7 things your first-time buyer should know about getting a loan right now
Ohio-based loan officer Breon Price shares what your first-time buyers can do to increase their chance of approval despite tighter lending standards amid the coronavirus pandemic
by Marian McPherson May 14
Mortgage loans in forbearance surged to 7.91% in last week of April
The total number of mortgage loans in forbearance increased from 7.54% of servicers' portfolio volume. Ginnie Mae held the largest share of loans in forbearance
by Lillian Dickerson May 12
Average APRs see significant declines during COVID-19 pandemic
The coronavirus pandemic has resulted in lenders offering significantly lower average annual percentage rates to homebuyers and refinance borrowers
Mortgage purchases jump 6%
The 30-year, fixed-rate mortgage hit 3.4% last week, a record low for the Mortgage Bankers of America survey
by Patrick Kearns May 6
Qualia teams up with real estate software maker LemonBrew
Qualia's technology will help LemonBrew offer more digital services — something that has never been in more demand
by Jim Dalrymple II May 6
What's next? C.A.R.'s VP addresses agent concerns
Agents are hungry to know what's going to happen to their businesses and the industry as a whole. Leslie Appleton-Young, the vice president of the California Association of Realtors, shares a real-world, data-driven snapshot into today's realities
by Bernice Ross May 6
Mortgage activity uptick could signal buyers are returning
Thirty-year, fixed-rate mortgages fell to 3.43%, from 3.45% last week, marking a historic new low, according to the Mortgage Bankers Association
by Patrick Kearns Apr 29
NAR calls on FHA to resist premium increases on borrowers
In a letter to the Federal Housing Administration, NAR President Vince Malta said home sale transactions can buoy economic recovery
by Patrick Kearns Apr 27
Fannie Mae forecasts mortgage rates under 3% for 2021
The average rate on a 30-year, fixed-rate mortgage could hit 2.9% in 2021, according to Fannie Mae's April housing forecast
by Patrick Kearns Apr 22
Young buyers disproportionately impacted by economic fallout
According to Down Payment Resource's latest report, millennials and Gen-Zers were on track to hit their homebuying peak before April's record layoffs
by Marian McPherson Apr 22
How curbside closings are keeping the market moving
An Atlanta real estate law firm has been conducting mobile closings for 14 years. A global pandemic has given their model, as well as emerging closing technologies fresh, much-needed attention
by Craig C. Rowe Apr 21
Don't be a stealth agent! Even during the COVID-19 crisis
Opinion
Make it a priority in your daily schedule to connect with current and past clients as well as everyone in your sphere of influence
by John Giffen Apr 19
JP Morgan Chase temporarily terminates HELOC loan offering
Chase Home Lending Chief Marketing Officer Amy Bonitatibus said the change would help Chase better focus on 'existing customers'
by Marian McPherson Apr 17
The deal is digital: A guide to handling it online from lead to close
The fax machine is finally put to rest. With the onset of e-closing platforms and RON, the real estate sales cycle is 100% online, mobile and in the cloud. Here's a quick list of vendors for each phase of the deal
by Craig C. Rowe Apr 17
32% of first-time buyers get financial help from a relative or friend: NAR
Limited income was the most cited factor holding back non-homeowners from saving, according to a new survey released Thursday by the National Association of Realtors
by Andrea V. Brambila Apr 17
Could coronavirus mortgage payment relief spell trouble for the industry?
Opinion
A provision of the CARES Act allows for mortgage payment relief to help struggling families, but it could have an unintended negative effect on the real estate industry
by Shane Spink Apr 17