Entries by Lindsay

In a hot housing market, gap between purchase price and appraiser condition ratings causes headaches

Last week, HousingWire reported surging mortgage volume and record low interest rates are putting excess pressure on appraisal turn times. This week, appraisal experts said those same variables are having a profound effect on an age-old conflict of appraisal reports versus what the market believes the home is worth. In an accelerated environment with homes […]

UWM 1.99% 30-year mortgage rate comes with a catch

United Wholesale Mortgage announced Tuesday it is offering conventional mortgage rates as low as 1.99%, but brokers warn this rate isn’t for every borrower, or even the majority. “You won’t find a no-cost loan in the low 2s or high 1s,” Mortgage Broker Jason Barlow explained in an interview with HousingWire. That’s because when borrowers […]

Offerpad expands iBuying in Central Florida

Offerpad announced on Tuesday the expansion of its Real Estate Solutions Center into Port St. Lucie, Florida, as the first iBuyer in the region. The company resumed making cash offers in different parts of the country on May 8. Through the Real Estate Solutions Center, a home is evaluated by the company’s real estate experts […]

[PULSE] Black lives, Black families and Black homeownership matter

There is a 30-point difference between white and Black homeownership rates in the U.S. today. Shockingly, the gap is wider than it was in 1968, when the federal government first outlawed racially based housing discrimination. Sadly, the pandemic, which is wreaking disproportionate financial havoc on minority communities, may expand the chasm. This makes it more […]

What Trump’s reelection would mean for banks

A second-term Trump administration would likely continue its deregulatory efforts, focus on Fannie Mae and Freddie Mac’s exit from conservatorship, and seek to facilitate fintech participation in the banking system. Source: American Banker

MBA asks CFPB to extend GSE patch

The Mortgage Bankers Association sent a letter on Monday to the Consumer Financial Protection Bureau asking for a six-month extension to the so-called “GSE patch” that allows Fannie Mae and Freddie Mac home loans to borrowers with high debt levels to be considered Qualified Mortgages. “The GSE patch serves a crucial role in the mortgage […]

Women lead industry through the haze of pandemic

As the holidays ramped up in early December 2019, Woman of Influence Charlotte Catalfo had her eye not on decorating and gift-wrapping, but on a small but worrisome health crisis escalating halfway across the globe.  From the suburban Virginia headquarters of mortgage securitizer Freddie Mac, Catalfo kept tabs on a new virus that the Chinese […]

Rent payments collected in August tick down

The amount of rent payments collected in the U.S. has ticked down slightly to 79.3% of apartment households making a full or partial rent payment by August 6, according to the National Multifamily Housing Council’s Rent Payment Tracker. While this is a slight increase from July 6 this year, it is a 1.9 percentage point […]

How a cloud-based tax platform benefits mortgage servicers

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