doorstep in hours. However,...
Non-Profit Bidders Successfully Purchase More Than 800 Mortgage Notes Through HUD-Held Vacant Loan Sale
Source: My ChesCo --- WASHINGTON, D.C. — The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced that 23 mission-driven non-profit organizations recently participated – and 11 were awarded pools – in its December 1, 2021, competitive bid...
Lending Platform Ledn Launching Bitcoin-Backed Mortgage Product, Raises $70 Million
Source: News Bitcoin --- Bitcoin-Backed Mortgage — ‘The First Product of Its Kind to Hit the Market’ Ledn announced Wednesday “the impending launch of a bitcoin-backed mortgage product,” which the company says is “the first product of its kind to hit the market.” The...
Omicron Variant Hits the Luxury Real Estate Market
Source: Realtor --- The recent volatility in the stock market and cryptocurrencies, fueled by anxiety over the omicron variant, has some would-be homebuyers pressing pause on pricey real estate purchases. That’s been the case for New York native Neil Kapoor, 36, who...
What You Should Know About Mortgage Prepayment Penalties
Source: Forbes --- Purchasing a real estate property through a mortgage is a substantial financial commitment and thus, the underlying terms and conditions should not be ignored. The property buying process includes contractual agreements that may indicate mortgage...
Housing starts and permits ruin Christmas for housing bears
Source: Housing Wire --- Today, the U.S. Census Bureau reported that housing starts came in as a beat at 1,679,000 for November. The more critical number of housing permits came in 1,712,000, a solid uptick from last month, and we saw slightly positive revisions to...
What More First-Time Buyers Are Planning To Do To Become Homeowners
Source: Realtor --- First-time homebuyers are getting fed up with losing bidding wars—and many are taking steps to become more competitive in this cutthroat housing market, whatever it takes. Instead of giving up, more aspiring homeowners, who have been steadily...
Refi interest is down 41% from last year
Source: Housing Wire --- Mortgage applications fell 4% for the week ending Dec. 10, large part because fewer borrowers are looking to refi their exiting mortgages, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The decrease was...
Here’s Where Home Prices Are Headed in 2022, According To Experts
Source: Yahoo--- No doubt about it — the real estate market has been white hot in 2021. But if you didn’t make a move this year, and you’re thinking about buying or selling — or both — next year, you’ll want to know what to expect. As of Nov. 10, the 30-year fixed...
