Ongoing Market Instability in Bergen County Amid Pandemic Challenges
Tight inventory and high demand in desirable counties are driving buyers to engage in bidding wars and forgo inspections, impacting lending strategies.
MBA Calls for Congressional Intervention on VA Foreclosures
MBA advocates for a partial claim program for VA-backed mortgages as the VASP program will cease new applications, emphasizing borrower support options.
Mortgage Rate Volatility Increases During Trade War, Driving LO Activity
Despite fluctuating mortgage rates creating challenges, loan officers report steady mortgage applications, highlighting resilience in the housing market.
FHA Expands Foreclosure Moratoriums for Areas Affected by Hurricanes
FHA's moratorium extensions provide relief for households in hurricane-affected regions, aiding recovery and financial stability for private lenders.
Merger unites two leading Century 21 affiliates in the real estate sector.
Two major Century 21 real estate firms in California have merged, enhancing their market presence and consolidating operations across over 50 offices.
HomeServices partners with Zillow to offer agents enhanced listing tools.
HomeServices of America agents can now utilize Zillow Showcase, enhancing visibility for all listings and streamlining client engagement in the mortgage market.
United Wholesale Mortgage Forms AI Collaboration with Google Cloud
United Wholesale Mortgage is set to enhance its lending platform by integrating Google Cloud AI and advanced machine learning tools, signaling a shift in digital innovation within the industry.
Mortgage Rates Experience Significant Fluctuations Amid Market Volatility
"Market volatility impacts mortgage spreads; however, a 10-year yield of 4.35% or lower remains a viable benchmark for private lenders."
Douglas Elliman Broker’s Advice to New Agents: Love It or Leave It
Gain insights from Joan Billick of Douglas Elliman as she shares 40 years of expertise and guidance for agents navigating the real estate landscape.
Fannie Mae Announces Layoff of 700 Employees
Fannie Mae reportedly laid off 700 employees recently, raising concerns about operational changes and market stability in the mortgage industry.