Hurricane season responsible for 10% of delinquent mortgages

Hurricane season responsible for 10% of delinquent mortgages

While mortgage payment delinquencies are generally down across the country, they were explainably up in states hit by Hurricanes Irma and Harvey, resulting in a slightly raised annual delinquency rate, according to the October 2017 Black Knight Mortg...
By Gill South | Monday, December 4, 2017
Hurricane Harvey victims granted temporary relief from foreclosure

Hurricane Harvey victims granted temporary relief from foreclosure

Hurricane Harvey has caused thousands in and around the Houston area to flee from the rising waters engulfing their homes and killed at least 14 people to date. In this time of crisis, Federal mortgage agencies Fannie Mae, Freddie Mac and the Federal...
By Andrea V. Brambila | Tuesday, August 29, 2017
Is now the right time for rehabs?

Is now the right time for rehabs?

In the current real estate market, there is no shortage of prospective buyers who want to purchase a home, and real estate agents who want to help them accomplish this goal. What there is a shortage of, however, is homes for sale ......
By Ray Brousseau | Thursday, June 29, 2017
Where NAR and HUD Secretary Ben Carson concur (and conflict)

Where NAR and HUD Secretary Ben Carson concur (and conflict)

Dr. Ben Carson, the 17th secretary of the U.S. Department of Housing and Urban Development (HUD) made a brief visit to the National Association of Realtors midyear conference, where he was greeted with a standing ovation ......
By Andrea V. Brambila | Tuesday, May 16, 2017
Why redlining and discrimination are still real estate's problem

Why redlining and discrimination are still real estate's problem

You would think that in 2017 that discrimination and red-lining (a discriminatory practice by which banks, insurance companies and businesses limit loans, mortgages, insurance or other products with specific geographic areas, especially in inner-city...
By Bernice Ross | Monday, April 3, 2017
Where are consumers feeling the pinch of the MIP-reduction-that-wasn’t?

Where are consumers feeling the pinch of the MIP-reduction-that-wasn’t?

The administration change this past January left some homebuyers scrambling when it came with a somewhat unexpected side effect in the form of an 11th-hour mortgage insurance premium rate reduction -- and then a stroke-of-midnight repeal of that redu...
By Amber Taufen | Monday, March 27, 2017
NAGLREP Housing Policy Summit covered Fair Housing and Equality Act issues for LGBT citizens and agents

NAGLREP Housing Policy Summit covered Fair Housing and Equality Act issues for LGBT citizens and agents

NAGLREP founder Jeff Berger and NAGLREP Policy Committee Chair John Graff said they felt compelled to kick-start the summit because of the risk of losing the ground the LGBTQ community has made in recent years ......
By Marian McPherson | Thursday, March 16, 2017
HUD halts MIP reduction: What does the real estate industry think?

HUD halts MIP reduction: What does the real estate industry think?

Real estate professionals who had delayed closings to take advantage of the Federal Housing Administration's annual mortgage insurance premium (MIP) cuts have to tell clients, "Just kidding." ......
By Caroline Feeney | Monday, January 23, 2017
Ben Carson 7 things to know from Ben Carson’s HUD confirmation hearing

7 things to know from Ben Carson’s HUD confirmation hearing

The Senate Banking committee had a hot seat reserved for Donald Trump's Department of Housing and Urban Development (HUD) secretary nominee, Ben Carson, at this week's confirmation hearing ......
By Caroline Feeney | Friday, January 13, 2017
A heart seal on a letter Why homesellers shouldn’t accept buyer ‘love’ letters

Why homesellers shouldn’t accept buyer ‘love’ letters

They're called buyer letters, cover letters or simply "love" letters. They're the missives put together by hopeful buyers to try to convince sellers to pick their offer, often providing details on the buyers and gushing about how much they love the h...
By Andrea V. Brambila | Friday, November 18, 2016
What does student debt mean for housing affordability?

What does student debt mean for housing affordability?

We hear it all the time. The burden of enlightenment, student loan debt, is preventing people from becoming homeowners. Housing and Urban Development (HUD) Secretary Castro, at a recent National Association of Realtors (NAR) event, claimed that stude...
By Mark Fleming | Monday, November 14, 2016
How to protect your clients’ retirement income using a reverse mortgage

How to protect your clients’ retirement income using a reverse mortgage

Most Americans face the specter of reduced income. It is no surprise that when they need a loan for a medical ailment or a personal loan, they find themselves left in a lurch. If they are going downhill, it makes sense to protect your retirement inco...
By Preethi Vagadia | Monday, August 8, 2016
7 home fixes you must complete before selling

7 home fixes you must complete before selling

The process of getting a property ready to put on the market can seem daunting enough. There’s clearing the clutter, endless amounts of cleaning, organizing and scrutinizing your property with a fine-tooth comb. What needs attention and what can yo...
By Cara Ameer | Monday, July 18, 2016
5 good reasons not to freak out over higher interest rates

5 good reasons not to freak out over higher interest rates

One of strongest drivers of demand in today’s housing markets is buyers’ fear that interest rates will rise, and they will never again see rates as low as they are today. That’s one reason the first-time buyer volume of government-guaranteed mo...
By Steve Cook | Wednesday, June 8, 2016
Why NAR, not the FHA, should have a sale

Why NAR, not the FHA, should have a sale

With today’s update on Existing Home Sales for March, the National Association of Realtors (NAR) again asked the Federal Housing Administration to lower premiums, effectively a call to put taxpayers at greater risk. Instead of further stoking deman...
By Tobias Peter | Wednesday, April 20, 2016
Portland's Old Town sign Capitalism and conservation: Keeping Portland weird

Capitalism and conservation: Keeping Portland weird

Portland real estate investor Justin Grubb finds himself in the middle of a "civil war going on between capitalism and embracing Portland's weirdness." ......
By Daren Blomquist | Friday, March 25, 2016
How to give millennials the low-down on low down payments

How to give millennials the low-down on low down payments

Today's millennial buyers are having more trouble assembling the cash for down payments than their older siblings and parents because they have higher levels of student loan debt and lower levels of wealth and personal income than their two immediate...
By Steve Cook | Monday, February 29, 2016
How to help clients get into homes despite tight mortgage credit

How to help clients get into homes despite tight mortgage credit

Despite years of recovery and stabilization, as well as increased demand for housing purchase loans, mortgage credit remains tight today. In fact, according to the Mortgage Bankers Association, mortgage credit availability decreased 2.4 percent this ...
By Ray Brousseau | Wednesday, February 24, 2016