Category Archives: News & Information

Directs to twitter

What It Takes to Borrow From Home EquityWhat It Takes to Borrow From Home Equity

(TNS)—Breaking into the home equity nest egg is becoming a very real possibility for more Americans as home prices rise—but raiding the house bank is not as easy as it was before the recession, and not everyone meets the requirements to borrow from home equity. Consumers must have a trifecta of enough equity, a high […] The post What It Takes to Borrow From Home Equity appeared first on RISMedia .
Read more

TransUnion: Here’s why Millennials are delaying homeownership

As homebuyers get ready to enter the spring home-buying market, a study from TransUnion shows Millennial homebuyers are holding off for two key reasons, and what first-time homebuyers can do to be better prepared for buying a home. Source: http://www.housingwire.com/articles/39791-transunion-heres-why-millennials-are-delaying-homeownership
Read more

ALTA urges CFPB to warn consumers about real estate funds phishing scams

Last year, the Federal Trade Commission and the National Association of Realtors warned consumers they could be the next victims of growing trend of mortgage closing cost phishing schemes. But, according to the American Land Title Association, that warning was not enough to fully prevent future schemes from being successful and consumers are still falling…
Read more

Congress takes on “predatory” PACE loans

The rules surrounding energy retrofit loans, the Property Assessed Clean Energy program, which engendered a great deal of divisiveness over the last few years, could be about to change, as both houses of Congress are set to consider changes to the rule. And what's the name of the act meant to derail PACE loans? Well,…
Read more

Millennials closing loans at fastest pace in nearly a year

Millennials are closing loans at the fastest pace since March last year, and VA loans saw the greatest speed up in February. Ellie Mae’s Millennial tracker shows the latest trends in Millennial homeownership, and perhaps one of the most surprising revelations was where they are buying homes. Source: http://www.housingwire.com/articles/39785-millennials-closing-loans-at-fastest-pace-in-nearly-a-year
Read more

ATTOM names states with highest property tax rates

A new report from ATTOM Data Solutions shows property taxes came in at $277.7 billion in 2016, or more than $3,000 per home. And taxes were higher for owner-occupied homes than for investment properties. The report shows which states had the highest property tax rates and which ones saw property taxes of more than $10,000…
Read more

Here’s why appraisers are reluctant to work with the VA

Appraisal shortages already plague the market and slow down the closing process, a problem which grows only more complicated when it comes to VA mortgages. One expert explained that while good appraisals are key to maintaining a strong VA Home Loan Guarantee Program, regulatory burdens are getting in the way. Source: http://www.housingwire.com/articles/39775-heres-why-appraisers-are-reluctant-to-work-with-the-va
Read more

Hensarling to CFPB’s Cordray: You deserve to be fired immediately

Never one to shy away from a chance to batter the Consumer Financial Protection Bureau, House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, didn’t disappoint on Wednesday when Richard Cordray, the director of the CFPB, appeared before the committee. Hensarling was at his passive-aggressive best during his opening statement, poking at Cordray’s rumored political…
Read more

ADP predicts yet another month of substantial job increases

ADP released its National Employment Report which shows jobs will increase substantially in March. And the construction boom continues as construction jobs see a significant increase. However, with its spotty record, ADP’s report could come in lower than Friday’s report. Source: http://www.housingwire.com/articles/39773-adp-predicts-yet-another-month-of-substantial-job-increases
Read more

Dimon: FHA, servicing rules changes could add $300B in mortgages per year

Last year, JPMorgan Chase CEO Jamie Dimon painted a particularly unflattering view of the mortgage business in his yearly letter to shareholders. But this year, Dimon’s tone toward the mortgage business is much different. In the 2017 version of his letter to shareholders, Dimon suggested that with some (significant) changes, the mortgage business could grow…
Read more