With Friday marking 100 days since President Joe Biden took office, HousingWire reviewed the actions he’s taken on housing during that time — including yesterday’s announcement of a $1.8 trillion spending plan that would eliminate a “special real estate tax break” for certain investors. As a candidate, Biden proposed a
The National Association of Realtors released encouraging news Thursday about the future of the housing market. The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 in March,
Despite 2020’s pause in originations and securitizations, the 2021 outlook for non-QM lending is promising. In fact, a recent report from S&P Global estimates that “non-QM issuance volumes will return to 2019 levels this year, reaching an estimated $25 billion” as agency refinance activity slows down and the purchase market
For the second consecutive week, mortgage rates managed to hold steady below 3%, rising one basis point last week to 2.98%, according to Freddie Mac’s Primary Mortgage Market Survey. In light of the rising COVID-19 caseloads globally, U.S. Treasury yields stopped moving up a month ago and have remained within a narrow range
Jack Ryan, CEO of residential brokerage REX This is Part Two of Three in HousingWire’s dive into all matters residential real estate commissions. Part one looks at how we got here. Part three looks at what’s next. Wearing a rolled up checkered-shirt, gesticulating wildly with one arm, 61-year-old Jack Ryan
The parent company of Veritex Community Bank will acquire a 49% stake in Texas-based mortgage lender Thrive Mortgage, the firms announced late Tuesday afternoon. Veritex Holdings, which has a long history of making acquisitions, will pay $53.9 million for its piece of Thrive, valuing the Georgetown, Texas-headquartered company at roughly
The Federal Open Market Committee left future economic policies virtually unchanged at its Wednesday meeting, indicating it has not made any near-term plans to taper its asset purchases of Treasury– and mortgage-backed securities (MBS). The FOMC did alter April’s verbiage of the nation’s larger economic status given positive progress on vaccine distribution,
Outrageously high lumber prices have for months been keeping builders awake at night, and it’s going to get worse before it gets better. Per the National Association of Home Builders, lumber prices have tripled over the past 12 months and have caused the price of an average new single-family home
Following the murder of George Floyd in 2020, PeerStreet CEO Brew Johnson knew his real estate investing platform needed to get involved with forwarding social change. That led to the launch of PeerStreet’s “Evolving Neighborhood Uplift Fund,” a charitable initiative used for a more purposeful and sustainable way to invest
Mid-Atlantic title company Community Title Network LLC has acquired Colony Title Group LTD, an agency in Columbia, Maryland. It’s the third acquisition made by Community Title Network, which acquired Virginia-based The Settlement Group in June 2019 and Baltimore’s Continental Title Group in July 2016. Edwin Tillman, who founded Colony Title
Digital mortgage platform SimpleNexus now supports remote online notarization (RON) through its eClose technology, the company announced Tuesday. It will also partner with Notarize in debuting RON to eClose. It’s a big deal for lenders, who can now use the platform to complete fully-digital electronic closings on any web-enabled device —
Following an incredible year for refinances that mostly benefited wealthier borrowers, the Federal House Finance Agency announced it is implementing a new refi product that targets low-income borrowers with single-family mortgages backed by Fannie Mae and Freddie Mac. According to the regulatory agency, this new product will assist borrowers who
Meridian Listing Agent Kevin Harper Says Idaho Real Estate Market Stronger Than Many Expected
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Zillow News Truth Delta: Opinion & Editorial