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Housing Prices Cooling

Housing Prices Cooling

Friday, 30 November 2018
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The housing market showed signs of cooling in many of the nation's largest metros this month with inventory increases outpacing the rest of the country, listing prices slowing and price cuts increasing. In contrast, smaller, more affordable markets continued to see price gains, according to the November housing report from Realtor.com. During the month of… Read more...
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Redfin: Luxury Home Prices Increase

Redfin: Luxury Home Prices Increase

Thursday, 29 November 2018
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Luxury home prices rose 3.2 percent year over year to an average of $1.7 million in the third quarter of 2018, according to Redfin. This is the lowest growth rate since the fourth quarter of 2016, when prices were up 1.1 percent from a year earlier. The Redfin analysis tracks home sales in more than… Read more...
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Rates Continue to Rise, Notes FHFA

Rates Continue to Rise, Notes FHFA

Thursday, 29 November 2018
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Interest rates on conventional purchase-money mortgages increased from September to October across the U.S., according to several indices of new mortgage contracts from the Federal Housing Finance Authority . The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.75 percent for loans closed in late October,… Read more...
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Ellie Mae Lands CFO

Ellie Mae Lands CFO

Tuesday, 27 November 2018
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Ellie Mae has selected Dan Madden to serve as executive vice president and chief financial officer. “I am excited to join Ellie Mae at such a pivotal time for the company,” said Madden. “Ellie Mae has been an industry leader for two decades and I’m thrilled to join the seasoned team as we continue on… Read more...
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Will Negative Economic Trends Continue?

Will Negative Economic Trends Continue?

Wednesday, 28 November 2018
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It’s too soon to know if the current negative trends, such as limited housing supply and the effect of higher rates, which have defined the mortgage market in 2018 will continue into next year. On the other hand, it is possible that the market will adjust and resume modest growth, according to the November Forecast… Read more...
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Good News on Delinquencies

Good News on Delinquencies

Wednesday, 28 November 2018
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Mortgage delinquencies fell by 8.2 percent in October are now down by nearly 18 percent from the same time last year. Serious delinquencies, loans 90 or more days past due, fell by 14,000 from last month, and 90,000 year over year, a 12-year low. Improvements in hurricane-related delinquencies associated with Harvey and Irma, which spiked… Read more...
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NAR Supports FHFA Loan Level Increases

NAR Supports FHFA Loan Level Increases

Monday, 26 November 2018
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The National Association of Realtors supports the FHFA’s decision to increase the loan limit on conforming loans to $484,350 in 2019, from $453,100. In addition, the high-cost limit will rise to $726,525, from $679,650. As a result, loan limits will be higher in all but 47 counties or county equivalents across the country beginning on … Read more...
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FHFA: House Prices Increase 1.3%

FHFA: House Prices Increase 1.3%

Tuesday, 27 November 2018
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House prices rose 1.3 percent in the third quarter of 2018, according to the Federal Housing Finance Agency House Price Index. House prices rose 6.3 percent from the third quarter of 2018 to the third quarter of 2017. FHFA's seasonally adjusted monthly index for September was up 0.2 percent from August. The HPI is calculated … Read more...
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How the Number 1 Can Destroy Your Mortgage Business

How the Number 1 Can Destroy Your Mortgage Business

Sunday, 25 November 2018
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By Brian Sacks While we all strive to be number one in everything we do, I think it’s important that we take a step back and actually look at that number in a different way. Use it to identify vulnerabilities in the way we do business—and address them. Now is a time for planning, for… Read more...
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Amazon-Ellie Create Partnership

Amazon-Ellie Create Partnership

Monday, 26 November 2018
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Ellie Mae Inc. has decided to move its infrastructure to Amazon Web Services—with the intention of rebuilding its core applications, creating new digital products that support lenders needs for efficiency. Amazon Web Services is a subsidiary of Amazon that provides on-demand cloud computing platforms. Ellie Mae will use AWS services, including computing, storage, database, and… Read more...
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