Real Estate Broker/Agency News

Mortgage rates drop below 3% for the first time in months

For the first time in nearly two months, mortgage rates dropped below 3% last week, down seven basis points to 2.97%, according to Freddie Mac’s Primary Mortgage Market Survey. “The drop in mortgage rates is good news for homeowners who are still looking to take advantage of the very low-rate environment,”

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Charter Title forms Hispanic division for Nebraska markets

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

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Credit scores, and the end of mortgage forbearance

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.

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Fairway Mortgage to partner with Milwaukee Brewers

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

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Hispanic homeownership surged in 2020

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

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The CFPB is coming for you: here’s how to prepare

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

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