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Legislation would likely lead to greater accountability by building owners with regard to potential violations of the...
Marketing campaigns can sometimes prompt backlash, as one startup real estate company learned this week.
Taylor Morrison Home Corp. is crowdsourcing the design of its model homes to give home shoppers more of a say through its myModel Home Project.
Posted To: MBS CommentaryTiny pockets of gains have come and gone in the vast sea of red that's dominated 2018 so far. Each pocket has attempted to lure optimists into a "bull trap." In other words, originators want to be bullish on rates, so they're more likely to take the best available opportunities to get bullish--especially if no such opportunities have presented themselves recently. Unfortunately, we're in a pervasive uptrend in rates, and what look like tiny pockets of opportunity have actually been periodic consolidations that help the selling-spree catch its breath before rates continue higher. Is it the same story with the past 2 days of stability? In all likelihood. Granted, the bear case for bonds is i ncreasingly being priced-in , discussed, and understood among traders, but in this...(read more)
Posted To: Mortgage Rate WatchFinancial markets in the US will be closed for President's Day on Monday. Thus, mortgage lenders will not be open, nor will they be accepting locks. Given that mortgage rates took the road less traveled in 2018 and actually moved lower, it's worth having a chat with your mortgage professional if you have a loan in process. Of course, many of you may not be reading this until after the lock window has passed for today, so let's take a look at next week's risks and opportunities . The biggest risk is the same one that's been with us all year. Simply put, rates have been trending higher in a steady but highly convicted fashion, quickly adding a half a percentage point or more to the average 30yr fixed rate quote. As we've been saying all year, it doesn't make sense to bet against that trend until...(read more)
Posted To: MND NewsWireSome people are never happy . For most of the ten years following the start of the Great Recession the experts have focused (can we say harped?) on the theme of a slow recovery. Now, after a couple of upticks in the inflation rate, Fannie Mae has headlined its February Economic Developments release "Strong Economic Activity Triggers Overheating Concerns." The company's Economic and Strategic Research Team say economic activity gathered momentum over the last few months and "markets are beginning to appreciate the broader implications of the stronger growth. That realization, along with a change in the direction of monetary policy has introduced some volatility into the economic equation. There were finally some signs that wages were increasing which pushed inflation measures such as 10-year...(read more)
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Metro Phoenix’s homebuilding recovery won’t ramp up again until 2015, and then it will play out mostly in the West Valley.
The latest forecast comes from some of the region’s top developers, builders, investors, brokers and analysts at the Scottsdale-based Land Advisors Organization’s annual real-estate conference on Wednesday.
New-home permits will climb as high as 18,000 next year, and the number of homes built in the southeast Valley will decline, Land…Continue
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.96 percent of all loans outstanding at the end of the second quarter of 2013, the lowest level since mid-2008. The delinquency rate dropped 29 basis points from the previous quarter, and 62 basis points from one year ago, according to the…
One of the most significant effects of the nation's housing bust has been the swelling ranks of underwater borrowers trapped in homes worth far less than they are worth.
But thanks to sustained rises in home prices, the number of homeowners stuck in the negative equity trap is dwindling. According to analytics firm CoreLogic, 100,000 borrowers edged into the positive equity territory in the third quarter of 2012, adding to the more than 1.3 million borrowers that…Continue
The Consumer Financial Protection Bureau topped off a week of mortgage rule rollouts by launching the agency's guidelines for loan officer and broker compensation Friday.
Among other provisions, the CFPB's final rule keeps originators from steering borrowers into risky and high-cost loans, ends dual compensation from both the consumer and creditor and bans the attachment of mandatory arbitration agreements to mortgage and home equity…Continue