720-Day Foreclosure Timeline Is Actually an Improvement Foreclosures can take a long time to process, but they are getting faster. Properties foreclosed in the second quarter took an average of 720 days from the first foreclosure notice to completion. That is down from 883 days a year ago, according to a new report released …
Tag: News
Jul 12
Loan Demand Takes Sudden Leap From Home Buyers
Loan Demand Takes Sudden Leap From Home Buyers The number of homes for sale is growing in some markets and that may be the main factor behind the latest rise in mortgage applications, economists say. Mortgage applications for both home purchases and refinancing increased 2.5 percent last week on a seasonally adjusted basis, the Mortgage …
Jul 11
FHA Loan Limits
FHA Loan Limits Maximum loan limits have increased in select counties! FHA loan limits have changed. This may impact you if you have been pre-approved for a loan amount that exceeds the FHA maximum loan limit. This update is effective for case numbers assigned on or after Jan 1, 2018 through Dec 31, 2018. Call …
Jul 10
Buying a Home Is Becoming More Urgent
Buying a Home Is Becoming More Urgent If your clients are wavering on whether to buy a home, there are several reasons they may want to get more serious about their real estate search, according to MagnifyMoney, a personal finance website. Most importantly, mortgage rates remain historically low—but that isn’t expected to last. They’ve been …
Jun 27
New-Home Sales Jump to Highest Level of 2018
New-Home Sales Jump to Highest Level of 2018 The month of May saw a record number of new-home purchases. Sales of newly built single-family homes increased 6.7 percent in May to a seasonally adjusted annual rate of 689,000 units, the Commerce Department reported Monday. It marks the highest number of new-home sales of the …
Jun 26
Outdoor Projects That Offer the Most Paybacks
Outdoor Projects That Offer the Most Paybacks Outdoor projects can help boost a home’s value by up to 10 percent, according to a new realtor.com® report. Outdoor showers, barbecue stations, entertainment pools, and fire-pits are the top projects that realtor.com® researchers found with the biggest potential increases to a home’s price. For its research, realtor.com® …
Jun 25
Trump Administration Proposes Privatizing Fannie, Freddie
Trump Administration Proposes Privatizing Fannie, Freddie The Trump administration has proposed ending the government’s long conservator-ship of mortgage financing giants Fannie Mae and Freddie Mac, which was among a sweeping proposal for reorganizing the government unveiled Thursday. Under the proposal, which still requires congressional approval, Fannie Mae and Freddie Mac would be converted to …
Jun 22
HUD Under Fire for Response to Lead Paint Removal
HUD Under Fire for Response to Lead Paint Removal An audit from the Office of the Inspector General shows that the U.S. Department of Housing and Urban Development had inadequate oversight of lead-based paint reporting and remediation in its public housing and Housing Choice Voucher programs. The OIG audit accused HUD of failing to make …
Jun 21
New-Home Construction Surges to Highest Level in Decade
New-Home Construction Surges to Highest Level in Decade More new homes entered the pipeline in May than any other month since the end of the Great Recession. Total housing starts increased 5 percent in May to a seasonally adjusted annual rate pace of 1.35 million units, the Commerce Department reported Tuesday. That marks …
Jun 20
Improve or repair your home with a renovation loan
Improve or repair your home with a renovation loan. Ready to make improvements that will turn your house into your dream home? Need to make repairs to your home due to damage? A renovation loan can be a great solution! This flexible loan can all you to: Remodel bathrooms or a kitchen Repair moderate …
Jun 19
Cities Where People Live the Longest
Cities Where People Live the Longest The median lifespan in the U.S. is 79 years, according to the Centers for Disease Control and Prevention. But residents in some cities are living past 80, on average. “If you want to live a long time, the best thing you can do is move to a place where …
