by Brit Owen | Aug 11, 2021 | Industry News, Latest News, National, News |
Commercial and multifamily mortgage bankers are expected to close $578 billion of loans backed by income-producing properties in 2021, a 31% increase from 2020’s volume of $442 billion, according to a new forecast released by the Mortgage Bankers Association...
by Brit Owen | Aug 10, 2021 | Latest News, Lead Story, News, Premium Metered, Spotlights |
Last month, Mark Stark, CEO of Berkshire Hathaway HomeServices (BHHS) Arizona, California and Nevada Properties, took the leap and sold his company and transformed it from a franchisee to a wholly owned part of the HomeServices of America family. At the time, it was...
by Brit Owen | Aug 10, 2021 | Industry News, Latest News, National, News, Premium Metered |
Senate Majority Leader Chuck Schumer recently released broad details of a proposed $3.4 trillion spending bill. The budget includes a significant emphasis on housing and a possible revision of the SALT tax, with $332 billion allocated for the Banking Committee,...
by Brit Owen | Aug 10, 2021 | Industry News, Latest News, National, News |
New listings grew on a yearly basis in July for the fourth consecutive month, according to the latest realtor.com® Monthly Housing Report. While inventory is still low compared to last year—homes for sale declined 33.5% YoY in July—the rate of decline is improving. By...
by Brit Owen | Aug 10, 2021 | Industry News, Latest News, National, News |
ATTOM released its July 2021 U.S. Foreclosure Market Report, finding a total of 12,483 U.S. properties with foreclosure filings—default notices, scheduled auctions or bank repossessions—down 4% from last month but up 40% from a year ago. The month-over-month dip...
by Brit Owen | Aug 10, 2021 | Industry News, Latest News, National, News |
The total number of loans now in forbearance decreased by 7 basis points from 3.47% of servicers’ portfolio volume in the prior week to 3.40% as of Aug. 1, 2021, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. The MBA...