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The Evergrande crisis: Everything real estate agents need to know

One of China's largest property developers is in dire financial straits, and the world is watching. What does it mean for the U.S. housing market, real estate agents and the economy?
Tags: Developer, China, Supply Chains, Economy, Materials, Radio, Mortgage, Construction, Caterpillar, Evergrande, Markets & Economy, Select, Banking & Lending

Low mortgage rates keep home costs in an acceptable range

Ownership costs for the median home remain within a normal range but are nearing the point where lenders might start to balk.
Tags: Radio, Mortgage, Lenders, Markets & Economy, Select, Median Home Price, Home Prices, Home Affordability, ATTOM Data Solutions, Banking & Lending, Median Wage

Fed prepared to taper mortgage purchases this year

The Fed's debt purchases are credited with helping keep mortgage rates low during the pandemic.
Tags: Interest Rates, Economy, Radio, Mortgage, Federal Reserve, Mortgage Rates, Fed, The Fed, Jerome Powell, Tapering, Markets & Economy, Mortgage-Backed Securities

Interest in second homes remains down for third consecutive month

Many buyers are still considering second-home purchases, but the number was down from last year's blistering levels.
Tags: Investing, Radio, Mortgage, Mortgage Rates, Rentals, Redfin, National Association of Realtors, Markets & Economy, Select, Home Sales, Second Homes, Vacation Homes, Low Mortgage Rates, Investment Homes, Rate Locks

Demand for mortgages surges as inventory situation improves

Housing demand is strong heading into the fall, despite fast-rising home prices and low inventory.
Tags: Listings, Radio, Mortgage, Mortgage Rates, Inventory, Mortgage Bankers Association, Markets & Economy

Will every mortgage lender soon have a cash offer product?

Because Evergreen is a mortgage bank, it's got the funds to not only purchase homes with cash, but provide permanent financing directly to the homebuyer. That means it can close faster than cash offer programs that outsource financing.
Tags: Radio, Mortgage, Evergreen, Cash Offer, CashUp, CashUp by Evergreen, Don Burton, Evergreen Home Loans, Tamra Rieger

Landmark study confirms troubling ‘appraisal gap’ in minority enclaves

Mortgage giant Freddie Mac's analysis of 12 million appraisals comes as federal task force prepares action report to address appraisal bias.
Tags: Regulations, Radio, Mortgage, Freddie Mac, Fannie Mae, Appraisal Institute, Appraisal, Marcia Fudge, Appraisals, Appraisal Bias, Appraisal Gap, Appraiser Diversity Initiative

Home sales will cool off for the rest of this year and next: Fannie Mae

Projected growth in new home sales wouldn't offset expected drop in existing home sales, according to Fannie Mae's latest monthly forecast.
Tags: Interest Rates, Radio, Inflation, Mortgage, Federal Reserve, Mortgage Rates, Inventory, Fannie Mae, Markets & Economy, Home Prices, Home Sales, Existing-Home Sales, New Home Sales

‘Holding pattern’: Virus extends stable period for mortgage rates

Rates for 30-year mortgages have remained virtually unchanged for two months even as lenders reported recent movement on other loan types.
Tags: Radio, Mortgage, Mortgage Rates, Freddie Mac, Markets & Economy, Banking & Lending, 30 Year Fixed-rate, 15-year Fixed Rate, Lender Survey

Regulators loosen reins on Fannie and Freddie

It’s been an abrupt about-face for Fannie and Freddie, which under the Trump administration were on a path to privatization. Democrats have put the brakes on those plans, seeing an opportunity to use Fannie and Freddie to provide better access to home loans for underserved borrowers.
Tags: Regulations, Radio, Mortgage, Trump, Freddie Mac, Freddie, FHFA, Fannie Mae, Federal Housing Finance Agency, Fannie, Markets & Economy, Investment Properties, Second Homes

Ribbon raises $150M round, vows to expand into half of US by 2023

Currently, the homeownership startup operates in North Carolina, South Carolina, Tennessee, Georgia, Texas and Florida.
Tags: Technology, US, Radio, Mortgage, Greylock, Bain Capital Ventures, Ribbon, Greenspring Associates, Select, News Brief, NFX, NYCA, Thomvest, Shaival Shah, Banking & Lending, Jake Seid

United Wholesale Mortgage to launch in-house appraisal capability

The service, UWM Appraisal Direct, is optional and mortgage brokers will still have the option to choose from roughly 100 UWM-approved appraisal management companies.
Tags: Amc, Radio, Mortgage, Uwm, Appraisal Institute, Rocket Mortgage, Justin Ishbia, AMCS, Alex Elezaj, United Wholesale Mortgage, Mat Ishbia, Amrock, Appraisal Management Companies, Rodman Schley, UWM Appraisal Direct

Mortgage insurer Enact’s IPO is back on track

With investors showing renewed confidence, Genworth Financial is ready to move forward with plans to sell part of its mortgage insurance subsidiary in an initial public offering.
Tags: Radio, Mortgage, Industry News, FHA, PMI, Radian, MGIC, National MI, Private Mortgage Insurance, Genworth Financial, Genworth Mortgage Insurance, Essent

Black Knight expanding services it provides to growing mortgage broker segment

Cloud-based loan origination system, LoanCatcher, touted as providing the same level of technology employed by nation's largest lenders.
Tags: Technology, Radio, Mortgage, Industry News, Black Knight, Banking & Lending, Surefire CRM, Top of Mind Networks, Rich Gagliano, LoanCatcher

Real estate disruptors get serious about mortgage — and vice versa: Mike DelPrete

Real estate tech disruptors are investing billions to build integrated brokerage and mortgage experiences. Some have more resources than others, but all have the same scaling bottlenecks. And in the end, the biggest disruptors — and who is most at risk — might come as a surprise.
Tags: Data, Analysis, Radio, Teams, Rocket, Mortgage, Select, Better Mortgage, Mike Delprete, Rocket Homes

HUD homes more likely to be in floodplains: Report

HUD is not required to disclose flood risk to would-be homebuyers, most of whom didn't learn that the home they were interested in was located in a flood zone until they were told by their lender that they needed to buy flood insurance.
Tags: Regulations, Radio, Fema, Hud, Mortgage, National Flood Insurance Program, NFIP, Flood Zones, Flood Maps

Rising home sales, prices help title insurers post record profits

Rising home sales and prices helped title insurers post their best second quarter earnings ever, thanks to lower claims and a surge in premiums.
Tags: Radio, Fidelity, Mortgage, Stewart, Old Republic, Markets & Economy, Title Insurance, First American, Fidelity National Financial, 2019 Nar Profile Of Real Estate Firms, Stewart Information Services, Old Republic Title Insurance Group

Wells Fargo fined over mortgage loan modification practices

Wells Fargo has agreed to pay a $250M fine after an investigation by federal banking regulators found fault with its practices for helping homeowners with mortgage problems.
Tags: Regulations, Radio, Mortgage, Wells Fargo, CFPB, OCC, Consumer Financial Protection Bureau, Charlie Scharf, Office of the Comptroller of the Currency, Banking & Lending, Loan Modifications, Loss Mitigation

Lenders less certain about future growth in purchase mortgages

Lenders are still anticipating a shift in mortgage lending from refinancing to purchase loans, but it may not be as sudden as anticipated.
Tags: Radio, Mortgage, Fannie Mae, Markets & Economy, Housing Markets, Mortgage Refinancing, Purchase Mortgage

Americans cashing out as home equity hits record $9.1 trillion

Rise in home values may also help borrowers who decided to put their mortgage payments on hold during the pandemic.
Tags: Radio, Mortgage, Foreclosure, Home Equity, Forbearance, Cash-Out Refi, Mortgage Refinancing, Cash-out Refinance, Cash-out Refinacing

Why Lower.com is about much more than mortgage rates

There's a backstory to Lower that explains why the company believes it can position itself as not just a lender, but "Everything for your home, for Lower."
Tags: Technology, Regulations, Radio, Mortgage, Dan Snyder, RESPA, Rocket Mortgage, Loandepot, Lower, Agent Referrals, Agent Matching, Lower.com, Rocket Cos

Demand for mortgages retreats to July levels

In what could be a preview of what's in store if mortgage rates continue to rise, demand for purchase loans remains subdued compared to a year ago.
Tags: Radio, Mortgage, Federal Reserve, Mortgage Rates, Mortgage Bankers Association, Markets & Economy

Fannie and Freddie must submit equitable housing finance plans

Having put the brakes on the Trump administration's plans to reprivatize Fannie and Freddie, Democrats have been pushing for the "government sponsored enterprises" to provide more home loans for underserved borrowers.
Tags: Regulations, Radio, Mortgage, Industry News, Trump, Freddie Mac, FHFA, Fannie Mae, Federal Housing Finance Agency, Fannie, Fair Lending, Freddie Democrats

Unlicensed mortgage broker siphoned off $4.74M in refi proceeds

An unlicensed mortgage broker faces up to 30 years in prison after pleading guilty to a fraud scheme in which $4.74 million in mortgage refinancing proceeds were allegedly wired to accounts controlled by the perpetrators.
Tags: Regulations, Fbi, Radio, Mortgage, News Brief, Mortgage Fraud, Brent Kaufman

Ida flooding could jeopardize 47,000 home sales in NY and NJ

Devastating flash floods in New York and New Jersey in the aftermath of Hurricane Ida could delay or derail as many as 47,000 pending real estate transactions valued at more than $19.4 billion in those states alone, according to an analysis by ClosingCorp.
Tags: New York, Radio, Fema, New Jersey, Mortgage, Natural Disasters, Ida, Markets & Economy, Hurricane Ida, ClosingCorp

Homebuyer sentiment ticks up for the first time since March

Most consumers continue to report that it’s a good time to sell a home — but a bad time to buy — and they frequently cite high prices and a lack of supply as their primary rationale.
Tags: Employment, Economy, Radio, Inflation, Mortgage, Federal Reserve, Fannie Mae, Tapering, Markets & Economy, Home Prices, Consumer Confidence, National Housing Survey, Consumer Sentiment

Mortgage rates cap off their most stable month of 2021 so far

Rates for 30-year mortgages barely budged over the last month, even as lenders sifted through new statements from Federal Reserve officials.
Tags: Mortgages, Radio, Mortgage, Federal Reserve, Freddie Mac, Markets & Economy, Sam Khater, Banking & Lending, 30 Year Fixed-rate, 15-year Fixed Rate, Lender Survey

Individuals to get better shot at buying foreclosed homes

The Biden administration wants to give owner occupants a better shot at purchasing homes repossessed by HUD, Fannie Mae and Freddie Mac.
Tags: Regulations, Radio, Hud, Mortgage, Biden, Affordable Housing, Freddie Mac, FHA, Fannie Mae, Markets & Economy, Foreclosures, Real Estate Owned, bulk REO sales, REO sales, HUD Fannie Mae

Regulators probe ‘education fraud scheme’ by loan originators

California is leading a multi-state regulatory task force investigating a company suspected of allowing mortgage loan originators to skirt their pre-licensing and continuing education coursework requirements.
Tags: California, Regulations, Radio, Mortgage, Licensing, Continuing Education, NMLS, DFPI, Conference of State Banks Supervisors, Loan Originators, Nationwide Multistate Licensing System, Real Estate Educational Services

Millions of homes at risk of flash floods from Tropical Storm Ida

Ida, which hits just as new risk ratings for the National Flood Insurance Program are scheduled to take effect on Oct. 1, could also put uninsured property owners at risk.
Tags: Radio, Fema, Mortgage, Industry News, Ida, National Flood Insurance Program, Markets & Economy, Hurricane Ida, Tropical Storm Ida

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