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Foreclosures down in April as moratorium continues
14-05-2021
The number of properties with foreclosure filings hit 11,810 in April, down 1% month over month and 17% year over year, according to a recent study from RealtyTrac and ATTOM Data Solutions. May marks the 14th month of the federal government’s foreclosure and eviction moratorium. States with the highest April foreclosure rates...
Read moreGeneration X is looking to move to these metros
14-05-2021
In the last few years, there’s been a lot of conversation surrounding 25 to 40-year-olds and their home purchasing habits. But according to a new LendingTree study, millennials aren’t the only ones making big purchases – Generation X is doing the same. Generation Xers are taking advantage of the housing boom...
Read moreWhy does credit matter so much in the home-buying process? Here’s the…
14-05-2021
Credit can be confusing, but it can also be a huge asset going into the home-buying process. A good credit score increases the likelihood of qualifying for a mortgage because it indicates to the lender that you’re more likely to make timely payments on your loan. Even better, a solid...
Read moreFormer TIAA CEO joins Notarize board of directors
14-05-2021
Former TIAA CEO and President Roger Ferguson Jr. has joined the Notarize board of directors, the company announced in a release on Thursday. Under Ferguson’s management, TIAA more than doubled its total assets to over $1 trillion. Ferguson retired from TIAA on March 31 after 13 years. Besides his time...
Read moreHow do we make real progress on the homeownership gap?
14-05-2021
Secretary of Housing and Urban Development Marcia Fudge delivers remarks during a press briefing at the White House in Washington, U.S., March 18, 2021. REUTERS/Carlos Barria First, let’s set the record straight. Homeownership is critical to wealth creation, especially for establishing intergenerational wealth in America. When looking at net worth, even...
Read moreSan Francisco tech companies are sitting on record amounts of empty office…
14-05-2021
Dropbox, Airbnb and Salesforce have taken some of the biggest real estate impairments in the tech industry because of vacated office space in San Francisco.Read more: https://www.cnbc.com/2021/05/14/san-francisco-tech-companies-sitting-on-record-amounts-of-empty-space.html
Read moreThis woman got $10,000 for moving from Brooklyn to Tulsa. Here's how…
14-05-2021
The work-from-anywhere culture of the pandemic is not going away with the vaccine, and that has created an opportunity for small cities to lure new residents.Read more: https://www.cnbc.com/2021/05/14/this-woman-got-10000-for-moving-from-brooklyn-to-tulsa-.html
Read moreA guide for homebuyers looking to buy their dream home
14-05-2021
Are you thinking about buying your first home? Because of today’s low interest rates, some homebuyers may be able to afford the homes of their dream. But low interest rates aren’t the only thing you should consider when house shopping. Due to high demand, the housing supply is slim. But...
Read moreUWM has a plan to win a war of mortgage attrition
14-05-2021
Mat Ishbia isn’t sweating a projected drop in gain-on-sale margins, all the way down to 75 to 110 basis points. Quite the contrary. In his estimation, a higher rate environment and hyper-competitive pricing will provide United Wholesale Mortgage an opening salvo to win a war of attrition and build an...
Read moreChina is concerned about inflation – but it’s not the top priority…
14-05-2021
In its report on first quarter monetary policy, the Chinese central bank focused on how the foundation for the domestic economic recovery is not solid.Read more: https://www.cnbc.com/2021/05/14/china-is-concerned-about-inflation-but-its-not-the-top-priority.html
Read moreMLB says Oakland A's can explore new markets, but it's not clear…
13-05-2021
The league said the franchise could start to explore options to seek a new home as city officials contemplate a new stadium on an Oakland waterfront property.Read more: https://www.cnbc.com/2021/05/13/mlb-says-oakland-as-can-explore-new-markets-but-where-would-they-go.html
Read moreGenworth mortgage insurance arm IPO on ice
13-05-2021
Genworth Financial said it will delay the initial public offering of its recently rebranded mortgage insurance arm, Enact Holdings. Tom McInerny, the president and CEO of Genworth, said that recent market volatility led the company to put off the IPO. The offering has been in the works since at least January. “In...
Read moreNew home sales battled scorching prices in April
13-05-2021
Mortgage applications for new homes dropped 9% in April from March, however, overall applications are still up a whopping 30.8% year over year for homebuilders, according to the latest survey report from the Mortgage Bankers Association. Amid continued competition from borrowers, the average loan size of a new home reached its highest level in...
Read moreHow does the FHFA 7% loan cap on GSEs affect originators?
13-05-2021
As you probably know by now, the Federal Housing and Finance Agency has limited GSEs to a 7% cap on loan purchases for second home and investment properties. This means that lenders who sell these types of loans to Fannie Mae and Freddie Mac will be subject to restrictions if...
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