States Title announced $150 million in debt financing to be used towards modern home closing technology. The debt is from HSMC Bermuda.
The post States Title raises $150M for home closing tech appeared first on HousingWire.
Mortgage loan application volume fell 5.1% week over week, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The MBA’s composite index posted a 5.1% seasonally adjusted decline. On an unadjusted basis, it was down 4% week over week. “Expectations of faster economic growth and inflation continue to push Treasury yields … [Read more…]
Update 2/18/21: This appears to be working again according to US Credit Card Guide & FT datapoints. Beginning January 14th, United Airlines Travel Bank purchases no longer work to trigger the American Express airline incidental credit, according to reader ChurningExperiences and various data points on Flyertalk. They switched the category of the purchase from âspecial […]
A no-closing-cost refinance or home purchase saves you money upfront But your rate will be higher. Learn when a no-cost mortgage is a good idea.
Posted To: MND NewsWire
The Urban Institute (UI) says the surge in foreclosures predicted as the COVID-19 pandemic drove unemployment to the highest level since the Great Depression may not materialize, even when the current forbearances end. Two UI researchers, Michael Neal and Laurie Goodman, say that even vulnerable homeowners may be spared, and they think they have identified the reasons. Mortgage forbearance rates peaked at 8.55 percent of active mortgage in June 2020 and began to fall when unemployment rates did. Since October, however, both unemployment and forbearance rates have flattened. This has heightened concern that many homeowners could face foreclosure later this year. The authors say about a quarter of the 2.7 million borrowers who remain in forbearance plans are continuing to make their payments…(read more)
The short answer: Immediately. That is, if you want to buy a home at some point in the next year, or any time thereafter. Weâll get into the specifics in a moment, but thereâs really no sense in waiting if you want to own a home or condo because itâs always going to be a [&hellip
The post When Should You Start Looking for a House? first appeared on The Truth About Mortgage.
Mortgage rates are still meager, historically speaking, but 3.375% or higher may be enough to slow the home price growth rate â which, right now, is simply too hot. The days on the market went from 43 days last year to 21 days currently.
The post Existing home sales are still too hot appeared first on HousingWire.
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A fundamental premise of today’s housing and mortgage markets is that there is not nearly enough supply for the demand that’s out there. While the consensus solution is to simply build more houses, one mortgage CEO explained that there’s a gap in the market that amounts to an estimated $1 trillion worth of property currently … [Read more…]