FHA to Retain Classic FICO While Introducing New Models
Lenders are anticipating that consistent modeling practices will become essential at the loan level, impacting underwriting processes and risk assessment strategies.
Residential Property Vacancy Rate Remains Unchanged at 1.3%
Residential property foreclosures are impacting the market, with 259,666 homes in process. Explore insights on vacancy rates and lending opportunities.
Real Estate Highlights and Lowlights from Recent Market Activity
Discover insights on rising home prices, the Chicago Bears' stadium uncertainties, and Dolly Parton's notable success in commercial real estate.
Eastern Washington Agents Navigate Business Amid Wildfire Recovery Efforts
Wildfires have devastated over 850,000 acres in Washington, affecting numerous homes in the Spokane area. Understanding the impact on property values is crucial for lenders.
The U.S. Housing Market Is Diverse; We Must Acknowledge Its Complexity
U.S. home prices show varied trends; while national figures indicate a 2.1% rise, certain states exceed 8% gains. Understand local dynamics and insights.
Frank Malpica Appointed as President of ERA Real Estate
Malpica's recent appointment brings a new perspective to the role, succeeding Alex Vidal and indicating potential shifts in strategic direction.
Warsh says housing is strained, but the Fed prioritizes inflation.
Fed prioritizes persistent inflation over housing strain; private lenders should expect rate pressure, closer underwriting scrutiny, and selective lending.
Warsh’s Jackson Hole speech intensifies speculation of a September rate hike.
Markets are currently indicating a 57.4% probability of a rate hike in September, impacting private lenders' strategies and client financing options.
ERA Broadens Presence in Arkansas, Missouri, and Oklahoma
ERA expands its network by integrating around 260 affiliated sales associates, enhancing its reach and resources in the real estate market.
MBA President Responds to Allegations of Inadequate FHA Underwriting
Broeksmit highlights inaccuracies in linking independent lender health to the FHA's Mutual Mortgage Insurance Fund, emphasizing the need for clearer financial contexts.