According to First American Financial Corporation’s Loan Application Defect Index, the frequency of defects, fraud, and misrepresentation submitted in mortgage loan applications in July fell 5% from the ...
Read More »Refinances Cause Mortgage Organizations to Spike to $2 Trillion
Freddie Mac announced Wednesday that August forecasts show mortgage origination will reach $2 trillion in 2019, driven mostly by the recent surge in refinancing due to historically low ...
Read More »The State of Housing In Opportunity Zones
Homes in “Opportunity Zones,” established by Congress in the Tax Cuts and Jobs act of 2017, are cheaper than the average home, according to a new report.
Read More »Affordability Receives a Jolt
Consumers’ homebuyer power increased in June by 3.3% from the prior month and has risen 12.2% year-over-year, according to First American Financial Corporation’s Real House Price Index (RHPI). ...
Read More »Home-Sale Prices Recovering since 2000
CoreLogic reports that the number of homes selling at or above the list price in June fell to 39.2%—10% higher than the average since 2000. The report states ...
Read More »Where are the Best Housing Markets in the Nation?
In a time where mortgage rates are dropping, refinance is rising, and affordable homes are few and far between, it can be difficult to find the right place ...
Read More »Employment and Housing Prices
Here's how employment and housing prices correlate over the last twenty years.
Read More »Home-Price Gains ‘Sluggish’ in June
Home-price growth slowed in June, as the S&P CoreLogic Case-Shiller Home Price Index reported that prices rose just annually 3.1% in June—a decline from 3.3% growth in May. ...
Read More »Lenders Discuss HUD, FHA’s New Condo Approval Policies
Reverse Mortgage Daily reported that lenders agree that the new condominium approval process announced by the Department of Housing and Urban Development (HUD) and the FHA will expand ...
Read More »Prospective Homebuyers Pulling Back
A poll by the National Association of Home Builders (NAHB) during Q2 2019 shows that just 12% of prospective homebuyers are planning to buy a home next year, ...
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