5 tips for new renters this summer

S&P Case-Shiller: Home price gains slowed in April

Nationally home prices gained 4.2%

Realtor.com: Here are the 20 hottest markets this summer

Expanding inventory boosts sales
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The Ticker

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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Chicago biz pub: Redfin school data isn’t accurate

School ratings critical for many buyers
Trey Garrison
Chicago Real Estate Daily, a Crain’s publication, says that Redfin is posting inaccurate ratings on some schools, which could potentially turn some buyers away from the neighborhoods around them.
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The history of g-fees

FHFA gives update to Congress
Brena Swanson
The average level of guarantee fees charged has increased since 2009. However, as the study shows, the changes will result in little or no change to borrowers. This chart gives a comprehensive history of g-fees since 2008.
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Seattle’s ‘Up’ house now facing demolition

Buyer backs out of deal for ultimate spite house
Ben Lane
A truly unique Seattle-area home that boasts neighbors like L.A. Fitness and Trader Joe’s is on the verge of being torn down, a sad end to a tale that many likened to a real-life ‘Up.’
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USDA reportedly raising guarantee fees for 0% down mortgages

Increase to go into effect on Oct. 1
Ben Lane
The price that borrowers pay for a 0% down payment loan from the U.S. Department of Agriculture’s Rural Housing Service is reportedly set to rise later this year. Click through to learn more.
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Black Knight updates LOS for TRID

Mortgage industry gets a little extra time
Brena Swanson
TRID is coming, and as a result, Black Knight Financial Services released the latest version of Empower, its loan origination system for retail and wholesale lending to be ready for the Consumer Financial Protection Bureau’s upcoming implementation date.
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Plutos Sama acquires The Fisher Law Group

Firm’s largest acquisition
Brena Swanson
Plutos Sama completed the acquisition of The Fisher Law Group, a default law firm practicing in Maryland and the District of Columbia, resulting in an increase of projected revenue from $54 million to $64 million.
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Prospect Mortgage acquires assets of CapWest Mortgage

Adds consumer-direct call center operations
Brena Swanson
Prospect Mortgage announced it is acquiring certain assets of CapWest Mortgage, a call center operation focusing on consumer-direct sources of business.
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Realtor.com’s top economist welcomes Millennial homebuyers

They’re showing more interest than ever
Trey Garrison
Long thought to be a generation lost to homeownership – or at least, not near as enthused or enamored of homeownership – the Millennial generation is starting to warm to the idea of a place of their own.
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This MBA chart shows existing home turnover

But, what does it mean?
Brena Swanson
The latest charts in the Mortgage Bankers Association’s series puts existing-home sales into historical context. While the graph shows that housing markets are recovering, they still have a ways to go.
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