Overview: Most of the market news this week was unfavorable for mortgage rates, causing rates to end the week a little higher. The primary influences included stronger than expected economic data and progress on tax reform. Comments from current Fed Chair Janet Yellen and President Trump’s nominee to be the next Fed Chair Jerome Powell … More Strong Economic Data Pushes Rates Higher By Tom Menke
RewardExpert.com recently analyzed consumer data in an attempt to answer a question: what are the best banks in the country—and does the bank’s location play a role in its customers’ overall satisfaction? Working from a compilation of consumer complaint data from the Consumer Financial Protection Bureau (CFPB), RewardExpert divided the complaints into four categories: bank … More Bank on These Banks for Customer Satisfaction by David Wharton
According to a new survey by Altisource Portfolio Solutions S.A., restoration and improvement of REO properties is becoming an increasing priority for many industry professionals. Altisource today released additional results from its inaugural Default Servicing Survey, which revealed that 93 percent of the over 200 mortgage default servicing professionals surveyed said that their organization is … More Industry Pros Shifting Focus Toward REO Restoration by David Wharton
On Thursday, Redfin released a housing market report—providing insights based on data reported for October 2017. The report breaks down its information into four main categories including; competition, home prices, sales, and inventory. Additionally, Redfin reported market updates based on the 74 metro areas it tracks. Nationally, the number of homes for sale decreased 12.2 … More Market Analysis After 25-Months of Tight Inventory by Nicole Casperson
“Beth Mann and her staff allowed us to keep our sanity! What started out as a “simple” contract to sell our condo, turned into a lesson of patience and temper control. Beth, Samantha and Melissa, calmed us down and Beth (who is firm, direct and a no-nonsense expert) smoothed things over with our very difficult … More NEW 5 STAR REVIEW!!
According to the Q3 Industry Insights Report by TransUnion, credit access is at an all-time high. 195.9 million consumers have access to revolving credit, including bank-issued and private label credit cards, auto loans, personal loans—and of course mortgages.. This number marks the highest level of credit yet measured by TransUnion. With greater access to credit … More Credit Access on the Incline by John Tee
Home prices have returned to boom levels similar to 10-years ago when the housing bubble burst and catapulted the Great Recession. Despite similarities between then vs. now, the current market is experiencing material differences, according to data released Monday from Realtor.com. Historically low inventory levels, tighter lending standards, significant job and household growth, and a … More Homes Reach Boom Prices Nearly a Decade Later by Nicole Casperson
“I cannot say enough about Beth Mann! She is the best! She handled a short sale for me. If it weren’t for Beth and her staff, the deal would not have happened! Beth and her staff are tremendous! Beth will fight until it gets done.” Marianne C.
The Federal Housing and Finance Agency (FHFA) today released its latest Foreclosure Prevention Report, covering the month of August 2017. Released monthly, the Report tracks foreclosure prevention actions undertaken by Fannie Mae and Freddie Mac. In August 2017, the Enterprises completed 15,298 foreclosure prevention actions. That brings the grand total to nearly 4 million—3,960,367—since the … More Borrowers Look to Borrow More Time from GSEs by David Wharton
Recently, a federal grand jury in West Palm Beach indicted three investors for conspiring to rig bids on foreclosures submitted through an online auction portal, according to the Department of Justice (DOJ). The charges were filed by DOJ’s Antitrust division against Avi Stern, Christopher Grave, and Stuart Hankin, with the conduct alleged to have taken … More Indictment Returned for Foreclosure Auction Rigging