[facebook] [retweet] Rents continue climb as wages stay flat The housing market is slowing down, with home values seeing the first negative monthly change since the market began its recovery nearly four years ago, according to the Zillow July Real Estate Market Reports. Nationally, home value appreciation is leveling off after its rapid pace in…
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ASK THE PIG – “How Do You Value Diseconomies?” A diseconomy in real estate is a condition unrelated to the property itself that can negatively affect its value. An example of this might be an area that was recently flooded (even if the subject property was not), a home that backs up to a cemetery…
[facebook] [retweet] Lending product HomeReady expands to include refis The government is once again expanding access to credit in an effort to capture a wider audience by making homeownership more available through Fannie Mae’s latest update. Thanks to new research and lender input, Fannie Mae announced its new HomeReady mortgage that will replace MyCommunityMortgage, Fannie’s…
[facebook] [retweet] Clear Capital: Increases in distressed, seasonal changes suggest yes A new report from Clear Capital suggests that REOs and short sales may be on the rise again. “With stocks plummeting last week and the global economic impact on our domestic economy and housing markets still unknown, distressed sales continue to be a critical…
[facebook] [retweet] More than 254K properties regained equity New analysis shows 254,000 properties regained equity in the first quarter of 2015, bringing the total number of mortgaged residential properties with equity at the end of Q1 2015 to approximately 44.9 million, or 90% of all mortgaged properties, CoreLogic (CLGX) reports. Nationwide, borrower equity increased year…
. Question: What is FHA’s 90 Day Anti-Flip Rule? For a number of years now, FHA has enforced a 90 day anti-flipping rule which prevents an investor from reselling a home to a buyer using FHA financing until that have owned the property for at least 90 days. While some investors might think this is…
[facebook] [retweet] The debt cycle goes psychological. A recent post from Liberty Street Economics, the blog from the Federal Reserve Bank of New York, gave the public finance perspective on student loan debt. As you all may be aware, the current administration is looking at ways to help college students receive a greater proportion of…
[facebook][retweet] It’s time to say goodbye to real estate closings as we’ve known them for the last several years. The infamous HUD-1 Settlement statement, which is used by title companies and closing attorneys in nearly every real estate transaction, is officially being retired. The much-maligned and often criticized Consumer Financial Protection Bureau (birthed out of…
[facebook] [retweet] Consumers will be able to calculate mortgage payments within Google searches. Lenders who were unhappy with the Consumer Financial Protection Bureau’s new mortgage payment calculator will soon have a new target for their ire, Google (GOOG). That’s because the internet search monolith began very quietly rolling out a mortgage payment calculator of its…
[facebook] [retweet] 5.4M properties still underwater as of 4Q14 Some 1.2 million borrowers regained equity in 2014, bringing the total number of mortgaged residential properties with equity at the end of Q4 2014 to approximately 44.5 million or 89% of all mortgaged properties, according to CoreLogic (CLGX). Nationwide, borrower equity increased year over year by…