CNBC's Diana Olick explains how homeowners have decided to stay in their homes after refinancing, leading to less inventory and a weaker housing market.Read more: https://www.cnbc.com/video/2020/02/24/how-home-refinancing-has-stagnated-the-housing-market.htmlRead more
Democratic presidential candidate Joe Biden proposed a $640 billion housing plan on Monday aimed at improving affordability, ending discrimination, protecting consumers and improving energy efficiency.
The plan comes five days before the South Carolina primary, set for Feb. 29, and just over a week before the March 3 “Super Tuesday” primaries...Read more
Low mortgage rates drove the nation’s housing market potential to a two-year high in January, according to First American.
Mark Fleming, the company’s chief economist, said the market potential for existing-home sales climbed to the highest level since January 2018.
“Housing market potential increased 1.4% in January 2020 relative to the previous month...Read more
Interest rates are in free fall, but that could be good news for one group of stocks that are already off to a strong start this year.Read more: https://www.cnbc.com/2020/02/24/the-rate-rout-is-heating-up-that-could-be-good-news-for-homebuilders.htmlRead more
CNBC's "Squawk on the Street" team discusses big banks with banking analyst Gerard Cassidy of RBC Capital Markets.Read more: https://www.cnbc.com/video/2020/02/24/banking-analyst-on-why-wells-fargo-isnt-worth-buying-its-a-work-in-progress.htmlRead more
As coronavirus fears hit financial markets, U.S. bond yields are tanking, pushing mortgage rates that loosely follow the 10-year Treasury yield toward a four-year low. They could sink even lower.Read more: https://www.cnbc.com/2020/02/24/coronavirus-fears-could-push-mortgage-rates-past-4-year-low.htmlRead more
Rob and Reshawn Lee bought a four-bedroom home in the suburbs of Dallas in June 2013. They paid it off in June 2018.Read more: https://www.cnbc.com/2020/02/21/how-to-pay-off-a-15-year-mortgage-early-so-you-can-quit-your-job.htmlRead more
Rob and Reshawn Lee bought a four-bedroom home in the suburbs of Dallas, Texas for $300,000. They purchased the home in 2013 and paid it off in 2018. The couple wanted to start their own businesses and felt the flexibility of not having a mortgage payment would give them the...Read more
Hoya Capital Real Estate started an exchange traded fund last March that its founder calls a macro play on the housing shortage in the United States.Read more: https://www.cnbc.com/2020/02/22/this-fund-is-a-play-for-the-millennial-home-renter-and-some-of-its-holdings-are-up-big-this-year.htmlRead more
Declining foreclosure volume has created a “new normal” in default levels, but servicers can’t get complacent. Ted Manley, co-founder and principal at Manley Deas Kochalski, explains why now is the perfect time to optimize processes with talent and technology to prepare for the inevitable volume increase.
HousingWire: What are some...Read more
Freddie Mac has announced that Mark B. Grier has been elected to its board of directors.
Prior to joining Freddie Mac, Grier served as the vice-chairman and a member of the board of directors of Prudential Financial, leading up to his retirement in 2019.
Grier joined Prudential in 1995 as chief...Read more
Earlier this year, Wells Fargo revealed that it had set aside more than $3 billion to pay for a looming settlement over the bank’s fake account scandal, and now, the other shoe has dropped.
The Department of Justice and Securities Exchange Commission announced Friday afternoon that Wells Fargo will pay $3...Read more
Today, we live in a world of instant access to information and technology that has empowered us to have more freedom and control in nearly every aspect of our lives.
At the risk of sounding like a “lazy millennial,” I’ll admit I order everything I need from an app: cars, flights...Read more
Quicken Loans has become the largest mortgage lender in the country over the last few years due in large part to the growth of Rocket Mortgage, the company’s digital mortgage platform.
As it turns out, Rocket Mortgage is becoming so big that it’s now consuming other parts of the Quicken Loans...Read more
Real estate agents are always looking for that competitive edge, that unique way to stand out and be found, known, and remembered in their local market. But how?
Dustin Brohm, Columnist
While there are many great ways to dominate the mindshare in your local market, today I believe that podcasting very well...Read more
Fortune Magazine and Great Place to Work this week announced the winners of its 2020 Best Companies to Work For list, ranking America’s best workplace environments for large companies. And multiple industry titans in the housing space made the list.
The winners were determined by anonymous survey feedback that analyzed the efforts each organization took...Read more
U.S. existing-home sales fell in January, declining 1.3% from the previous month’s pace, according to the National Association of Realtors.
Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – rose to a seasonally adjusted annualized rate of 5.46 million. This means sales are 9.6% above January 2019’s rate.