Foreclosures | Mortgages | Financing
By jgaffney@housingwire.com The Federal Housing Finance Agency, conservator to Fannie Mae and Freddie Mac released the third-quarter “Foreclosure Prevention Report” showing that efforts to do just that reversed trend. Get ready for some staggering data. …read more
From:: Real Estate Wire
Mortgage applications once again posted little change, rising 1.1% for the week ended Dec. 11. Similarly, mortgage rates barely moved, with the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) staying frozen at 4.1%. …read more
From:: Real Estate Wire
Predicting what comes after an interest rate change may seem like a high-stakes guessing game, but mortgage lenders using Alight’s dynamic analysis can get critical visibility into their breakeven point and know what funding levels they need to maintain profitability. These executives can also forecast general and administrative expenses and branch profitability with every change. …read more
From:: Real Estate Wire
The more the industry gets accustomed to digital mortgages, the more areas it will need to expand into. After largely achieving compliance with TRID this year, lenders are pivoting to focus on customer centricity. Here are the challenges the industry faces and the next steps to compete in the digital world.
From:: Real Estate Wire
Appraisal volume continued to struggle to recover from the loss it witnessed due to Thanksgiving. And with a looming rate hike ahead, the future of appraisal volume is in question. …read more
From:: Real Estate Wire
By swheeler@housingwire.com The Consumer Financial Protection Bureau, which has sharpened its enforcement of marketing services agreements this year, may be expanding its definition of a kickback to include any type of referral, according to a report from Barclays. …read more
From:: Real Estate Wire
By jgaffney@housingwire.com One economist says the price of mortgages could go up by double digits and potential homeowners need to move quickly to take advantage of favorable rates today. Do you agree with him? …read more
From:: Real Estate Wire
Lead singer of Mötley Crüe Vince Neil is finally about to close on his home in Danville, California that he has tried to sell since October 2012, although he hasn’t even lived there for the past five years. Interestingly enough, this same house recently came up as one of the homes in California wasting water. …read more
From:: Real Estate Wire
By jgaffney@housingwire.com The proposed rule would require the Enterprises to adopt plans to improve the distribution and availability of mortgage financing in a safe and sound manner for residential properties that serve very low-, low-, and moderate-income families. …read more
From:: Real Estate Wire
By jgaffney@housingwire.com The State Supreme Court in California recently put a stop on a building project meant to offer a new, suburban community outside of Los Angeles. The reason? The development isn’t green enough. Yes, urban sprawl drives climate change, the justices ruled. …read more
From:: Real Estate Wire