News

News

3 April 2020

Housing Industry Experts Look For Glimmers Of Hope In Dismal Jobs Report

HousingWire Will the strength in the residential construction space and in refinancing activity be enough to withstand historic economic pressures? The U.S. economy reported a plummet of 701,000 nonfarm payrolls in the early part of March, according to new data posted Friday by the U.S. Bureau of Labor Statistics. This marked the first decline in payrolls […]

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3 April 2020

How Does The Real Estate Closing Process Work In A COVID-19 World?

HousingWire Industry comes together to best protect borrowers and members from coronavirus. From shopping for a mortgage and looking for a real estate agent to touring homes and signing the real estate closing documents, the process to buy a home has long been an in-person transaction. Despite massive competition in the industry to be first […]

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3 April 2020

Mortgage Lenders Are Tightening Standards As Coronavirus Crisis Worsens

HousingWire Origination overlays become the new norm for mortgage lenders. As market volatility increases due to the coronavirus pandemic, mortgage lenders are increasingly tightening their lending standards to add in increased protections against borrower default. Specifically, many lenders are adding overlays to their origination process. Overlays are new lending policies that dictate new standards for […]

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2 April 2020

Six Museums You Can Tour From The Comfort Of Your Own Home

Sotheby’s International Realty Six Museums You Can Tour from the Comfort of Your Own Home This Weekend While staying at home and practicing safe social distancing are the best courses of action to combat the COVID-19 pandemic, it doesn’t mean we have to miss out on cultural landmarks around the world. Thanks to the Google Arts […]

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2 April 2020

FHA Rolls Out New Mortgage Relief Options Amid Coronavirus Outbreak

HousingWire Implements CARES Act provisions for forbearance. With a record number of people suddenly unemployed due to the impact of the coronavirus on the nation, the government is taking steps to allow some borrowers to pause their mortgage payments for six months or longer. The Department of Housing and Urban Development announced Thursday that the Federal Housing Administration is rolling out […]

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2 April 2020

Mortgage Rates Drop Again

Freddie Mac Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing that the 30-year fixed-rate mortgage (FRM) averaged 3.33 percent. “Mortgage rates have drifted down for two weeks in a row and that drop reflects improvements in market liquidity and sentiment,” said Sam Khater, Freddie Mac’s Chief Economist. “While the market has […]

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2 April 2020

Foreclosure Activity In February Hit Lowest Point In 15 Years

Inman News There were a total of 48,004 properties with foreclosure filings in February 2020, the lowest number since Attom began tracking the data in April 2005. In February 2020, there were a total of 48,004 U.S. properties with foreclosure filings — the lowest number of filings recorded since Attom Data Solutions began tracking the […]

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1 April 2020

Fannie Mae, Freddie Mac Tighten Some Standards, Loosen Others Amid Coronavirus Crisis

HousingWire GSEs make more changes as crisis worsens. With the coronavirus continuing to wreak havoc across the country, the nation’s two largest sources of mortgage funding are taking additional steps to address issues that currently exist within the lending process. Fannie Mae and Freddie Mac announced Tuesday that they are tightening some lending standards while also beginning to […]

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1 April 2020

Mortgage Applications Rebound After Interest Rates Fall

HousingWire Applications increase 15% over previous week. Needless to say, the mortgage business has been through a lot in the last month or so. And that tumult continued in the last week as mortgage applications bounced back up after plummeting from record highs. It all started in early March when applications hit a near 11-year high driven […]

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31 March 2020

Pending Home Sales Rose 2.4% In February

National Association of Realtors Pending home sales rose in February, climbing for the second consecutive month, according to the National Association of Realtors®. Each of the four major regions saw an increase in month-over-month contract activity, as well as growth in year-over-year pending home sales transactions compared to one year ago. The Pending Home Sales […]

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