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Mortgage rates have been slowly dropping recently, which has caught some people off guard. With inflation data that is still higher than the Federal Reserve ‘s target, the recent decrease has left many intrigued. Was it the recent inflation reports or the last batch of labor data that played a significant role in this shift? The Fed’s recent hawkish stance, refraining from rate cuts and advocating for extended higher rate language, adds to the mystery.
Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
The most anticipated economic report of the month showed that inflation cooled down a little in April, bringing relief to investors and housing industry professionals. Consumer prices in April were up 3.4% from a year earlier, down from 3.5% in March , according to data released by the Bureau of Labor Statistics on Wednesday. The reading, which came on the heels of the past three stronger-than-expected CPI releases, aligned with economists’ forecasts.
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Don't miss your opportunity to celebrate success and innovation. Submit nominations in 13 categories by Friday before winners are announced this August.
New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. On Tuesday, NYCB said it entered into a commitment letter with JPMorgan. The transaction is subject to due diligence, negotiation of definitive terms and other closing conditions.
Machines à Sous Casino Gratuit Or, le résultat n’est souvent pas à la hauteur des attentes. Pour immerger les joueurs dans le thème casino vous pouvez agrémenter votre salle ou table de réception de décoration avec des jetons, cartes ou faux dollars. De plus, les retraits sont extrêmement rapides et mettent seulement quelques minutes à arriver en fonction de l’état du réseau.
A lot has been said about the ‘silver tsunami,’ with predictions that baby boomers will move in droves , suddenly unlocking tons of inventory for younger homebuyers. After all, boomers own almost 10 million homes and are likely considering a lifestyle change. Our data supports this prediction: 85% of baby boomers who are planning to sell their homes in the next 5 years will actually do so in the next three.
OneTrust Home Loans is now using LenderLogix ‘ Fee Chaser product to streamline its operations and compliantly collect upfront fees from its borrowers. Fee Chaser’s direct integration with OneTrust Home Loans’ loan origination system (LOS) enables loan officers and other support staff to send a unique payment link to the borrower with one click. Once borrowers pay using the link, Fee Chaser delivers a receipt to all parties and automatically updates the loan file within the LOS.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
VantageScore has released a pilot of its latest credit-scoring model , VantageScore 4 Plus, for banks, fintechs and government lenders. The new model combines alternate open banking data with traditional credit data , which it claims gives lenders a “substantial predictive lift of up to 10% compared to the industry leading VantageScore 4.0 credit score, which itself has up to an 8% lift over conventional scoring models.” VantageScore said its new pilot is compatible with all major ag
Clear Capital ‘s suite of valuations solutions is now available through Dark Matter ’s Exchange Service Network, an API marketplace for mortgage lenders, servicers and service providers that helps manage electronic data exchange between them. That means companies using the Empower loan origination system (LOS) and other notable systems of record will have access to a broad range of Clear Capital products and services, including ClearAVM, Clear Capital’s automated valuation model (AVM).
This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen. In the 24 months beginning March 2022, the U.S. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously.
Luis Campudoni has been named chief information officer for the Federal Housing Finance Agency (FHFA) while Mary Peterman has been named chief financial officer. Campudoni has more than 25 years of experience in information technology. He recently joined FHFA after spending two years as the deputy chief information officer at the Small Business Administration (SBA), where he led, executed, and oversaw the information technology products, services, and operations that supported the SBA’s mission.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Many prospective U.S. homebuyers fear missing out on the perks of owning a home. According to the newest Bank of America Homebuyer Insights Report , 72% of respondents worry about potential rent hikes impacting their finances. The report also reveals growing uncertainty about whether to rent or buy, with 57% of survey respondents unsure if now is a good time to purchase a home, compared to 48% last year.
There were 31,649 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in April, down 4% compared with March and down 4% compared with April 2023, according to ATTOM. Maryland, Illinois, and Nevada posted highest foreclosure rates for the month. Lenders started the foreclosure process on 21,753 properties in April, down 7% compared with March and down 3% compared with April 2023.
From 2010 to 2024, the reverse mortgage industry sought to allow remote reverse mortgage counseling in the state of Massachusetts, citing an insufficient number of actual counselors and logistical challenges for senior clients. But as time dragged on and state lawmakers seemed unwilling to seriously entertain the proposal, the ravages of the COVID-19 coronavirus pandemic helped to change the dynamics of the situation.
Mortgage application volume increased 0.5% during the week ended May 10, as the average rate for a 30-year, fixed-rate mortgage dropped to 7.08%, down from 7.18% one week earlier, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 5% compared with the previous week and were up 7% compared with the same week one year ago.
The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans. The CHLA argues that Ginnie Mae has not been given sufficient budget authority by the congressional appropriations process despite the value it generates.
Today on the Appraisal Buzz, host Hal Humphreys interviews Craig Capilla, Partner of Franklin, Greenswag, Channon & Capilla and one of the leading lawyers representing appraisers for the real estate appraisal industry. Craig tells us a bit about his history in the industry and how he ended up as a lawyer working with real estate appraisers. We also discuss some of the takeaways appraisers can glean from Capilla’s “Mock Trial” session at the ACTS conference this year.
In the contemporary digital landscape , one of the principal threats to an organization’s cybersecurity infrastructure stems from sophisticated email phishing attacks. The increasing complexity of these tactics necessitates a strategic approach to arm employees with essential skills and knowledge, thereby enhancing their ability to recognize and neutralize such threats.
It is easy to be critical. Harder to be “right.” In order to be really right, it is important to know how to be very critical! Critical thinking is a professional must. Rule #1: Remember that imposing your belief comes first. Rule #2: How you got to your starting position doesn’t really matter. Rule #3: […] The post Get Critical? appeared first on George Dell, SRA, MAI, ASA, CRE.
Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption.
Homebuyers have yet to respond in force to drop in rates, which have been in retreat from 2024 highs for three consecutive weeks following Fed easing and soft jobs and CPI reports.
Remote online notarization (RON) firm Proof has launched an artificial intelligence (AI)-powered fraud detection tool called Defend. According to the company’s announcement on Tuesday, the tool is built into the Proof platform. The firm said it was inspired to create the tool due to a desire to stop the $81 billion in annual losses in the U.S. caused by falsified records, forged signatures and identity theft.
The lender boosted mortgage volume 25 percent from Q4 but suffered a $51 million loss, according to Q1 earnings data on Tuesday. CEO Vishal Garg said Better's future "lies in Uberizing the loan officer.
With mortgage rates averaging above 7% for the past four weeks per data from Freddie Mac, builder sentiment posted its first decline since November 2023. Builder confidence in the market for newly built single-family homes was 45 in May, down six points from April, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing.
JPMorgan Chase Bank has agreed to buy about $5 billion in mortgage warehouse loans from NYCB. Flagstar will continue retail and wholesale mortgage lending and servicing operations.
Both overall and core inflation eased slightly in April amid higher costs for gasoline and shelter. On a year-over-year (YOY) basis, the shelter index rose by 5.5% in April, following a 5.7% increase in March. Despite a slowdown in the YOY increase, shelter costs continue to put upward pressure on inflation, accounting for nearly 70%.
On the heels of the National Association of Realtors’ midyear meeting, broker-owner Teresa Boardman wonders why NAR doesn’t livestream (and engage) more members.
My goal is to regularly produce local real estate market trend analysis on a monthly basis, focused on my primary markets of Yolo County and Northern Solano County. I’ll have Solano County analysis next week. I’ll also mix in relevant news and articles of interest.
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