Wednesday, June 23, 2021

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Real Estate Market

THE REAL ESTATE MARKET OUTLOOK FOR 2021

National
Nobody could ever foresee a global pandemic moving into 2020. It’s spread has left a global economic crisis, businesses counting losses and not forgetting the countless government initiatives to enforce lockdown measures such as social distancing and travel restrictions in aid to tackle the spread

GCAAR housing stats | FEB. ’21

National
With the median sold price for residential properties up 11.2% compared to February 2020, buyers are acting quickly as the average time on the market was 28 days, 30% below the five-year February average of 40 days.

Seniors: Is the Time Right for Reverse Mortgages?

National
As housing wealth is increasing, and the uncertainty of the economy continues to trouble seniors planning for, or already in retirement, this may be the right time to consider a reverse mortgage.
MBA

IMB Production Profits Remain Strong in Fourth Quarter of 2020, but Decrease from Third-Quarter...

National
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $3,738 on each loan they originated in the fourth quarter of 2020, down
MBA

Commercial/Multifamily Mortgage Debt Increased 5.8 Percent in the Fourth Quarter of 2020

National
The level of commercial/multifamily mortgage debt outstanding at the end of 2020 was $212 billion (5.8 percent) higher than at the end of 2019, according to the Mortgage Bankers Association's

How to Shop Around for the Best Mortgage Rate

National
Purchasing a home is a significant financial decision and will likely put you in a considerable amount of loan debt. Applying for a mortgage...
MBA

Mortgage Credit Availability Unchanged in February

National
Mortgage credit availability remained unchanged in February 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

Making Sense of the Current Real Estate Market

National
There is no argument that purchasing a house is an absolutely life-changing experience. However, it can be an extremely complex process with potential buyers considering price, location, amenities, school district, and other factors as part of the decision-making process.
MBA

Share of Mortgage Loans in Forbearance Increases Slightly to 5.23 Percent

National
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased by 1 basis point from 5.22% of servicers' portfolio volume in the prior week to 5.23%
MBA

MISMO Wins 2021 HousingWire Tech100 Mortgage Award

National
MISMO, the mortgage industry's standards organization, has been named a 2021 winner of HousingWire's Tech100 Mortgage award. The award criteria were based on technology innovation and impact within the mortgage market.
Mortgage 101

Mortgage 101: All You Need to Know Before Buying That House

National
It would come as a shock to many people that very few understand what mortgages are all about and how they work. This has been the reason why many people find themselves with very bad deals once they try to purchase a house
HUD InspectorGeneral

Real Estate Developer Among Four Individuals Charged in Mortgage Fraud Scheme

National
A federal grand jury has indicted a real estate developer and three others for allegedly participating in a mortgage fraud scheme that defrauded financial institutions out of at least $3 million.
MBA

Mortgage Delinquencies Decrease in the Fourth Quarter of 2020

National
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.73 percent of all loans outstanding at the end of the fourth quarter of 2020, according to the Mortgage Bankers Association's
MBA

Commercial and Multifamily Mortgage Delinquencies Decreased in January

National
Delinquency rates for mortgages backed by commercial and multifamily properties decreased in January, according to the Mortgage Bankers Association's (MBA) latest monthly MBA CREF Loan Performance Survey.

How to Prepare Your Finances for a Home Purchase

National
Putting together a financial checklist for yourself with the specific goal of buying a home in mind is slightly different than simply just creating a budget. Budgets are essential for financial health and they help to guide you and keep you on track, however there is more to consider than just money in and money out if you want to find success as a homeowner.
MBA

Share of Mortgage Loans in Forbearance Increases Slightly to 5.38%

National
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased slightly from 5.37% of servicers' portfolio volume in the prior week to 5.38%

Senior Housing Wealth Reaches Record $7.82 Trillion

National
Homeowners 62 and older saw their housing wealth grow by 1.6 percent or $121 billion in the third quarter to a record $7.82 trillion from Q2 2020, the National Reverse Mortgage Lenders Association reported today in its quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.
USDOJ

Biden Administration Announces Foreclosure Moratorium and Mortgage Forbearance Deadline Extension That Will Bring Relief...

National
USDA Extends Evictions and Foreclosure Moratorium to March 31, 2021 and Provides Additional Guidance for Servicing Loans Impacted by COVID-19
MBA

Share of Mortgage Loans in Forbearance Decreases to 5.37 Percent

National
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased from 5.46% of servicers' portfolio volume in the prior week to 5.37% as of January 10, 2021.

Is Now the Right Time to Refinance My Mortgage?

National
It’s not that you’re unhappy with the current mortgage. In fact, it’s easy for you to make the installment payments and they always post quickly. Even so, you wonder if refinancing would be a good idea. Since it never hurts to look, contact one of the certified Toronto mortgage brokers and agents and get an idea of what sort of deal you could get.

Business Real Estate Press Releases

Former Big Bear Sports Center Bldg

Wood Investments Companies Acquires Third Mountain West Property in Seven Months

Wood Investments Companies, Inc., a commercial real estate investment and management company specializing in retail, announced today the acquisition of a 67,000-square-foot retail building formerly occupied by Big Bear Sports Center located in

Recent Gov & Nonprofit Real Estate Press Releases

6 Things Important to a Woman When Buying a New Home

When women look for a home to buy, there are a few things that they are watching for. They are interested in how to measure kitchen cabinets and how much storage space will be in the home. This is why it is important to know what they really want in a home as they are shopping around.