The market initially reacted strongly after President Donald Trump signaled support for increased activity, directing the GSEs toward a $200 billion expansion of their MBS portfolios. Bloomberg reported on March 22 that the... Read more »
Weekly pending sales Pending home sales data provides a week-to-week perspective, though results can be affected by holidays and short-term fluctuations. The last six weeks have shown positive yearly growth. However, the... Read more »
Mortgage Rates Surge as Spring Selling Season Approaches—Here’s What Buyers and Sellers Need To Know
Mortgage rates jumped 16 basis points last week, their largest single-week increase in nearly a year, putting additional pressure on homebuyers already navigating a challenging market. The three-week climb marks the steepest... Read more »
Jhelum Enterprises LLC won two judgments totaling $54,863.89 against Oceanside Automotive Service and Towing LLC. In 2011, a Palm Beach County court found that Oceanside’s sole officer, Norman Desmarais, fraudulently transferred the... Read more »
The spring selling season is seeing increasing inventory and lower home prices, according to the Realtor.com® Weekly Housing Trends report for the week ending March 26. Those factors combined favors buyers, but... Read more »
At the same time, the government-sponsored enterprises (GSEs) will eliminate limited and streamlined review options for condo loans starting Aug. 3, requiring full project reviews in all cases. The shift is expected... Read more »
Housing demand was fine before the war! Housing demand was running very smoothly this year, having its best start in years, even with the snow events. We saw multi-year highs in purchase... Read more »
The complaint stems from a Home Equity Conversion Mortgage (HECM) that Cleveland Mayo obtained in June 2011 after being diagnosed with kidney failure. According to the lawsuit, Mayo believed the loan would... Read more »
Mortgage applications dropped for the second consecutive week as rates moved higher again. Home loan applications decreased 10.5% for the week ending March 20, according to the Mortgage Bankers Association. The Market... Read more »
The sharp upward movement in rates in a short period is eye-catching, but mortgage professionals say there’s no reason to panic as market conditions remain relatively healthy and affordable. ‘Natural, balanced market’... Read more »