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When it comes to buying and selling real estate owned (REO) properties, Huntsville, Ala., leads the nation for flipping this particular property, according to data from the online real estate marketing platform Hubzu
The Metro With the Highest REO House Flipping Is …
When it comes to buying and selling real estate owned (REO) properties, Huntsville, Ala., leads the nation for flipping this particular property, according to data from the online real estate marketing platform Hubzu.   In an analysis of... Read more
While the average downpayment fell during the third quarter, some states have a lower average than others
The State With the Lowest Downpayment Average Is …
While the average downpayment fell during the third quarter, some states have a lower average than others.   According to new data released by Lending Tree, Alaska had the lowest average down payment percentage rate at 15.41 percent,... Read more
When it comes to paying for renovations on a house, one in three homeowners pull out their credit cards to finance their upgrades
One-Third of Homeowners Fund Renovations With Credit Cards
When it comes to paying for renovations on a house, one in three homeowners pull out their credit cards to finance their upgrades.   According to a survey of survey of 10,602 homeowners by Houzz, 33 percent of respondents paid for their... Read more
Total U.S. construction starts for 2019 will be $808 billion, according to a forecast published in Dodge Data & Analytics’ 2019 Dodge Construction Outlook
New Forecast Predicts $808B in Construction Starts in 2019
Total U.S. construction starts for 2019 will be $808 billion, according to a forecast published in Dodge Data & Analytics’ 2019 Dodge Construction Outlook. Next year’s total construction starts is expected to be above the $807 billion... Read more
The frequency of defects, fraudulence and misrepresentation in mortgage applications in September increased by 1.3 percent compared with the previous month
Mortgage Loan Defect Index Up for September
The frequency of defects, fraudulence and misrepresentation in mortgage applications in September increased by 1.3 percent compared with the previous month, but was down by six percent from one year ago, according to the latest data from... Read more
The creation of a new credit score designed to improve consumer access to credit by tapping into consumer-contributed data has been welcomed by the head of the leading national trade organization of consumer reporting agencies and associated professionals
NCRA Exec Director Applauds UltraFICO Introduction
The creation of a new credit score designed to improve consumer access to credit by tapping into consumer-contributed data has been welcomed by the head of the leading national trade organization of consumer reporting agencies and... Read more
While the potential for atrocious neighbors has been known to derail more than a few home purchases, it seems that the majority of people have no problems with the folks next door
Study: Most People Think They Have Good Neighbors
While the potential for atrocious neighbors has been known to derail more than a few home purchases, it seems that the majority of people have no problems with the folks next door.   According the Realtor.com’s newly released Good Neighbor... Read more
Multifamily lending in 2017 reached a new record of $285 billion in 2017, up six percent from the previous year, according to a new report from the Mortgage Bankers Association (MBA)
MBA: $285B in Multifamily Loans in 2017
Multifamily lending in 2017 reached a new record of $285 billion in 2017, up six percent from the previous year, according to a new report from the Mortgage Bankers Association (MBA).   While the sector saw loans originated by 2,554... Read more
The rise of fintechs has brought about an effort to stop the federal government from granting these entities national bank charters
CSBS Seeks to Stop OCC on Fintech Bank Charters
The rise of fintechs has brought about an effort to stop the federal government from granting these entities national bank charters.   The Conference of State Bank Supervisors (CSBS) has filed a complaint in the U.S. District Court for the... Read more
What is the biggest fear to agitate the mortgage industry? According to a new survey by Genworth Mortgage Insurance, it is the prospect of rising interest rates
Mortgage Rates Up Again
Mortgage rates were up slightly in the latest data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 4.86 percent for the week ending Oct. 25, up from last week when it averaged 4.85 percent. The 15-year FRM this week... Read more