BREAKING NEWS
FHFA Extends GSE Forbearance Purchases through Sept. 30
The Federal Housing Finance Agency announced yesterday that Fannie Mae and Freddie Mac will extend buying qualified loans in forbearance and several loan origination flexibilities through September 30.
ATTOM Data Solutions, Irvine, Calif., said its third quarter Vacant Property and Zombie Foreclosure Report showed 1.5 million residential properties in the United States are vacant, representing 1.6 percent of all homes. Nearly 4 percent of these vacant homes face foreclosure—so-called “zombie foreclosures.”
Redfin, Seattle, said home prices and year-over-year price gains hit another high as prices continued to rise during a time of year that they usually decline.
The Federal Housing Finance Agency this afternoon said Fannie Mae and Freddie Mac would delay implementation of a controversial Adverse Market Refinance Fee by two months, to Dec. 1.
Overlooking this factor when choosing an eClosing technology service provider could cost you.
The office sector saw downward pressure even before the COVID-19 crisis. Now, burdened with a shift toward remote working, it could be particularly hard hit in the coming years, said Moody’s Analytics.
The U.S. real estate industry is in a volatile state – as much, if not more, than it was during the 2008 financial crisis. We are seeing some record numbers in the mortgage industry with rising foreclosures, really low interest rates, and shortage of inventory. This does seem to be a stable environment, though – but while things seem to fall in place at times, the next moment new factors disrupt the market environment. Here are three areas of turbulence in the mortgage industry.
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
SimpleNexus, Lehi, Utah, enhanced its integration with MobilityRE with new features that improve the home search experience for borrowers and enable lenders and realtors to respond more swiftly to borrower requests.
State financial service regulators launched a survey of licensed mortgage loan originators yesterday to gather information on various job functions as part of a process to validate the nationwide licensing exam.
It’s that time of year again. The annual renewal invoices for your trade association memberships arrive. You think about how you leveraged memberships over the past year but it’s likely that your company could have done more to get the most out of it. Here are a few suggestions on how commercial/multifamily members can effectively leverage Mortgage Bankers Association resources to get the most benefit from your firm’s membership.
Gantry, San Francisco, secured $23.5 million in financing for two California office buildings.
