There’s a lot going on in the mortgage industry, and I know you don’t always have time to read it all. Use this page to catch up on all the pertinent happenings that affect you, your clients and your business.
Whether that impact will be positive or negative is still debatable. It will also vary person to person and situation to situation. IMPACTFUL REFORM Here are a few ways it may impact the mortgage and housing industries – and how we can use this reform to benefit our clients. State and local mortgage deductions are […]
The holidays can be great for many things, but selling homes ain’t one of them! Which is why it was welcome news to read that January is the best time to buy a home. Data from the Federal Reserve, Census Bureau and Zillow was compiled and analyzed by FitSmallBusiness.com to determine the ideal month for homeowners to […]
October was a great time to be in the housing industry! New home sales were up by 6.2 percent between September and October – the fastest pace we’ve experienced in a decade, according to the Commerce Department. There were 685,000 new homes sold in October (seasonally adjusted rate), representing the best sales month we’ve seen […]
A study by Lending Tree drives home the value of good, swift customer service – and that’s the fact that the mortgage application process is now faster than ever. We can thank technology and the speed of communication for that. The recent study examined 5,000 loans closed between March 2016 and May 2017. From first […]
A report by the National Reverse Mortgage Lenders Association (NRMLA) announced that homeowners ages 62 or older saw their home equity increase by a combined 2.4 percent, or $6.42 trillion, in the second quarter of 2017. This is up from $6.27 trillion in the first quarter of the year. The report also notes housing wealth for retirement-aged homeowners was driven by an estimated 2.1 percent (or $162 billion) improvement in senior […]