As positive equity returns in greater volume to the housing market, many originators forecast that home equity-related products will be among the mortgage world’s most popular offerings in 2015. However, a San Francisco-headquartered start-up is offering a boldly different approach to the home equity, brushing aside the traditional HELOCs in favor an intriguing new idea: The world's first residential real-estate equity exchange.Click to continue
Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Sept. 26, 2014.Click to continue
If you have been following the news headlines over the past few months, it would have been difficult to ignore the quantity of coverage devoted to the impact that Millennials may or may not have on the housing market—as well as the contradictory nature of this coverage.Click to continue
While the summer of 2014 is now history, the latest data from the S&P/Case-Shiller Home Price Indices (HPI) reaffirmed that it was not a profitable season in the housing market.
According to S&P/Case-Shiller, 19 out of 20 cities saw lower annual returns in July, with Cleveland’s rate remaining unchanged at +0.9 percent.Click to continue
Nationally, interest rates on conventional purchase-money mortgages decreased slightly from July to August, according to several indices of new mortgage contracts, according to the Federal Housing Finance Agency (FHFA). The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders index was 4.08 percent for loans closed in late August, down one basis point from 4.09 percent in July. Click to continue
Is a Chinese romantic comedy fueling a rush in trans-Pacific investment in pricey Seattle real estate? Or is this simply a case of movie-fueled wishful thinking?Click to continue
When it comes to U.S. residential real estate, Los Angeles is the primary gateway destination for international buyers coming from across both oceans and up from Latin America.Click to continue