8 avoidable mistakes first-time homebuyers keep making

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy

RealtyTrac: All-cash sales at lowest since late 2009

Institutional investor share at 15-year low
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Lending

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things
Brena Swanson
The last thing a first-time homebuyer wants to do is mess the entire homebuying process by doing one of these common mistakes. Here are mistakes 8 things that could ruin the homebuying process.
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Freddie Mac: Mortgage rates increase to 2015 highs

Rise moving into holiday
Brena Swanson
Mortgage rates increased to new 2015 highs moving into the holiday weekend, with the 30-year, fixed-rate mortgage averaging 4.08% for the week ended July 2. Here's why.
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This 1 MBA chart shows how ARMs are hitting a 2015 highpoint

Adjustable share should continue growing as rates rise
Trey Garrison
The adjustable rate mortgage share of mortgage applications reached its 2015 high at 7% in late June, and as interest rates rise there's more ground for ARMs to make up. Want to know why?
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3 tips to recruiting Millennial loan officers

How to reverse the aging mortgage industry
Brena Swanson
There is a drought in the market when it comes to recruiting Millennial loan officers. In an interview with HousingWire, Casey Cunningham CEO at XINNIX, explained how to show the next generation the way into the mortgage industry.
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Manhattan real estate has never been more expensive

Average sales price for an apartment hits all-time high in 2nd quarter
Ben Lane
No one has ever argued that living in New York isn’t an expensive proposition, but a new report shows just how expensive it is to live in New York’s priciest borough. According to data from Douglas Elliman, it’s never been more expensive to live in Manhattan than it is right now.
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Family flees dream home because it used to be a meth house

Sells home at “significant” loss
Ben Lane
An Indiana family was driven from its “dream home” after discovering the home's history made the property a health hazard. Shortly after moving in, children started getting sick and it got worse from there.
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Fannie, Freddie CEOs awarded $3 million raises

Granted compensation of $4 million each
Brena Swanson
Both Fannie Mae and Freddie Mac CEOs were granted multimillion-dollar paydays by the Federal Housing Finance Agency. A move that comes with great objection from lawmakers and the White House.
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Millennials demand single-family homes

Fannie Mae: Will young homeowners protect the housing recovery?
Brena Swanson
Young adults prefer single-family homes, and in fact, they are found to be more likely to reside in a single-family home today than their predecessors. And according to this research, the desire is only going to continue to grow.
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Stonegate Mortgage expanding direct-to-consumer lending operation

Looking to attract Millennial buyers
Ben Lane
Citing a goal of attracting more Millennial buyers, Stonegate Mortgage Corporation is growing its direct-to-consumer lending operation to meet the changing market.
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Optimal Blue launches mortgage pricing application

QuickSearch now available to loan officers
Brena Swanson
Optimal Blue introduced QuickSearch, a privately branded mortgage pricing app for mobile devices, during its 2015 Client Conference to allow loan officers to perform real-time pricing searches for their borrower.
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