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Mortgage Credit Availability Increased in January
Mortgage credit availability increased in January according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE
New Home Sales Bounce Back in December on Lower Mortgage Rates
Falling interest rates in the closing weeks of 2023 helped to bring buyers off the sidelines and provide a boost for new home sales. Sales of newly built, single-family homes in December increased
Prince William County to host 2024 Northern Virginia Housing Expo march 23 at colgan high...
Renters and first-time buyers looking for housing in Northern Virginia should plan to visit the 2024 Northern Virginia Housing Expo, a regional housing fair, at Charles J. Colgan High School in
Mortgage Application Payments Decreased 3.8 Percent to $2,055 in December
Homebuyer affordability improved in December, with the national median payment applied for by purchase applicants decreasing to $2,055 from $2,137 in November. This is according to the
Milestones Drives Strong Momentum with 513% Increase of Consumers on Platform
Milestones, a leading provider of innovative solutions for homeowner engagement in the real estate and mortgage industries, recently celebrated a phenomenal 513% surge in new consumers on its platform within just one month.
Discovering the 5 Key Mortgage Types Every Home Buyer Should Know
Buying a home is an exciting and significant milestone in life. It's a path filled with hopes, dreams, and a fair share of complexities, particularly when it comes to understanding the different types of
MISMO Releases 2023 Annual Report at Winter Summit
MISMO, the real estate finance industry's standards organization, today released its 2023 Annual Report at its 2024 Winter Summit. The MISMO Annual Report outlines the organization’s progress
Mortgage Credit Availability Decreased in December
Mortgage credit availability decreased in December according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE
ICYMI: Warren Calls for Big National Investment to Lower Housing Costs, Stronger Protections for...
Warren: “Massachusetts and the rest of the country shouldn’t be left to address this crisis alone. It’s time for the federal
November New Home Purchase Mortgage Applications Increased 21.8 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for November 2023 shows mortgage applications for new home purchases increased 21.8 percent
Mortgage Credit Availability Decreased in November
Mortgage credit availability decreased in November according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE
Efficient Home Loan Servicing Solutions: Simplifying Your Mortgage Process
The home loan process can often be overwhelming and time-consuming. From understanding the application process to exploring various loan options, every step requires careful consideration. However, with efficient home loan servicing solutions, you can simplify the mortgage process and make it more streamlined.
Chicago Area Community Lending Fact Book breaks down 2022 neighborhood-level mortgage trends
In 2022, Black and Latine households continued to receive
Amidst Housing Slowdown, Exurban Areas Post Largest Construction Gains
For the third consecutive quarter, single-family growth rates were negative for all geographic sectors of the nation, as exurban areas posted the largest increase in market share for both single-family
Commercial Mortgage Delinquency Rates Increased in Third-Quarter 2023
Commercial mortgage delinquencies increased in the third quarter of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report. “Not unexpectedly
New Home Sales Weaken in October
Elevated mortgage rates that averaged 7.62% in October per Freddie Mac, the highest rate since 2000, depressed buyer demand and pushed down new home sales in October. Sales of newly built, single-family homes in October fell 5.6% to a
Restb.ai AI-powered computer vision technology offers lenders, appraisers image validation solution designed for GSE-compliance
National banks and mortgage lenders are scrambling to incorporate image recognition into their appraisal review process
FHFA Announces Conforming Loan Limit Values for 2024
The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages Fannie Mae and Freddie Mac (the Enterprises) will acquire in 2024. In most of the
October New Home Purchase Mortgage Applications Increased 39.7 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2023 shows mortgage applications for new home purchases increased 39.7 percent compared from a
7 Benefits of Using a Mortgage Broker
When financing homes and properties, many homeowners and borrowers think going directly to banks is the most straightforward option. However, a more effective alternative is seeking professional help from a mortgage broker.