Will 2019 see a boom in home equity lending?

Certain dynamics shaping the market have led the occasional forecaster to predict a boom in home equity lending. Mortgage rates are rising, they say, prompting more to stay put and tap into their equity instead. So does this mean 2019 will see home equity lending soar? HousingWire asked three economists to weigh in, and here’s what they had to say.
Source: HousingWire Magazine

CoreLogic finalizes HomeVisit acquisition

“The combination of CoreLogic and HomeVisit is highly synergistic and allows us to continue to grow and expand the HomeVisit product suite on a national scale,” said Frank Martell, CoreLogic president and CEO. “At the same time, the addition of HomeVisit will allow us to further augment our digital data capture capabilities.
Source: HousingWire Magazine

Los Angeles clamps down on Airbnb with new short-term rental rules

Airbnb has already gone to war with New York City and Boston after each city issued new laws addressing the rise of short-term rentals in each location. And now, Los Angeles is joining those two cities in moving to limit short-term rentals.
Source: HousingWire Magazine

Explaining Your Adjustments

More likely, the problem is the fact that, in that statement, there is no support for the adjustments; it is merely a declaration you made them.

The post Explaining Your Adjustments first appeared at Working RE Magazine.

Source: Working RE Magazine

HUD continues to report increases in homelessness

Like last year, the Department of Housing and Urban Development reported yet another annual increase in homelessness. While this increase is discouraging, HUD pointed out that veteran homelessness and homelessness among families with children is going down.
Source: HousingWire Magazine

FHA Commissioner Brian Montgomery to serve as HUD acting deputy secretary

Is HUD facing an executive staffing issue? “The department and those we serve are in good hands, we have a very deep bench of political and career employees with decades of relevant experience,” according to a source at HUD.
Source: HousingWire Magazine

Fannie Mae unveils new form of credit insurance risk transfer for multifamily loans

Fannie Mae announced it completed its first-ever multi-tranche Credit Insurance Risk Transfer transaction, transferring risk on $10.9 billion in multifamily loans. Fannie Mae Multifamily Vice President Jonathan Gross said this new transaction transferred $273 million of risk to nine reinsurers and insurers.
Source: HousingWire Magazine

NYT: Risky mortgages are making a comeback

With the housing market slowing down and interest rates rising, mortgage lenders are feeling the pinch. To boost profits, some have turned to non-QM loans, according to a recent article in The New York Times. These loans do work for some homebuyers, the author says, but he warns that “even qualified borrowers need to be aware of the loans’ risks.”
Source: HousingWire Magazine

Report: Growing housing inventory contributes to home sales increase

In November, growing housing inventory helped contribute to annual home sales increasing for the second consecutive month, according to the latest RE/MAX National Housing Report. However, sales declined on a month-over-month basis for the fourth consecutive month.
Source: HousingWire Magazine

Equifax launches soft credit checks for multifamily industry

Credit reporting agency Equifax announced Monday it will allow landlords to check prospective tenants’ credit without it affecting their credit score. The company created a soft credit check designed for the multifamily industry, saying this will help those who might already have a thin credit file.
Source: HousingWire Magazine