For the first time since March, First American’s Loan Application Defect Index indicates the nation’s mortgage defect risk increased, but only for purchase mortgages. According to the company, the Defect Index for purchase transactions increased by 2.7% in November compared with October, while the Defect Index for refinance transactions fell by 1.6%.
It doesn’t matter if you’re looking at the entire job market or just mortgage finance, competition is extremely high for top talent. With the U.S. unemployment rate sitting around a 50-year low, employers need to stop letting their company culture operate on autopilot. If you asked your employees today to
Reversing course from October’s decline, the National Association of Realtors indicates the nation’s pending home sales increased in November. During the month, the Pending Home Sales Index, a forward-looking indicator based on contract signings, increased to 108.5, rising from October’s 106.7. According to NAR, contract signings increased by 1.2% from last month’s
From low mortgage rates to higher appraisal thresholds, 2019 was an interesting year in the world of housing. In honor of that, we compiled a list of the top 10 most-read articles that HousingWire published this year. This is a two-part series, so for now, here is the first half
The U.S.-Mexico-Canada Agreement passed by the House of Representatives will help to ease the nation’s housing shortage by stabilizing the prices of materials used in construction, according to the National Association of Home Builders. The new trade pact was approved on Dec. 19 with a 385 to 41 bipartisan vote.
This year saw a shortage of housing inventory among other shortages in the construction industry, but it appears homebuilders are beginning to move towards utilizing new technology to address these issues. According to the National Association of Home Builders, 3D printing and robots have entered the housing construction market, but
I think it’s safe to say that literally every real estate agent or mortgage pro has posted something in the last week or so along the lines of “2020 is going to be my best year ever.” Right? Come on now, we all do it. It’s healthy to publicly set
Housing Headlines takes a look at the latest news in housing, real estate, fintech, and beyond; featuring new product updates, launches, expansions, integrations, announcements, and more. Finance of America Reverse, a reverse mortgage originator, announced it has made enhancements to its suite of HomeSafe products. The enhancements bring a level
As 2019 draws to a close, it’s a great opportunity to take stock of the year you’ve had and set your goals for 2020. Want to strengthen your relationships, expand your referral network and get paid faster? As a real estate professional, you can set yourself up for success in
It’s been clear for quite some time that there’s a serious shortage of available housing on the market. In fact, the most recent data suggests that inventory is 30-40% lower than it would be in a healthy housing market. And that shortage of houses available for sale is leading to
The average annual U.S. salary for full-time workers rose to a record high of $69,181 in November, according to the Federal Reserve Bank of New York. That’s up 3.4% from the from $66,012 a year earlier, according to the bank’s Labor Market Survey. Income gains are picking up steam in
If there is any lesson lenders should take away from 2019, it’s how quickly the mortgage market can shift. Instead of the low volume and compressed margins predicted for this year, lenders have scrambled to keep up with a refi boom sparked by low interest rates. The lenders taking the