Pricing a home is always a unique challenge for real estate agents, but it can be especially daunting in a low-turnover market. The current real estate turnover rate, or the rate at which homes change hands, is at its lowest rate in 30 years, according to a Redfin analysis. One of the main reasons is […]
When comps are scarce, here’s how to price and market a listing Read More »
The past 24 hours have seen multiple news stories with seemingly contradictory updates regarding the state of the Iran war. There’s a ceasefire. There’s no ceasefire. There’s negotiation. There’s no negotiation, etc. As far as the rate market is concerned, the most important development has been the general appearance of a shift toward diplomacy and
Rates Ease Despite Conflicting Iran War Headlines Read More »
The mortgage industry has generally supported Fannie Mae and Freddie Mac’s more flexible roof insurance requirements for all single-family mortgages, but some condo market stakeholders have questioned certain other changes announced alongside it. Processing Content First flagged by a community lenders group shortly after the insurance rule-change came out, there have been a growing number
Condo lenders push back on Fannie, Freddie rule changes Read More »
Apollo Global Management Inc.’s insurance arm was the second-biggest borrower last year in the Federal Home Loan Bank system, a Depression-era program designed to shore up mortgage lending that has morphed into a go-to — and controversial — source of cheap financing for banks and other financial institutions. Processing Content Athene Holding Ltd. owed the FHLB $23.3
Apollo’s insurance arm vaults to second-biggest FHLB borrower Read More »
Lending reports provide detailed insights into loan performance, borrower behavior, and overall portfolio health. They include metrics such as delinquency rates, credit utilization, and repayment trends. Each piece of data must be accurate to build investor confidence and support strategic decisions. Processing Content A streamlined reporting method transforms complex loan data into clear, actionable insights.
How to simplify and improve the lending reports process Read More »
Prepayment speeds increased last month on the back of falling interest rates, but seriously delinquent loan volumes also rose the highest amount since June 2022, and the most since June 2018 when excluding the immediate effect of COVID-19. Processing Content The national delinquency rate ticked up seven basis points to 3.72% last month, as the
Seriously delinquent loans hit highest level since 2022 Read More »
Two influential groups in the home finance space have teamed up to provide information standards that will streamline title and mortgage closing processes. Processing Content The Mortgage Industry Standards Maintenance Organization and American Land Title Association announced the publication of two new datasets, both of which should form a digital convention for documentation to benefit
MISMO, ALTA issue new title, settlement document guidelines Read More »
US mortgage rates climbed for a third straight week, pushing home-financing costs to the highest since October and dealing a blow to both purchasing and refinancing activity. Processing Content The contract rate on a 30-year mortgage rose 13 basis points to 6.43% in the week ended March 20, according to Mortgage Bankers Association data released
Mortgage rates jump further to five-month high of 6.43% Read More »
Mortgage rates have been volatile lately. And if you’re thinking about buying a home, that can make it harder to plan. But there are still things you can do to get the best rate possible in today’s market. It starts with having the right information. So, what’s causing the bumps in rates? And what can
You Can’t Control What’s Happening with Mortgage Rates. But You Can Control This. Read More »
Key Insight: Federal Reserve Gov. Michael Barr said inflation pressures on goods and non-housing services remain elevated and that the Middle East conflict could add to the burden. Expert quote: “I would like to see evidence that goods and services price inflation is sustainably retreating before considering reducing the policy rate further, provided labor market
Fed’s Barr: No interest rate cuts until inflation is tamed Read More »