Thirty-four-year industry veteran joins national lender to oversee sales and business development operations for the company’s Pacific Northwest Division.
Read More »Thursday Is the New Black Friday for Home Sale Discounts
A new Zillow analysis found that sellers looking to slash prices are doing so on a Thursday, with price cuts on average nearly 3% of the listing price, or $11,000 off the price of a typical U.S. home.
Read More »Bringing Credit Invisibles Into the Light
Michele M. Evans of Fannie Mae discusses the GSE’s new Positive Rent Payment Reporting pilot program and how renters on the path to homeownership can build their credit history and improve their credit score.
Read More »Existing-Home Sales Slide 5.9% in October
NAR reports that existing-home sales nationwide faded for the ninth straight month to a seasonally adjusted annual rate of 4.43 million.
Read More »Fixed-Rate Mortgages Take 47-Basis Point Dive
With news that inflation may have peaked, Freddie Mac reports that the fixed-rate mortgage fell below the 7% mark, leading to a slight rise in overall mortgage app volume for the week.
Read More »Rental Prices Growing at a Slower Pace
Are the nation’s renters preparing to buy a home? New data from Realtor.com shows that may not be the case as affordability issues remain.
Read More »Mortgage Apps for New Homes Fall Nearly 30% YoY
The MBA reports that mortgage rates exceeding the 7% mark and declining purchasing power leading are contributing to fewer new applications nationwide.
Read More »Juggling Priorities to Maximize Tech Spend
George Reichert of Enact shares how lenders can maintain the best levels of IT service, integrate effectively with their partners, and innovate while also managing their expenses.
Read More »Slight Drop in Rates Spurs Rise in Mortgage App Activity
The MBA reports an uptick in overall mortgage application volume week-over-week, led by a 4% rise in home purchase applications, despite an 88% year-over-year drop-off in refinance activity.
Read More »Maxine Waters Voices Concern Over HUD Housing Assistance Payments
In a letter to HUD Secretary Marcia L. Fudge, the Chair of the Housing Financial Services Committee said the supply of the nation’s affordable housing should be a top priority.
Read More »