The top eight most expensive home sales in Los Gatos, reported the week of Nov. 7
A house in Los Gatos that sold for $3.6 million tops the list of the most expensive real estate sales in Los Gatos in the last two weeks.
Real Estate Broker/Agency News
Sale of company collapses. It won’t stop Vireo from expanding New York cannabis factory
Vireo is financing the project through a sale-leaseback agreement with Innovative Industrial Properties Inc., a real estate investment trust. While …
Mortgage demand rose on the back of slower inflation growth
Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The market composite index, a measure of mortgage loan application volume, increased 2.7% for the week ending November 11, according to the
The role of borrower data in today’s housing market
Insightful borrower data and enhanced tech solutions are paramount to success in today’s modern mortgage industry. HousingWire recently spoke with Dan Catinella, chief lending officer at Total Expert, about how Customer Intelligence technology is improving deal flow and pushing the customer experience into the 21st century. HousingWire: As mortgage lenders
Lending standards tighten due to high rates, worsening economic outlook
Lending standards tightened in October, largely due to higher mortgage rates and the worsening outlook for the economy, the Mortgage Bankers Association (MBA) said. The mortgage credit availability index (MCAI) fell by 0.5% to 102.0 last month, marking eight consecutive months of decline. This caused it to reach its lowest
Home appreciation led to big gains for the MMI Fund in 2022
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) noted in a briefing on Tuesday that it managed to record another banner year for the Mutual Mortgage Insurance (MMI) Fund. The FHA’s MMI Fund achieved a capital reserve ratio of 11.11% as of September
loanDepot ends repurchase agreement, shrinks funding capacity
California-based mortgage lender loanDepot terminated a master repurchase agreement (MRA) with J.V.B. Financial Group, reducing its funding capacity amid sharply decreasing originations. “The maximum amount available for financing of mortgage loans and mortgage-related securities available under the MRA and certain ancillary documents was $750 million,” according to loanDepot’s 8-K filing
Why non-QM borrowers aren’t going away anytime soon
While originations are down due to a volatile mortgage market, the population of underserved borrowers who require non-QM products is on the rise. There will always be a population of borrowers who cannot qualify for a home loan under traditional guidelines. This significant pool of clients includes self-employed, real estate
Is Commercial Real Estate the Best Hedge Against Inflation in South Florida? – Law.com
According to James Nelson investment sales broker and head of Avison Young’s tri-state investment sales group investing in commercial real estate …
Nations Lending, Carpenter Realtors launch Commitment Mortgage
Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage, in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We view the launch of this venture as the natural
Here’s what non-QM lending will look like in 2023
HousingWire spoke to Tom Hutchens, EVP of Production at Angel Oak Mortgage Solutions, about the outlook for non-QM in 2023 and why lenders should keep an eye on the non-QM space. HousingWire: How has the non-QM space evolved over the past year? Tom Hutchens: The non-QM space has evolved quite a bit
The refi market is approaching its bottom, Black Knight says
Rate lock volume has dropped by more than 60% over the past 12 months as it struggles under the weight of high mortgage rates, which closed out October at 7.06%. Amid the surging rates, the refinance market is nearing the bottom. The decline in rate lock volume was driven by
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Truth Delta: Opinion & Editorial
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