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Updated: 46 min 49 sec ago
As part of an effort to simplify the real estate transaction process, Move Inc., which operates Realtor.com for the National Association of Realtors, recently announced an agreement with zipLogix that will bring the zipForm digital library of transaction documents to the Reesio platform, which is a document and transaction management platform that allows the entire real estate transaction to be done online.
While first-mortgage originations for subprime borrowers are growing, it’s not the same faulty mortgages that plagued the financial crisis. This time around lenders are heightening their focus on consumers’ ability to repay.
Freddie Mac announced Monday that it obtained more insurance policies designed to cover much of the remaining credit risk associated with its first Structured Agency Credit Risk transactions of 2016.
The GSE has officially set the release date for Desktop Underwriter Version 10.0 for the weekend of June 25 after originally announced the changes last year. Here’s a timeline for what lenders can expect going forward.
With the race for the White House heating up, Democratic Presidential hopeful Sen. Bernie Sanders, I-VT, dropped a new campaign ad over the weekend that again paints Sanders squarely as Wall Street’s archenemy, and takes direct aim at the Wall Street bank that’s seemingly dominated the headlines of this election cycle – Goldman Sachs.
Network Funding, a private residential mortgage lending company, announced the funding of its first Common Sense Lending Initiative programs, which was introduced to homebuyers in late 2015.
Fannie Mae, the most reliable source of financing in the multifamily sector, provided $42.3 billion in financing to support 569,000 homes. These homes are financed to support affordable or workforce housing.
Although homebuying in January followed the seasonal trend, with fewer homes on the market and slow sales movement, the housing market is expected to pick up heading into the spring homebuying season, with these 20 housing markets coming out on top.
For the second time in just over six months, First Tennessee Bank, the regional bank for First Horizon National, is settling with the federal government over allegations that it violated U.S. lending laws. In June 2015, First Tennessee agreed to pay $212.5 million to resolve allegations that it violated the False Claims Act. HUD announced Monday that it reached a settlement with First Tennessee over allegations that the bank violated the Fair Housing Act.
While it’s not alarming that home prices continued to rise, what would this look like if the trend continued, especially given that home prices have already increased year-over-year for 43 consecutive months? With the right economic conditions, in two years, it could be a lot more difficult for people to afford a home.
Actor Johnny Galecki, also known as physicist Leonard Hofstadter, listed his home in Los Angeles for $1.995 million. The place was also home to another famous television celebrity, Patrick Dempsey.
Real estate agents Joyce Rey and Cyd Greer of Coldwell Banker sold late actor and comedian Robin Williams’ estate, also known as “Villa Sorriso,” or “Villa of Smiles,” for $18.1 million in an all-cash deal. The home first hit the market late last year for $29.5 million.
More college graduates are now able to afford housing, according to a new report by the Federal Reserve Bank of New York. The idea that college graduates are doomed to work in coffee shops is fading away, as people with college degrees start to fare better than those without.
Homeownership rates continue to rise for a second quarter in a row due to job growth and the ability to gain credit. Growth in some segments of the population is larger than in others. And there's one age demographic that took a step back.
There is a lot of debate surrounding the future or lack thereof of Fannie Mae and Freddie Mac, with opinions coming from the White House, Congress, trade groups, just to name a few. But predicting the future of the GSEs just got a little harder. Plus, is it time to buy the country's biggest banks? All that, and more, in your Monday Morning Cup of Coffee.