Housing starts slightly increased a bit in July, according to the latest report from the U.S. Census Bureau. PPricewaterhouseCoopers Principal Scott Volling said that homebuilders are being affected by a slight increase in inventory.
Mortgage rates decreased by just a few basis points, but remain above 4.5%, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said it’s clear that in some markets the combination of ascending home prices, limited affordable inventory and this year’s higher rates are curtailing homebuyer demand.
The home-sharing company plans to turn 14 multifamily properties into short-term rentals by 2020.
These metros may soon see a boost in production for local agents, home improvement stores, and moving companies.
“To win, [buyers] will likely have to raise their offer price and waive contingencies,� says company spokeswoman Rachel Musiker.
In a recent exchange of emails with HousingWire, Quicken Loans defended its business practices, saying more than 25 C2 Financial LOs were left upset and confused by the latest development, while also accusing AIME members of trying to undermine its operations, namely United Wholesale Mortgage. Read through and judge for yourself.
The process of filing a mortgage insurance claim is about to get a lot easier thanks to with Fannie Mae, as the government-sponsored enterprise announced Wednesday that it is rolling out a new “streamlined� MI claims procedure with help from several of the largest MI providers.
Black Knight announced Wednesday its new LoanSphere Actionable Intelligence Platform, which will utilize the company’s data and technology solutions to provide lenders with actionable intelligence.
Mortgage delinquencies and foreclosure rates in the U.S. dropped to their lowest level in the past 12 years. However, two states saw their mortgage delinquencies increase, and CoreLogic is worried about another one. Here’s why.
Issues with non-borrowing spouses have been a sore spot for the HECM program over the years. But while HUD has taken positive steps to curtail the problem, confusion about the rights of these spouses persists, meaning originators need to handle them with extra care.
Karin Comeaux
Compass Realty & Management
8880 W Sunset Rd, Ste 290
Las Vegas, NV 89148
(702) 328-4114
(702) 586-1616
