Archives

Short Sale

What is a ‘Short Sale’?

In East Bay real estate terminology, short sales refer to the house being sold lesser than the mortgage owed by the seller. The house will only be for short sale with the lender’s approval. It is a tedious process which requires a lot of paper works and the decision might take a year.
Mortgage

Pros and Cons of Renting After You Retire

Are you nearing retirement? Are you looking to just rent a house once you retire? Such a decision will give you’re a number of benefits. However, there are also some things that you may need to sacrifice if you choose to rent.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 7.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 19, 2019.
NAR

Existing-Home Sales Slide 4.9% in March

Existing-home sales retreated in March, following February’s surge of sales, according to the National Association of Realtors®. Each of the four major U.S. regions saw a drop-off in sales
Ginnie Mae

Ginnie Mae launches Platinum product for HECM Securities

Ginnie Mae announced today that investors in Ginnie Mae mortgage securities backed by Home Equity Conversion Mortgages (HECMs) can now take advantage of a new Platinum securities execution — the Home Equity Conversion Mortgages Backed Security (HMBS) Platinum securitization channel.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

WASHINGTON, D.C. — (RealEstateRama) — Mortgage applications decreased 3.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications...
MBA

Independent Mortgage Bankers’ Production Volume and Profits Down in 2018

Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $367 on each loan they originated in 2018, down from $711 per loan in 2017, the Mortgage Bankers Association (MBA) reported today in its Annual Mortgage Bankers Performance Report.
MBA

Mortgage Bankers’ Commercial/Multifamily Originations Rise to Record $573.9 Billion in 2018

Commercial and multifamily mortgage bankers closed a record $573.9 billion in loans in 2018, according to the Mortgage Bankers Association's (MBA) 2018 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
Ginnie Mae

Ginnie Mae MBS Outstanding Increases to $2.058 Trillion

Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $27.331 billion in March. A breakdown of February issuance includes $26.452 billion of Ginnie Mae II MBS and $879 million of Ginnie Mae I MBS, which includes $782 million of loans for multifamily housing
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 5.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 5, 2019.
MBA

March New Home Purchase Mortgage Applications Increased 7 Percent

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2019 shows mortgage applications for new home purchases increased 7 percent compared to a year ago.
MBA

Statement of Bob Broeksmit on Confirmation of Mark Calabria to be Director of the...

Statement of Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), on the Senate confirmation of Mark Calabria to be Director of the Federal Housing Finance Agency
MBA

Mortgage Credit Availability Increased in March

Mortgage credit availability increased in March according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool
Credit Score

Dissecting the Myth of Mortgage Acceptance Based on Credit Score

It is difficult enough getting on the property ladder with the rising cost of homes in the UK, but when you are just starting out, credit is going to be a huge concern! Whether you are a newly married couple looking to buy your first home or a person with some amount of history (employment and credit),
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 18.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 29, 2019.
MBA

MBA Releases Fourth Quarter 2018 Commercial/Multifamily DataBook

The Mortgage Bankers Association's (MBA) fourth quarter of 2018 Commercial/Multifamily DataBook is now available. The report summarizes major trends that developed during the fourth quarter of 2018.
Ginnie Mae

Ginnie Mae’s Director of Single-Family Securitization to Speak at Information Management Network’s Technology Solutions...

Roy Hormuth, Ginnie Mae’s Director of Single Family Securitization, will be attending and speaking at the Information Management Network’s sixth annual Residential Mortgage Servicing Rights Conference

Pro Tips for Buying Your First Rental Property

Real estate is one of the most preferred routes to growing your wealth. That’s perhaps the most common dictum out there that you have heard. There is no doubt that it has brought wealth to many and the real estate route has made some of the world’s wealthiest people. Done well, there is no better route than to get your cash into real-estate.
MBA

MBA Releases 2018 Rankings of Commercial/Multifamily Mortgage Firms’ Origination Volumes

According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA), the following firms were the top commercial/multifamily mortgage originators in 2018
NHC

National Housing Conference statement on the President’s memorandum on federal housing finance reform

The President’s Memorandum on Federal Housing Finance Reform raises important questions, said David M. Dworkin, president and CEO of the National Housing Conference (NHC). “How we answer them will impact 1/6 of the economy and the housing of nearly every American.

Business Real Estate Press Releases

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.

Recent Gov & Nonprofit Real Estate Press Releases

Enterprise Community Partners

Brian McLaughlin to lead Enterprise Community Development, one of the nation’s...

Brian McLaughlin has been named president and CEO of Enterprise Community Development (ECD), a new organization that brings together two of the Mid-Atlantic’s leading developers and managers of affordable, well-designed homes: Community Preservation