Blog

Seniors are sitting on trillions of dollars in equity, according to the National Reverse Mortgage Lenders Association (NRMLA). The association reported that retirement-aged homeowners saw an increase of 2.8 percent in home equity, or $170.7 billion, in Q4 2016. This...

Zillow, Quicken Loans, First American and others weigh in The latest S&P CoreLogic Case-Shiller Indices showed that home prices hit a 31-month high in January, but will those record prices be a speed bump or a brick wall for home buying moving forward? Opinions...

Steve Murray sometimes gets together with other old-timers in the real estate industry, shares some wine and inevitably gets around to remarking, “I sure would’ve thought it would’ve changed more by now.” Murray, president of consulting firm Real Trends, has been...

Charts break down servicing at the top seven banks Keeping up with the rest of the year, the Office of the Comptroller of the Currency’s latest quarterly report on mortgages showed that borrowers are continuing to get better at paying their mortgages. The overall...

How more granular information will change lending behavior With foreclosures at a 10-year low, a good case can be made to take a look at strict lending standards that may be doing more harm than good. For example, during the period immediately following the housing...

Mortgage rates retreated this week after a one-week spike following the Federal Reserve’s decision to raise its benchmark rate. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average fell to 4.23 percent with an average 0.5...

Fourth quarter produces highest quality loans since 2001 Mortgage originations grew safer in the fourth quarter of 2016, according to CoreLogic, a global property information, analytics and data-enabled solutions provider. Mortgage became less risky in from the year...

Closing times were way down in February, falling from 51 days in January to 46 days for all loans last month, according to the latest Ellie Mae Origination Insight Report. Broken out, home purchase loans took an average of 45 days to close in February, down from 48...

The winning bidder of a Grand Rapids, Michigan, house has been offered almost $20,000 to hand his purchase contract to another buyer. An agent in Nashville, Tennessee, got a property for his client by cold-calling local homeowners. Near Columbus, Ohio, it took a...