A lot of the debate regarding credit score modernization has focused on the actions of, and comparisons between FICO and VantageScore. Representatives of both were on a panel on the topic at the Mortgage Bankers Association’s Secondary and Capital Markets Conference in New York. Processing Content But the session also featured two lenders in the […]
Lenders look at operational changes in credit score update Read More »
It’s one of the biggest hold ups some buyers have right now: “What if I buy, and home prices go down?” With everything in the news, that concern makes some sense. No one wants to make a big financial decision at the wrong time. But here’s what’s important to know. You don’t want to get
Are Home Prices Going To Fall? Read More »
After disappearing for a time after the launch of the initial test last December, real estate listings are back in mobile Google search results in some markets. Just like the initial test, listings appear under sponsored search results, and they include a full property detail page, links to request a tour, contact an agent and,
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The Federal Housing Administration (FHA) would like to review its anti-flipping rule and reforms to automated valuation models (AVMs), according to Matt Jones, deputy assistant secretary for the FHA’s Office of Single-Family Housing. “We think our AVM, our valuation technology, has improved significantly since that rule was put in place a couple decades ago,” Jones
FHA turns attention to the ‘flipping rule’ and AVMs Read More »
Ginnie Mae President Joseph Gormley, who is also serving as acting commissioner of the Federal Housing Administration (FHA), said the counterparties participating in Ginnie Mae’s program have evolved significantly since the Great Financial Crisis, with greater exposure to independent mortgage banks (IMBs) that have invested heavily in governance and risk management. Still, he cautioned that
Ginnie Mae’s Joseph Gormley sounds the alarm on ‘risk-layered’ FHA portfolios Read More »
Prior to widespread internet usage, when consumers could only find out about homes for sale through yard signs or accessing an MLS listing book by working with a broker, agents viewed listings as a marketing asset. However, this view evolved as the internet made it easier for consumers to access information about homes for sale.
The battle for listings: How brokerages are reclaiming their data Read More »
Midwest Real Estate Data (MRED) is threatening to suspend its listing data feeds to Zillow Group websites, including Zillow.com and Trulia.com, unless Zillow cures what the MLS says is a material breach of its license agreements by late Tuesday. In an announcement on Monday, the Illinois-based MLS said it will cut off Zillow’s IDX and
Zillow seeks injunction as MRED threatens data feed cutoff Read More »
The forecast for the 2027 cost-of-living adjustment (COLA) for Social Security benefits has risen sharply to 3.9%, driven by persistent inflation in housing, utilities and energy, according to new data released by The Senior Citizens League. The projection — up from a steady 2.8% estimate just one month ago — would raise the average monthly
Social Security COLA forecast for 2027 jumps to 3.9% in response to rising inflation Read More »
Mayi de la Vega and Daniel de la Vega, the leaders behind luxury brokerage ONE Sotheby’s International Realty, have announced the company’s expansion into New Jersey through the acquisition of the 80-year-old Callaway Henderson Sotheby’s International Realty. The move connects two longtime family-led affiliates within the Sotheby’s International Realty network and creates a new luxury
ONE Sotheby’s International Realty expands into New Jersey Read More »
Rate has added Scottsdale, Arizona-based loan originator Kelsey Marquardt to the company, the Chicago-based national mortgage lender announced Friday, as competition for high-producing loan officers continues across the mortgage industry. Marquardt, who has generated more than $85 million in loan production, joins Rate after a three-month stint at Universal Lending Corp. She previously built her
Rate brings on Arizona-based LO Kelsey Marquardt Read More »