Saying Goodbye to Real Estate as We’ve Known It (The End of the HUD-1 Era)

[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…

Realtor.com: Tightening Inventories Likely To Push Home Prices Up

[facebook] [retweet] Inventories tightened 8.7% from January 2014 to January 2015 Housing inventory continues to tighten in markets across the country – a 2015 trend identified by realtor.com Chief Economist Jonathan Smoke in its housing inventory data report for January. Nationwide total listings declined by 6.7% month over month and about 8.7% year over year. “January’s inventory…

Survey: Delinquency, Foreclosure Inventory Rates Fall to Lowest Levels Since 2007

[facebook] [retweet] Both the delinquency rate and the foreclosure inventory rate in Q4 2014 for residential mortgage loans fell to their lowest levels since 2007, according to the Mortgage Bankers Association’s National Delinquency Survey released Wednesday. The delinquency rate, which includes loans that are at least one payment past due but not loans in foreclosure,…