BREAKING NEWS
MBA: September New Home Application Purchases Up 34% from Year Ago
With the Terrorism Risk Insurance Act set to expire (again) at the end of 2020, the House Financial Services Committee isn’t wasting time in pushing its reauthorization. And neither is the Coalition to Insure Against Terrorism, of which the Mortgage Bankers Association is a member.
Mortgage applications for new home purchases in September fell by 8 percent from August but jumped by 34.2 percent from a year ago, the Mortgage Bankers Association reported this morning.
ATTOM Data Solutions, Irvine, Calif., reported 143,105 U.S. properties with foreclosure filings in the third quarter, down 6 percent from the previous quarter and down 19 percent from a year ago to the lowest level since Q2 2005.
Commercial real estate values are dictated by property incomes and capitalization rates, or the yields investors are looking to receive on their investments.
Floods are among earth’s most common and most destructive natural hazards. No other kind of natural disaster in America has caused more disruption or destruction than floods. Today’s regulatory environment can move as fast as flood waters. Helping borrowers find opportunities to reduce or even remove their flood insurance starts with understanding all of the basics around this ever-changing area.
ATTOM Data Solutions, Irvine, Calif., named Ohan Antebian to lead its Consumer Businesses.
Mortgage applications inched up for the third straight week as key interest rates increased marginally, the Mortgage Bankers Association reported this week in its Weekly Mortgage Applications Survey for the week ending October 11.
Even a super-fast mortgage origination process isn’t worth the near-$10,000 price tag borrowers are currently facing. That’s just too much to pay for the “privilege” of getting a loan.
Lowering loan manufacturing costs, improving overall mortgage processing efficiencies and achieving optimal risk management begins with improving the quality of the underlying mortgage loan file data.
Jon Forrester is Vice President of Valuation Services with Valuation Partners, Sugarland, Texas, responsible for development and deployment of the company's valuation tools, including hybrid appraisals, as well as creating new efficiencies in the appraisal process.