Knock brings its 'Home Swap' platform to Houston
The reimagined platform is now available through more than 8,000 real estate agents
by Patrick Kearns Sep 10
As mortgage rates drop, loan applications rise 2.9%
The market composite index, which measures mortgage loan application volume, increased by 2.9% on a seasonally adjusted basis. On an unadjusted basis, the index rose by 2.0%
55% of those who bought homes during the pandemic now regret it
A new survey commissioned by LendEDU found that low rates lured in new buyers, but now many are struggling to pay their mortgage
Ramped-up mortgage purchases signal high homebuying demand
Mortgage purchase applications were up 28% year over year, according to data released Wednesday by the Mortgage Bankers Association
by Patrick Kearns Sep 2
RE/MAX acquires fintech startup to support mortgage brokerage biz
The acquisition of wemlo, a startup that provides third-party mortgage loan processing services, is an investment in the company's rapidly growing Motto Mortgage franchise business
by Patrick Kearns Sep 1
Share of mortgage loans in forbearance stays flat after 10-week decline
After 10 consecutive weeks of mortgage loans in forbearance showing declines, the total number of loans in forbearance appears to have flattened out at 7.2%
New federal legislation aims to help buyers save for down payments
Similar to a 529 Plan, the American Dream Down Payment Act would help homebuyers save 20% for a down payment in a state-managed savings account
by Marian McPherson Aug 27
QM rule
The fee will no longer apply to refinance loans with balances below $125,000 or to the government-sponsored enterprises' affordable refinance products
by Andrea V. Brambila Aug 27
Mortgage applications down 6.5% but home purchase market 'a bright spot'
Purchase applications are up 33% compared to a year ago — the 14th straight week of annual gains — according to a new survey from the Mortgage Bankers Association
by Andrea V. Brambila Aug 26
Shares of mortgages in forbearance decline for 10th straight week
Despite the positive trend, the Mortgage Bankers Association estimates 3.6 million homeowners are in forbearance plans
by Patrick Kearns Aug 25
It became more difficult to buy a house in these cities in June
First American's 'real house price index' surged in certain cities as the median income plummeted while home prices rose
by Patrick Kearns Aug 24
VA loan activity swells during coronavirus pandemic
New data from the Department of Veterans Affairs provides further evidence that the pandemic has not slowed down demand for real estate or real estate financing
by Jim Dalrymple II Aug 20
Mortgage rates, still historically low, begin ticking upward
Low rates have helped fuel an extraordinarily active summer for real estate. Although they remain historically low, a gradual trend upward could be less than stellar news for consumers
by Jim Dalrymple II Aug 20
FHFA
During the second quarter of 2020, 1.69M refinance mortgages were secured by residential properties in the U.S., a number up nearly 50% from the first quarter, and up more than 100% year over year to its highest level in 7 years
by Lillian Dickerson Aug 19
Feds propose new mortgage category
The Consumer Financial Protection Bureau believes 'season QM' mortgages will spur innovation. But not everyone is convinced they're a good idea
by Jim Dalrymple II Aug 19
Knock’s ‘Backyard’ system helps agents easily manage Home Swap
Opinion
The creator of the Home Swap, Knock's 'Backyard' software helps certified agents manage their deals and clients, not a common practice for a mortgage lender
by Craig C. Rowe Aug 17