Home prices increased in July, inching forward 0.2% from June, according to the latest monthly House Price Index from the Federal Housing Finance Agency. According to the report, across the nine census divisions, the Mountain division once again saw the strongest appreciation growth.
Tavant Technologies recently announced it has integrated its VELOX platform, with Homestar Financial Corporation to transform its digital mortgage experience. HOMESTAR Chief Digital Officer Walt Carter said the partnership will help the company provide a higher level of service to customers.
After population declines in the region due to losses in manufacturing jobs, more young adults are flocking here to find an affordable place to live.
Foreign home buyers are still lured by the lifestyle and opportunities that come with moving to America.
“The spring and summer homebuying and selling season ultimately ended up being a letdown,” says Freddie Mac’s chief economist.
The Housing Rights Initiative, a national organization, says fraudulent applications for building remodels aim to push out rent-controlled occupants.
Deephaven Mortgage is launching a non-qualified-mortgage point-of-sale/pre-qualification tool called IDENTI-FI AUS to simplify the origination and qualification processes for Non-QMs. Now is a good time to be an originator in the Non-QM as Non-QM lending has been enjoying a big uptick in popularity this year, more than doubling production this year, according to LoanScorecard’s statement.
This week, members of Congress demanded the Federal Reserve maintain strong capital requirements for Global Systemically Important Banks. Ranking Member of the House Committee on Financial Services Maxine Waters, D-Calif., and Ranking Member of the House Committee on Financial Services Subcommittee on Terrorism and Illicit Finance Ed Perlmutter, D-Colo., led the charge.
The Consumer Financial Protection Bureau, which already has regional offices in New York, Chicago, and San Francisco, is planning to open up a southeast regional office in Atlanta. The bureau is not actually establishing a new regional office in Atlanta. Rather, it’s relocating one.
In the U.S., the reverse mortgage industry is currently weathering a rather rough patch, but perhaps this is nothing compared with its Australian counterpart. A report released last month by the Australian Securities and Investments Commission raised serious concerns about the health of the nation’s reverse mortgage program, claiming that lenders were failing to properly educate consumers about the risks of the loan.
Karin Comeaux
Compass Realty & Management
8880 W Sunset Rd, Ste 290
Las Vegas, NV 89148
(702) 328-4114
(702) 586-1616
