Homebuyer Down Payments Nearly Doubled from 2019 to 2022
The typical U.S. homebuyer who took out a mortgage in July made a $62,500 down payment, up 13.6% from a year earlier and almost...
How Lenders Can Capitalize on a Resurgent Market for HELOCs
American homeowners are spending more time at home and are looking to upgrade the spaces where they spend most of their time. Fortunately, many...
Higher Mortgage Rates Translate into Smaller Homes for Buyers
A San Diego homebuyer with a $3,000 monthly budget can afford a 931-square-foot home at today’s 6.7% mortgage rates, down from the 1,366-square-foot home...
House Appreciation Gains Slow Down, Reports CoreLogic
Although U.S. home prices continued their 127-month run of consecutive annual gains in August, they slowed for the fourth straight month to 13.5%, according...
Home Prices Decline While Inventory Growth Stalls
The Data & Analytics division of Black Knight Inc. says the most recent data from the Black Knight Home Price Index shows that home...
Redfin: Typical Homebuyer’s Mortgage Payment Rose 15 Percent
The typical homebuyer’s monthly mortgage payment has climbed $337 (15%) over the past six weeks to a new high of $2,547, according to a...
Why Use a Certified Appellate Specialist: Horses of a Different Color
BLOG VIEW: The old adage cautions against changing horses in mid-stream. So why should a litigant consider hiring a new attorney to handle the...
Mortgage Delinquencies Decline for 16 Consecutive Months
CoreLogic’s Loan Performance Insights Report for July 2022 shows that 3% of all mortgages in the U.S. were in some stage of delinquency (30...
Market Experiences Most Volatile Mortgage Rates in Over 30 Years
The typical house hunter who started searching in July and closed the deal on their new home in September saw their potential mortgage rate...
EMM Loans Integrates SimpleNexus Technology Platforms
EMM Loans is powering its electronic mortgage experience with Nexus Engagement and Nexus Origination from SimpleNexus, an nCino company and developer of a homeownership...
Ross Mortgage Expands to Tennessee
Ross Mortgage Corp., a full-service residential mortgage lender headquartered in Troy, Mich., has launched a new location in Nashville that will be led by...
NAR: Existing-Home Sales Expected to Drop 15 Percent for the Year
Pending home sales sagged for the third straight month in August, according to the National Association of Realtors. Three out of four major regions...
FHA Now Considers Rental Payment History as an Additional Factor in Underwriting
In a first for the agency, the Federal Housing Administration (FHA) will now consider a first-time homebuyer’s positive rental payment history as an additional...
How Lenders Can Utilize CRM to Grow Sales
As interest rates continue to rise and as call volume from potential borrowers declines, it is crucial for mortgage lenders to implement effective strategies...
Christine McConnell Leading New Nations Lending Branch
On the heels of opening its newest branch in Arizona, Nations Lending recently opened a second location in Scottsdale. Christine McConnell has joined as...
The Real Brokerage Acquires LemonBrew Lending
The Real Brokerage Inc., an international real estate brokerage, has signed an agreement to acquire LemonBrew Lending Corp. LemonBrew Lending is a tech-enabled home...
Guaranteed Rate Expands its Language Access Program
Guaranteed Rate reports that it has expanded its Language Access Program (LAP) so that every step and communication within the mortgage experience is entirely...
Black Knight: Foreclosures Starts Rise, Mortgage Delinquencies Decrease
Black Knight Inc. says the national delinquency rate fell to 2.79% in August, just 4 basis points above May 2022’s record low. Improvement was...
Fannie Mae Completes Ninth CIRT Transaction of 2022
Fannie Mae has executed its ninth Credit Insurance Risk Transfer (CIRT) transaction of 2022. As part of Fannie Mae's ongoing effort to reduce taxpayer...
Bidding-War Rate Falls to Lowest Level Since April 2020
Nationwide, 44.6% of home offers written by Redfin agents faced competition in August, the lowest bidding-war rate since the beginning of the pandemic when...