Category Archives: Mortgages

Mortgage company CEO wants tax break so he can write more mortgages

From Marketwatch: Opinion: This tax break for first-time home buyers could keep the housing market afloat It’s not easy being a home buyer these days. U.S. home prices are high, housing inventory is low, and consumer sentiment is wobbling. A federal … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, Mortgages, National Real Estate | 70 Comments

Fewer options for rent controlled areas

From HousingWire: Trump’s housing-finance plan aims to curb GSE lending in areas with rent control Buckle your seatbelts, California. You may be in for another showdown with the Trump administration. You too, New York and Oregon. When Treasury released its housing finance … Continue reading

Posted in Economics, Mortgages, National Real Estate, Politics, Unrest | 84 Comments

Insanity

From HousingWire: Appraisals may soon not be required on certain home sales of $400,000 and under Certain home sales of $400,000 and under may soon not need an appraisal, as federal regulators are close to approving a proposal to increase … Continue reading

Posted in Economics, Foreclosures, Housing Bubble, Mortgages, National Real Estate | 44 Comments

Snap back to reality

From Mortgage Professional America: Homeowners are getting really good at valuing their homes The gap between the value homeowners put on their refinance mortgage applications and the value assessed by professional appraisers has narrowed for the third straight month. The … Continue reading

Posted in Economics, Mortgages, National Real Estate | 38 Comments

Gettin risky with it

From HousingWire: FHA is increasing lending to riskier borrowers Citing rising risks among the mortgages it is backing, the Federal Housing Administration earlier this year announced that it was changing some of its lending rules to increase the prevalence of manual underwriting. The idea behind the … Continue reading

Posted in Economics, Housing Bubble, Mortgages, Risky Lending | 247 Comments

Refi window opens again

From Housingwire: Here’s how many borrowers should refinance after the recent drop in mortgage rates Mortgage rates fell 22 basis points last week to 4.06%, an event that will likely be a gamechanger for the refinance market. According to the latest report … Continue reading

Posted in Economics, Mortgages, National Real Estate | 102 Comments

FHA getting a bit too risky

From HousingWire: FHA says as many as 50,000 mortgages will be affected by new lending rules Two weeks ago, the Federal Housing Administration took steps to mitigate risks to its single-family portfolio, announcing updates to its TOTAL Mortgage Scorecard that will flag some loans … Continue reading

Posted in Economics, Mortgages, National Real Estate, Risky Lending | 99 Comments

Home sales … skyrocket?

From CNBC: Home sales make record jump, proving how sensitive buyers are to mortgage rates Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors. That is the largest … Continue reading

Posted in Economics, Mortgages, National Real Estate | 19 Comments

Facebook attempts to stop discrimination, after supporting it, and profiting from it, for years.

From HousingWire: Facebook making massive changes to ad platform after being accused of enabling housing discrimination Facebook is making significant changes to its advertising platform after the social media monolith was accused of enabling discrimination in housing, employment, and lending. The … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 46 Comments

Crisis officially over?

From Inman: Delinquency rates fall to pre-housing crisis levels: CoreLogic The number of homeowners failing to make mortgage payments has dipped to levels unseen since before the 2008 housing crisis. Nationwide, only 4.1 percent of homeowners were delinquent on their mortgage in December, … Continue reading

Posted in Economics, Foreclosures, Mortgages, National Real Estate, Risky Lending | 61 Comments

Housing to get more expensive in 2019

From HousingWire: CoreLogic: Home prices will rise in 2019 In 2018, the principal-and-interest mortgage payment on the median-priced home climbed by more than 16%, according to the latest data from CoreLogic. CoreLogic reports that although the median home price rose … Continue reading

Posted in Economics, Mortgages, National Real Estate | 65 Comments

Realtors no longer positive on housing?

From Marketwatch: Why 2019 won’t lead to a home buyer’s market As 2018 winds to a close, the housing market has shown signs of a slowdown. Throughout this year, observers have begun to speculate that the country’s housing market may … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate | 69 Comments

The big slow continues

From CNBC: Home price gains shrink to the lowest level since January 2017: September S&P Case-Shiller index Home values are still rising, but the gains have now shrunk to the lowest level since January 2017, as rising mortgage rates cut … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 168 Comments

Buyers prefer used houses

From the USA Today: Rising mortgage rates, home prices are becoming a toxic cocktail in the housing market Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation’s homebuilders. Sentiment … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate, New Development | 71 Comments

Home price growth continues to slow

From CNBC: Home price gains fall below 6% for the first time in a year: August S&P Case-Shiller index Mortgage interest rates didn’t begin their recent surge until the start of September, but home prices were already feeling pressure, as … Continue reading

Posted in Economics, Mortgages, National Real Estate | 160 Comments