Mortgage demand increased slightly for the first time in four weeks, with a modest uptick in refinance applications leading the way. But don’t expect it to continue. Mortgage applications increased by 0.1%... Read more »
In the March rate update, we discussed why Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgages (HECMs) utilize two interest rates. The “expected rate” is unique to reverse mortgages and is calculated... Read more »
Strong demand, coupled with a lack of existing housing inventory and comparatively lower mortgage rates continue to drive buyers to new home construction, Homebuilder confidence continued its upward trajectory for the fourth... Read more »
The federally insured reverse mortgage known as a Home Equity Conversion Mortgage (HECM) is unique, as are the rates that impact the HECM product. For this reason, I will provide a short... Read more »
The May 2018 Disciplinary Actions report is now available. (6/14/2018) Source link Read more »
Southern California home prices dipped from October to November, the first decline in nine months. The average home price in the six-county region clocked in at $829,557 in November, down 0.1% from... Read more »
The October 2022 Enforcement Actions report is now available. (11/30/2022) Source link Read more »
Single-family rent prices in the United States only rose by 2.6% year over year in September, the lowest rent growth recorded in three years. That’s according to CoreLogic’s Single-Family Rent Index (SFRI),... Read more »