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Flyhomes for Agents expands to Idaho
Flyhomes for Agents today announced its expansion into Idaho as it rapidly builds its growing network to provide Flyhomes Cash Offer to help local homebuyers buy homes faster and pay less. Flyhomes for Agents is now available for real estate brokerages
Commercial/Multifamily Borrowing Jumped 119 Percent in the Third Quarter of 2021
Commercial and multifamily mortgage loan originations were 119 percent higher in the third quarter of 2021 compared to a year ago and increased 19 percent from the second quarter of 2021, according to the Mortgage Bankers Association's (MBA) Quarterly
MBA Announces 2022 Affordable Homeownership Advisory Council
The Mortgage Bankers Association (MBA) announced today the members of its 2022 Affordable Homeownership Advisory Council. The Affordable Homeownership Advisory Council and the Affordable Rental Housing Advisory Council were formed in 2019
Low Inventory Leads to Solid Gains in New Home Sales
Fueled by strong demand, low existing inventory and buyers’ anticipation of future higher mortgage rates, new home sales posted a solid gain last month. Sales of newly built, single-family homes in September rose 14% to an 800,000 seasonally adjusted
September New Home Purchase Mortgage Applications Decreased 16.2 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2021 shows mortgage applications for new home purchases decreased 16.2 percent compared from a year ago. Compared to August 2021
The Effects of Mortgage Rates on Real Estate
Have you ever wondered what the relationship is between mortgage rates and real estate? It’s complicated, but understanding it can help you plan for how your home will perform in the future based on current market conditions
Share of Mortgage Loans in Forbearance Decreases to 2.62 Percent
WASHINGTON, D.C. - RealEstateRama - The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in...
Is Selling Houses for Cash in Sarasota Worth It? | What Every Home Seller...
Selling houses for cash in Sarasota is an excellent option for any home seller, especially if your house is in poor repair or if you want to walk away from the property quickly. There are also many other advantages to working with cash buyers versus
MooveGuru’s Home Pro Division, Powered by HomeKeepr, Hits Nine Million Home Pro Recommendations
HomeKeepr, the leading referral-only online community of REALTORS®, home service professionals and homeowners, today announced it has surpassed the nine-million recommendation mark. The company has signed on more than 300,000 real estate, mortgage, and insurance professionals who have in turn recommended more than 500,000 unique home service contractors and other local businesses to homeowners over nine million times.
Mortgage Credit Availability Increased in August
Mortgage credit availability increased in August 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
Share of Mortgage Loans in Forbearance Remains Unchanged at 3.25 Percent
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance remained unchanged relative to the prior week at 3.25% as of August 22, 2021. According to MBA's estimate, 1.6
Fixed-rate or adjustable-rate mortgage, which one is better?
When you take out a loan for your mortgage, you will come across two types of mortgage loan types - fixed and adjustable. Each of the two has its advantages and knowing which one to go for, based on your financial situation
How to Afford Your Dream Home
Owning a dream home is the aim of many people. The hard part is putting into place the steps in order to get that dream home. With prices increasing across the country, and wages not keeping up with that house price growth, you have to be creative in order to make sure that you can get the house that is perfect for your family.
TYPES OF MORTGAGE OPTIONS AVAILABLE TO YOU
When planning to buy a new home choosing the correct mortgage option is an important step. Organizing your budget and checking the amount of payment that works allows you to decide which type to go with. Understanding the various options makes this task easier.
July New Home Purchase Mortgage Applications Decreased 27.4 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2021 shows mortgage applications for new home purchases decreased 27.4 percent compared from a year ago. Compared to June 2021, applications decreased by 4 percent. This change does not include any adjustment for typical seasonal patterns
94% of Metro Areas Saw Double-Digit Price Growth in Second Quarter of 2021
Continued low levels of housing inventory, combined with record-low mortgage rates spurring housing demand, have caused an increase in median sales prices for existing single-family homes in all but one of 183 measured markets during the second quarter
10 Types of Loans: Make a Right Financial Choice
It goes without saying that it is always good to save some money knowing that you are safe in case some urgent need comes by or an unexpected situation. Although it does not always work like you want to or planned to
Three Sentenced in Bank Fraud of Government Housing Assistance Program in South Carolina
Acting United States Attorney M. Rhett DeHart announced today that three South Carolinians have been sentenced by a federal judge after pleading guilty to bank fraud charges in schemes that defrauded the federal government’s Troubled Asset Relief Program (TARP).
Homebuying and Selling Sentiment Remain Polarized Amid Affordability and Supply Concerns
The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) decreased 3.9 points to 75.8 in July, as consumers continue to report concerns related to high home prices and a lack of homes for sale. While all six components declined month over month
SEC Charges Real Estate CEO With Defrauding Investors
The Securities and Exchange Commission today announced securities fraud charges against recidivist Michael Shustek, the CEO of several Las Vegas real estate investment trusts (REITs), and his wholly owned investment advisory firm, Vestin Mortgage
