The numbers are headed in the wrong direction for loans that are backed by private lenders rather than the government, according to new survey by the Mortgage Bankers Association. Continue reading
Total existing-home sales in July 2021 rose 2 percent on a seasonally adjusted annual basis from June to a rate of 5.99 million, according to the National Association of Realtors. Continue reading
Now more than ever, properties are selling well over list price, and buyers are chomping at the bit to purchase. Here’s why you shouldn’t wait to get in on the action. Continue reading
It’s unclear exactly how many properties will be freed up after federal eviction and foreclosure moratoriums expire at the end of July. But whichever way it goes, agents will want to be prepared. Continue reading
With a potential surge in home foreclosures on the horizon, RES.NET, a technology platform provider for loan default management, says it’s revamped its real-estate owned portal to support growth and scalability. Continue reading
The national delinquency rate dipped below 5 percent in April, although nearly 1.8 million homeowners were at least 90 days behind on their mortgage payments, an increase of 1.3 million compared to before the pandemic. Continue reading
Given the soaring costs we’re seeing in almost every aspect of our lives, the end of forbearance programs and rent moratoriums, coupled with the age of boomers who own 42 percent of the inventory, the inventory dam has definitely started leaking. Continue reading
Many homeowners who were granted forbearance during the pandemic are scheduled to hit 18-month program eligibility limit at the end of September. Continue reading
The CFPB introduced new rules that changes the game for mortgage servicers. Experts lay out the changes that await the servicing industry. Continue reading
With climbing unemployment rates, this year’s crisis might feel like déjà vu. However, there are key differences between the coronavirus-induced recession and the Great Recession. Continue reading