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After several years of these record-breaking wildfires, a new report examines properties at risk of damage from wildfires in the United States.
Read More »Wildfires and Housing: Knowing the Risks
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Global Fears Spark Increase in Mortgage Rates
Freddie Mac’s latest Primary Mortgage Market Survey shows that the 30-year fixed rate mortgage rose to 3.56%. Despite the increase, this is the first time the 30-year fixed rate mortgages have been under 3.6% for more than four-consecutive weeks since ...
Read More »Americans React to Affordability Issues
A recent survey discovered that the majority of American households believe the nation is suffering a housing affordability crisis. How has affordability shifted in the past year?
Read More »Consumers Weigh in On Fed Rate Cuts and Mortgages
With economists predicting a second rate cut around the corner, a recent survey from WalletHub examines how consumer think interest rate cuts will impact their mortgages.
Read More »The Risks of Real Estate Fraud
Undisclosed real estate fraud, when an applicant intentionally fails to disclose additional real estate debt or past foreclosures, decreased in Q2, but according to CoreLogic, this fraud type is still one of the msot common forms of real estate fraud.
Read More »Lender, Wholesaler Announce Integration
Plaza Home Mortgage, Inc., a wholesale and correspondent mortgage lender, has announced new integrations with Calyx Wholesaler MarketPlace that are designed to create an even more seamless experience for brokers using this portal. Specifically, Plaza Home Mortgage will be the ...
Read More »Ginnie Mae, NewDay USA Reach Agreement on VA Loans
NewDay USA, one of the nation's largest VA mortgage lenders serving veterans and servicemembers, has been approved as a Ginnie Mae Servicer Seller for VA loan production. NewDay is currently approved to issue Ginnie Mae I and II securities for ...
Read More »Promotion of Innovation, Compliance Addressed in New CFPB Policies
The Consumer Financial Protection Bureau on Tuesday issued three new policies to promote innovation and compliance. The CFPB issued the No-Action Letter (NAL) Policy; Trial Disclosure Program (TDP) Policy; and the Compliance Assistance Sandbox (CAS) Policy. According to the CFPB, ...
Read More »Financial Services Bills Address Rural Housing and Appraisals
The U.S. House of Representatives passed five bills offered by House Financial Services Committee Members on Tuesday, three of which are directly housing related.
Read More »Hurricane Season Hitting its Peak
Hurricane Dorian is long gone, but forecasters are watching disturbances in the Atlantic that could turn into hurricanes in the days to come.
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