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January New Home Purchase Mortgage Applications Decreased 3.5 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2023 shows mortgage applications for new home purchases decreased 3.5 percent compared
HOUSING EXPERTS PROJECT ANOTHER YEAR OF MODEST GROWTH FOR U.S. CONDOMINIUMS AND HOMEOWNERS ASSOCIATIONS
While experts predict a major slowdown for the U.S. housing market in 2023, the number of new condominium communities and homeowners associations is expected to increase by 5,000 this year, according to projections
Smart Ways to Protect Yourself from Real Estate Fraud
Are you aware that incidences of real estate fraud are on the rise? Yes, instances wherein someone steals ownership of a home have happened and fraudsters do this with the help of identity theft so that they can benefit from the value of the stolen home. In this article the Toronto private investigation
Mortgage Application Payments Fall 2.9 Percent to $1,920 in December
Homebuyer affordability improved in December, with the national median payment applied for by purchase applicants decreasing 2.9 percent to $1,920 from $1,977 in November. This is according
Things to Consider When Contemplating a Home Equity Loan
Getting a secured loan with your home equity can be nerve-wracking even for the most composed person. There are a lot of things to consider and the steps to get one may not be clear which leaves plenty of room for mistakes. Mistakes are the last thing you want to have when using your home as collateral for a loan so be sure to read on the following tips from our friends at Homebase Mortgages when getting a homeowner loan.
PILOT HOME PURCHASED ON NATION’S FIRST OWNER-OCCUPIED FRACTIONAL EQUITY HOUSING FINANCE PLATFORM SAVES BUYER...
Quarter, Inc., the nation's owner-occupied first fractional equity home funding program and technology platform, announced the first home purchased using the innovative financing service. The pilot home was purchased by the company CEO, Shannon Diesch, for $740,000 in Longmont, Colorado with monthly housing payments 50% cheaper vs. a 30-year mortgage
MBA Statement on FHFA’s Enhancements to the GSEs’ Radon Standards for Multifamily Properties
MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding the Federal Housing Finance Agency's (FHFA) announcement of its enhancements to Fannie Mae’s and Freddie Mac’s
Total Commercial and Multifamily Borrowing and Lending Expected to Fall to $700 Billion in...
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $700 billion this year, which is a 5 percent decline from an expected 2022 total of $740 billion.
Sheikh Abdullatif Al Shelash Explains Why Investing in Saudi Real Estate Is a Smart...
Real estate development and mortgages are two investments in which Sheikh Abdullatif Al Shelash says he’s well versed. The Saudi Home Loans board member and partner in Alaqtar Real Estate Development Company shares that the Saudi real estate market is heating up and that mortgages in Saudi Arabia are just getting started.
Pending Home Sales Declined 4.6% in October
Pending home sales slid for the fifth consecutive month in October, according to the National Association of REALTORS®. Three of four U.S. regions recorded month-over-month decreases, and all four regions recorded year-over-year declines
Commercial and Multifamily Mortgage Delinquency Rates Remain Low in Third Quarter 2022
Commercial and multifamily mortgage delinquencies remained low in the third quarter of 2022, according to the Mortgage
Single-Family Housing Contraction Continues in October
Elevated mortgage rates, high construction costs for concrete and other building materials and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production.
The Keyes Company and Revive team up to help home sellers
Revive, the most complete pre-sale home renovation solution, is partnering with the top independent and family-owned brokerage in Florida, The Keyes Company, to provide its agents with a team
Windermere teams with zavvie, offering tech-driven ways to buy and sell a home
The real estate market is shifting, and as it does, consumers are weighing new tech-driven ways to sell and buy their next home. While multiple offers can help maximize a seller’s profits and cash
Mortgage Application Payments Rise 3.7 Percent to $2,012 in October
Homebuyer affordability continued its downward trajectory in October, as the national median payment applied for by applicants increased 3.7 percent to $2,012 from $1,941 in September
FEDERAL HOUSING ADMINISTRATION ANNUAL REPORT SHOWCASES CONTINUED LEADERSHIP IN AFFORDABLE HOME FINANCING AND STRENGTH...
Annual report to Congress highlights FHA’s leading role in supporting affordable home financing for first-time homebuyers
Commercial/Multifamily Borrowing Declines 13 Percent in Third-Quarter 2022
Commercial and multifamily mortgage loan originations decreased 13 percent in the third quarter of 2022 compared to the same period last year, according to the Mortgage Bankers Association’s
Freddie Mac Announces Underwriting Innovation to Help Lenders Qualify More Borrowers for a Mortgage
Freddie Mac (OTCQB: FMCC) will increase homeownership opportunities by including a review of a borrower’s bank account data to identify a history of positive monthly cash flow activity as part of its technology’s loan purchase eligibility assessments, the company announced today.
Mortgage Credit Availability Decreased in September
Mortgage credit availability decreased in September according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE
HUD Releases Report Assessing Limited Supply of Small Mortgage Lending and Its Impact on...
The U.S. Department of Housing and Urban Development (HUD) today released a report that assesses the factors that limit the supply of small mortgage loans and the impact to affordable homeownership for those interested in lower-priced homes.