Nebraska-based Charter Title and Escrow has formed a Hispanic division to further assist Spanish-speaking customers, Realtors and loan officers in the region, the company announced on Wednesday. Per Angela Miller, Charter Title agent, Hispanics make up the fastest-growing demographic in the Omaha, Nebraska area. And while the new division is
As part of the landmark CARES Act passed in 2020, Congress stipulated that mortgages in forbearance as a result of COVID-19 must be reported as “current” on credit reports. The legislation saved millions of homeowners from having their credit scores ruined during the most devastating year in recent U.S. history.
Wisconsin-based Fairway Independent Mortgage Corp. announced Wednesday a multiyear partnership with Major League Baseball‘s Milwaukee Brewers. Fairway will have signage placed throughout the Brewers’ home stadium, American Family Field, and will participate in multiple off-the-field Brewers initiatives, such as the Brewers Community Foundation’s food drive on May 4. One of
Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s 725,000 more than in 2019. The report, citing U.S. Census data and its
If you’re caught in the sights of the Consumer Finance Protection Bureau (CFPB) — or if you’re hoping to avoid the regulator’s scrutiny altogether — here’s what you need to know in 2021. The regulator is no longer “taking it easy” on consumer financial services providers firms in light of
As a leader in the adoption, implementation and use of digital mortgages Camelia Martin’s breadth of experience has never been more relevant to the industry. A 2020 Woman of Influence, Martin joined Snapdocs earlier this year as Head of Industry and Regulatory Affairs. “Many lenders were not able to pivot
Sales of luxury homes rose 41.6% year-over-year in the first quarter of 2021, crushing sales of affordable homes (7% increase) and mid-priced homes (5.9%), per a recent report from Redfin. Redfin defines “luxury” homes as selling for an average of $975,000, “expensive” homes as selling for an average of $429,000,
The Federal Housing Finance Agency (FHFA) announced on Wednesday that due to “low usage” it is no longer extending expirations on certain temporary loan origination flexibilities for Fannie Mae and Freddie Mac. The regulator is also advancing permanent changes to be made in the appraisal space. Temporary flexibilities related to employment verification, condominium
After six consecutive weeks of dips, mortgage applications rose 8.6% in the latest report from the Mortgage Bankers Association. The jump in applications can be traced to mortgage rates falling to the lowest level in two months, prompting a small resurgence in refinance activity, said Joel Kan, MBA associate vice
As lawmakers take up housing-related bills in Congress, Housing and Urban Development (HUD) Secretary Marcia Fudge laid out her priorities during an address at the Mortgage Bankers Association’s spring virtual conference. Fudge hailed the passage of the American Rescue Plan as a “landmark law,” and highlighted its $10 billion in
Federal Housing Finance Agency Director Mark Calabria said the controversial amendments made to Fannie Mae and Freddie Mac‘s Preferred Stock Purchase Agreements in late January should be just the start. “I said in January when the PSPA were signed — there needs to be another set of amendments. January really is
In the past year, among the many challenges and difficulties brought on by the COVID-19 pandemic, the real estate and mortgage industries enjoyed a wave of success with low interest rates, refinance opportunities and etc. More recently, the buzz surrounds bidding wars due to extremely low inventory, purchase over refinance
Meridian Listing Agent Kevin Harper Says Idaho Real Estate Market Stronger Than Many Expected
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