Author Archives: Kelsey Ramírez

Homeseller profits begin to dip in first quarter

By Kelsey Ramírez | April 30, 2021 - 8:58 pm |April 30, 2021 Uncategorized

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Homeseller profits were up from last year, but dipped slightly from the fourth quarter in the first quarter of 2021, according to ATTOM Data Solutions. Continue reading →

Fannie Mae brings in net income of $5B in Q1

By Kelsey Ramírez | April 30, 2021 - 5:06 pm |April 30, 2021 Uncategorized

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This net income increase is up significantly from the first quarter of 2020, when, struggling with restrictions due to COVID-19, the mortgage giant posted a net income of just $500 million. Continue reading →

SimpleNexus platform now supports remote closings through Notarize

By Kelsey Ramírez | April 29, 2021 - 8:15 pm |April 29, 2021 Uncategorized

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Real estate and mortgage solutions provider SimpleNexus announced its new partnership with Notarize to conduct full eClosings. Continue reading →

Berkshire Hathaway HomeServices acquires historic UK estate agency

By Kelsey Ramírez | April 29, 2021 - 6:57 pm |April 29, 2021 Uncategorized

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Marler & Marler has been in operation since 1858. The acquisition adds some of London’s most exclusive neighborhoods to the brokerage’s network. Continue reading →

Low interest rates drive Freddie Mac new business up 162%

By Kelsey Ramírez | April 29, 2021 - 3:35 pm |April 29, 2021 Uncategorized

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Freddie Mac reported a surge in new business, increasing it’s earnings to $2.8 billion in the first quarter, up from just $200 million last year. Continue reading →

Mortgage rates hold steady below 3%

By Kelsey Ramírez | April 29, 2021 - 2:07 pm |April 29, 2021 Uncategorized

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The 30-year fixed-rate mortgage averaged 2.98 percent, up slightly from last week’s 2.97 percent, according to Freddie Mac’s Primary Mortgage Market Survey. Continue reading →

Fannie, Freddie debut new refi option for low-income families

By Kelsey Ramírez | April 28, 2021 - 9:58 pm |April 28, 2021 Uncategorized

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The FHFA announced that Fannie Mae and Freddie Mac will begin offering a new refinance product this summer for low-income homeowners. Continue reading →

Servicer Mr. Cooper investigated for unauthorized withdrawals

By Kelsey Ramírez | April 28, 2021 - 7:51 pm |April 28, 2021 Uncategorized

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Mr. Cooper announced that many of its consumers had unauthorized withdraws, now the Consumer Financial Protection Bureau is looking into the matter and the adverse effects it may have. Continue reading →

Housing market slows despite record low interest rates

By Kelsey Ramírez | April 28, 2021 - 3:56 pm |April 28, 2021 Uncategorized

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The housing market continued to slow this week even as interest rates remain below 3 percent. MBA Economist Joel Kan explains why. Continue reading →

CFPB officially delays new QM rule well into next year

By Kelsey Ramírez | April 28, 2021 - 3:16 pm |April 28, 2021 Uncategorized

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The CFPB announced that despite concerns from the housing industry, it is postponing compliance with its new QM rule until Oct. 1, 2022. Continue reading →