The economy added 211,000 new jobs in November exceeding analysts’ expectations. As a result, mortgage rates to started to increase and edged closer to 4%. …read more
From:: Real Estate Wire
Here’s the current status of the top three housing markets
Although the buyer traffic index did improve, it is still below agent expectations as persistent issues with short supply of quality inventory and buyer resistance to higher prices remain significant concerns. This is the latest update on the top markets in the nation based on single-family building permits. …read more
From:: Real Estate Wire
Leader of massive mortgage modification fraud scheme gets 18 years
One of the “ringleaders” of a massive mortgage fraud scheme will spend the next 18 years in federal prison for her role in a scam that bilked more than 4,000 struggling homeowners out of more than $7 million. …read more
From:: Real Estate Wire
Fannie Mae, Freddie Mac roll mortgage modification interest rate back to 4%
Last month, Fannie Mae and Freddie Mac dropped the benchmark interest rate for the standard mortgage modification programs below 4% for the first time since the programs began in Jan. 2012.
But that’s looking like a singular occurrence. …read more
From:: Real Estate Wire
FHA announces 2016 loan limits
The Federal Housing Administration announced its loan limits for 2016, with the loan limits in 188 counties set to increase due to changes in housing prices. Click the headline to learn more about where the FHA raised its loan limits for 2016. …read more
From:: Real Estate Wire
TransUnion: Mortgage market will completely recover next year
The long, steady recovery from the housing crisis and the recession that followed is nearly over, with the consumer lending market expected to recover completely in 2016, according to a new report from Transunion. …read more
From:: Real Estate Wire
What will the looming Fed rate hike do to housing?
It’s now less than a week until the next meeting of the Federal Open Markets Committee, during which many analysts expect that the FOMC members will vote to raise the federal funds rate for the first time since June 2006. So what would be the impact of a Fed rate hike on housing? …read more
From:: Real Estate Wire
[Watch] The one Christmas light show to rule them all
This family not took only surpassed the standard Christmas lights and reindeer decorations, but it even took Christmas light shows to a whole new level. The music is all a custom sound track composed of Dubstep, movie clips and more, and the pixel lights are are similar to what you would see in a stadium Jumbotron. Combine this all together and you get a Christmas light show turned dance party. …read more
From:: Real Estate Wire
MBA: Mortgage applications edge up 1.2%
Mortgage applications continued to hover around the same level this past week. The 1.2% increase follows a 0.2% decline last week and a 3.2% decline the week before that. …read more
From:: Real Estate Wire
$6 billion Fannie, Freddie bulk servicing portfolio available for sale
Buyers looking to get their hands on some Fannie Mae and Freddie Mac mortgage servicing rights have that opportunity, as a $6 billion bulk residential mortgage servicing rights portfolio that features loans backed by Fannie Mae and Freddie Mac is available for sale. …read more
From:: Real Estate Wire