Embrace Home Loans, Lehi, Utah, announced plans to roll out SimpleNexus, a homeownership platform for loan officers, borrowers, real estate agents and settlement agents, to more than 300 retail mortgage LOs before the end of the year.
Tag: Redfin
Redfin: Bidding-War Rate Intensifies as Housing Shortage Fuels Fierce Competition
Redfin, Seattle, reported nationwide, 60.9% of home offers written by Redfin agents faced bidding wars in February, up from a revised rate of 59.3% in January, the 10th-straight month in which more than half of offers encountered competition.
Housing Market Roundup
Among the many housing reports that came across our desk this week: Genworth Mortgage Insurance said 2020 was the “best year on record” for first-time home buyers; Radian said February home prices accelerated; Black Knight reported mortgage delinquencies rose for the first time in nine months; and Redfin said the home-buying process is becoming a headache for many consumers.
In Bidding Wars, Cash—Especially All-Cash—is King
With more than half of home sales in many U.S. markets seeing multiple offers, one strategy seems to be working in winning the bidding war—cold, hard cash.
Housing Market Roundup—Mar. 19, 2021
Here’s a rapid-fire summary of recent reports on the housing and housing finance industries:
Housing Market Roundup: Mar. 12, 2021
Lots of housing market reports piling up in the MBA NewsLink inbox. Let’s get going:
Despite Home-Equity Uptick, Black American Median Home Values Lag Behind
Despite promising data showing substantial gains in home equity, Black Americans still lag well behind other demographic cohorts, according to a new report from Redfin, Seattle.
Industry Briefs Mar. 8, 2021
Ginnie Mae, Washington, D.C., said mortgage-backed securities issuance volume fell in February to $76.92 billion, down from the record $82.6 billion issued in January.
Reports Cite Progress—and Work to Do—for Female/Minority Home Buyers
Two reports illustrate both the progress made in lending to women and minorities and the challenges lenders continue to face in expanding minority homeownership.
Industry Briefs Mar. 3, 2021
Equifax, Atlanta, launched its Ignite Lost Sales Analysis platform, which leverages the Equifax cloud to provide the differentiated data, actionable insights and clear visualizations lenders need during prospecting, origination and portfolio retention.