Mortgage portfolios at national banks continue to dissipate

Drops 14% in two years March 30, 2016 Brena Swanson 0 Comments KEYWORDS OCC Office of the Comptroller of the Currency Top mortgage banks The mortgage portfolio of the top banks in the market has steadily dwindled over the past two years, according to the Office of the Comptroller of the Currency’s quarterly report on … More Mortgage portfolios at national banks continue to dissipate

Homeowners now more likely to use equity for renovations

Millennials most willing generation to use HELOCs February 23, 2016 Kelsey Thompson Homeowners have begun to invest more in their homes as property values continue to rise, according to TD Bank. Of the 1,350 homeowners in the bank’s survey from late December through early January, about 56% believe their home’s value has increased and about … More Homeowners now more likely to use equity for renovations

Finding the Right Homeowners Insurance

Finding the Right Homeowners Insurance Homeowners insurance protects your investment. Fires, earthquakes, falling roofs or trees, strong winds, all can create damage. There is also the possibility of someone getting injured on your property, leaving you responsible for all the insured’s medical expenses and exposed to litigation. You end up with expenses that puts undue … More Finding the Right Homeowners Insurance

loanDepot: Vast majority of homeowners wrong about their home values

Battle between perception versus reality February 22, 2016 Kelsey Thompson Just under 50% of homeowners with a mortgage (about 66% of homeowners) in the U.S. expect their equity will increase in 2016, even though about 60% say equity in their homes already increased during the last three years of the housing recovery, according to research … More loanDepot: Vast majority of homeowners wrong about their home values

There are a lot of empty homes in Flint, Michigan

by Kathryn Vasel   @KathrynVasel February 11, 2016: 12:40 PM ET Flint has a housing problem. Nationwide, the average vacancy rate is 1.6%, according a report from RealtyTrac. But in Flint, Michigan, the rate is nearly five times higher at 7.5%–the highest in the nation. “That is pretty worrisome,” said Daren Blomquist, vice president at … More There are a lot of empty homes in Flint, Michigan

Legislation would give more rights to condo owners in association disputes

Legislation would give more rights to condo owners in association disputes Lisa Carlson stands in her water-damaged condo on Feb. 14, 2013, in Highland Park. Her situation and the ensuing court case spurred several bills to help condo homeowners pitted against their condo associations.   (Brian Cassella / Chicago Tribune) Matthew WalbergContact ReporterChicago Tribune When … More Legislation would give more rights to condo owners in association disputes

Should You Tackle a Fixer-Upper Property? It All Depends on What Kind of Home Buyer You Are, Say RE/MAX Brokers

CHICAGO, Feb. 22, 2016 – Most homebuyers face a basic question: How much fix-up work are they willing to do on the home they purchase? RE/MAX brokers report that for many buyers the answer is “not much,” but the brokers also contend that tackling a home in need of work isn’t only for home repair … More Should You Tackle a Fixer-Upper Property? It All Depends on What Kind of Home Buyer You Are, Say RE/MAX Brokers