Top Headlines
Ex-Baltimore Prosecutor Avoids Prison in Sentencing for Mortgage Fraud
Marilyn Mosby is seeking a presidential pardon. Continue Reading Ex-Baltimore Prosecutor Avoids Prison in Sentencing for Mortgage Fraud
Two Regional Florida Realtor Groups to Merge
the combined organization will encompass more than 24,000 members. Continue Reading Two Regional Florida Realtor Groups to Merge
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
Church of Jesus Christ of Latter-day Saints Acquires Historic Kirtland Temple
“We are deeply honored to assume the stewardship of these sacred places, documents, and artifacts,” said Russell M. Nelson, president of the Church of Jesus Christ of Latter-day Saints. Continue Reading Church of Jesus Christ of Latter-day Saints Acquires Historic Kirtland Temple
HUD Allocates $10 Million in Grants to Housing Counseling Agencies
HUD said the funds will be used “to increase homeownership rates among historically underserved communities.” Continue Reading HUD Allocates $10 Million in Grants to Housing Counseling Agencies
Domestic Sawmill Output Continues to Lag Home Construction
Source: NAHB Now --- With an historically low level of overall housing inventory and solid demand because of low mortgage interest rates and favorable demographics, new construction has been unable to add needed supply to the market because domestic production from...
Higher rates coming for high-balance and second home loans
Source: The Mortgage Reports --- The Federal Housing Finance Agency announced it will increase fees on certain home loans starting Apr. 1, 2022. These new upfront fees will affect high–balance and second home mortgages sold to Fannie Mae and Freddie Mac. And, as is...
Mortgage Rates Hit Highest Levels Since Spring 2020
Source: The Wall Street Journal --- U.S. mortgage rates this week rose to their highest levels since May 2020, driving up the costs associated with home buying at a time when home-sales prices are already near record highs. The average rate for a 30-year fixed-rate...
Housing Market Update: Homebuyers Face Record Supply Shortage Heading into 2022
Source: Redfin --- The housing market started off the new year with fewer homes for sale than ever before, as active listings fell 27% from a year earlier. The number of newly-listed homes for sale fell 10%, but anecdotes from Redfin agents suggest that listings may...
Planning a Real Estate Play In 2022? Farmland May Be Your Best Long-Term Bet
Source: MoneyWise --- If you’re a commercial real estate investor, you’re already familiar with the sector’s appeal: Steady income, relatively low maintenance and long-term leases that cut down on the risk of vacancies. But you also know that now is not necessarily an...
Mortgage applications decrease over last week of 2021
Source: MPA --- Mortgage applications decreased over the last week of 2021, according to recent data from the Mortgage Bankers Association (MBA). MBA’s latest weekly mortgage applications survey revealed that mortgage applications for the week ending December 31,...
Real estate market in 2022 will ‘remain very strong,’ expert says
Source: Fox Business --- Compass Executive Vice President Mike Aubrey argued on Wednesday that 2022 will still experience a "really good real estate market," but acknowledged that the "frenzy of 2021" likely won't happen again. Aubrey stressed, however, that the...
Demand For Vacation Homes Up 77% From Pre-Pandemic in December
Source: Redfin --- Demand for vacation homes was up 77% from pre-pandemic levels in December. That’s slightly below the 80% increase in November and the record 92% gain in January, but up significantly from the 2021 low hit in August.
Biggest Portland real estate bidding wars of 2021: Homes that sold up to $605,000 over asking price
Source: The Oregonian/OregonLive--- Last year was a head spinner for home shoppers. The desire to take advantage of historic low mortgage interest rates and move to a larger place to work and staycation during the coronavirus pandemic was dashed for some...
The Absolute Cheapest State to Buy A House Is…
Source: Apartment Therapy --- When you’re buying a new home, it’s all about location, location, location. Based on where you decide to live, you may have lower home costs, but pay more in utilities. Or, you could pay a higher mortgage but your property taxes will...














