Tag Archives: mortgage

Appraisal requirements axed on sales of $400K and under: Fed

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Approved by the Federal Reserve on Friday, the adjustment, from $250,000 to $400,000, marks the first time in 25 years such an appraisal threshold has changed. Continue reading →

NAR calls for improvements to the qualified mortgage rule

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The National Association of Realtors is calling on the Consumer Finance Protection Bureau to improve the qualified mortgage definition and government-sponsored entity patch, as well as support an extension before figuring out the long term solution. Continue reading →

4 reasons your buyer clients need to purchase before 2020

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Here are four ways to frame a conversation about homebuying with clients who are on the fence on whether they should act now or later. Continue reading →

Offerpad wants to get buyers in a new house in 24 hours

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Homebuying and selling startup Offerpad announced it’s testing two new pilot programs, set to debut later this year or early 2020. Offerpad Instant Own would allow buyers to move into Offerpad-owned homes in as little as 24 hours and Offerpad Buyer Boo… Continue reading →

Inman News quiz: Think you’re on top of the week’s biggest stories?

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The real estate industry threw some curveballs. Take Inman’s real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week. Continue reading →

Average FICO scores hit all-time high

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After years of steadily rising, the average FICO score in the U.S. has hit an all-time high of 706, the credit-reporting company announced this week. Continue reading →

Fidelity National drops massive acquisition bid amid opposition

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Fidelity’s attempt to buy Stewart Information Services fell apart after the Federal Trade Commission said it would oppose the deal. Continue reading →

Zombies, fraud and opportunity: All the mortgage stats you might’ve missed

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JPMorgan Chase Institute’s default rates associated with people who do and don’t have savings, Attom’s Q2 numbers on median opportunity zone home prices, MagnifyMoney’s retirement stats — as the summer comes to an end, here’s a roundup of some recent m… Continue reading →

Zillow names new president of mortgage segment

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Zillow executives acknowledged previously that the rollout of proprietary mortgage software was taking longer than expected. Continue reading →

Trump admin proposes massive overhaul of FHA, Freddie and Fannie

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The Trump administration Thursday released a long-awaited plan to overhaul the way the U.S. government helps homeowners. Separate guidance from the U.S. Department of Housing and Urban Development and the United States Department of the Treasury includ… Continue reading →