Black Knight Financial Services’ First Look at May 2017 Mortgage Data Easing Interest Rates Spur Increase in Prepayment Activity; Delinquencies Pull Back After April’s Increase

June 27, 2017

Prepayments (historically a good indicator of refinance activity) jumped 23 percent month-over-month, reaching their highest point so far in 2017 Delinquencies reversed course after calendar-driven increase in April, seeing a 7 percent month-over-month decline Inventory of loans either seriously delinquent (90 or more days past due) or in active foreclosure continues to improve, with both … More Black Knight Financial Services’ First Look at May 2017 Mortgage Data Easing Interest Rates Spur Increase in Prepayment Activity; Delinquencies Pull Back After April’s Increase

CPL fees – when you want them removed from your settlement statement

June 26, 2017

In regards to the CPL, this fee cannot be removed as they are a requirement for all transaction per IL statute. On August 20, 2010 Illinois Governor Patrick Quinn signed HB5409 (Public Act 096-1454) which mandates the issuance of closing protection letters (CPL) for commercial real property transactions under $2 million and for all residential … More CPL fees – when you want them removed from your settlement statement

Housing: Buy now — if you can afford it By Roger Ruvolo

June 23, 2017

Homebuyers beware — Inland Southern California is a tough market for you — and each month it’s getting tougher. May numbers from CoreLogic reveal that median prices have risen year over year in Riverside County ($330,000 to $356,000) and San Bernardino County ($285,000 to $310,000). These are within a few points of all-time highs. Moreover, … More Housing: Buy now — if you can afford it By Roger Ruvolo

Homes Near Trader Joe’s, Whole Foods Stores Appreciate Faster Homes within a mile of either high-end grocery store begin appreciating faster than other homes after the stores open, Zillow has discovered

June 22, 2017

SEATTLE, Jan. 25, 2016 /PRNewswire/ — Your local grocery market has a lot to do with what happens in your local housing market, according to a new analysis by Zillow featured in the paperback edition of Zillow Talk: Rewriting the Rules of Real Estate (Grand Central Publishing, Jan. 26). Specifically, Zillow found that homes grow … More Homes Near Trader Joe’s, Whole Foods Stores Appreciate Faster Homes within a mile of either high-end grocery store begin appreciating faster than other homes after the stores open, Zillow has discovered

Lenders Loosen Risk Standards as Rates Rise by Aly Yale

June 21, 2017

Mortgage lenders are taking increased credit risks similar to those of the early 2000s, according to the Q1 Housing Credit Index Report released by CoreLogic on Tuesday. The level of credit risk taken by lenders in Q1 of 2017 was about the same as the average risk taken between 2001 and 2003. According to the … More Lenders Loosen Risk Standards as Rates Rise by Aly Yale

NEW 5 STAR REVIEW!!

June 19, 2017

Received excellent and courtesy service throughout our closing process.  Communication was efficient and clear understanding with any questions or concerns.  I would definitely use again, and highly recommend. -Lashana Danzy

Most Buyers Unfazed by Rate Hikes, Inventory Continues Dropping

June 16, 2017

Home prices are on the rise this summer selling season, according to the latest report from Redfin. May marked a 6.8 percent rise in home prices, making the median sale price $288,000. Despite home shortage and the number of homes for sale decreasing 10.9 percent, over the last year home sales increased 7.5 percent. However, … More Most Buyers Unfazed by Rate Hikes, Inventory Continues Dropping

What Sellers Want from Their Real Estate Agent by James Kimmons

June 15, 2017

It’s easy to say that the seller wants to sell fast and for top dollar.  Of course that’s true.  As real estate professionals we provide a number of valuable services in setting up a listing to sell fast for more money.  Knowing what our sellers value or their perceptions of what we offer is important. … More What Sellers Want from Their Real Estate Agent by James Kimmons