Forty-one percent of buyers surveyed by Redfin said today's low inventory caused them to consider paying more for a home in the second quarter of 2013. This is up from 34% of survey respondents in the first quarter and 26% in the fourth quarter of 2012.
As someone who was looking to buy a home in this crazy North Texas market where prices continue to appreciate, I can attest to feeling the need to offer over list price. In fact, on the second home my husband and I put...
This is one of those Holy Cow! moments.
Talk that title insurer Fidelity National Financial ($25.75 0%) and buyout firm Thomas H. Lee Partners are in advanced negotiations...
The New York Times recently published an article critical of PennyMac.
Not unsurprisingly, as the article was passed among trade players on LinkedIn, the voice of objection grew louder and louder. Usually in these cases, some venting is enough to calm the nerves.
But not so. Because this time, the article is just plain wrong, they said.
The editors at The New York Times, in their defense, did correct some of the errors. Yet, it wasn't enough.
And...
This headline is correct.
At least I think it is.
Recently HousingWire reported that the Consumer Financial Protection Bureau forced a Texas homebuilder, Paul Taylor, to give up $118,194.20.
Taylor received the money for mortgage origination referrals and will now deposit those funds into the Treasury...
It’s not everyday a company can claim a 112% boost in loan originations year-over-year and a 183% jump in revenue over the same time period, making it No. 1 in growth for all private companies based in Illinois.
But that’s just what Guaranteed Rate told HousingWire in a recent interview.
Jumping dramatically from the 16th largest retail mortgage company in the beginning...
The chief US economist for Deutsche Bank, Joseph LaVorgna, tweeted some great news a little while ago.
He push-posted an economic review of the housing industry that shows the recovery is doing even better than originally thought:
"We believe investors still do not fully appreciate the...
The reverse equity debate inside the Rayburn House Office Building reached a boiling point Thursday as representatives from the Federal Housing Administration listened to lawmakers fire off questions about the importance, or lack thereof, of the reverse mortgage program.
Congressman Randy Neugebaurer, R-Texas, demanded to know why the housing agency is still in the reverse mortgage business.
Charles Coulter, deputy assistant secretary for single-family housing...
A favorable tax structure, jobs and a business-friendly environment are causing Texas housing markets to remain among the most active in the United States.
HousingWire Executive Editor Jacob Gaffney recently discussed the Texas rebound with Gerri Willis, host of The Willis Report on Fox News.
Despite Texas benefitting from jobs, an influx of new residents and active mortgage and real estate sectors, Gaffney discussed a few of the hidden risks built into the market.
"...
Lately, the Consumer Financial Protection Bureau has been the hottest, and maybe not the most positive talk around the water cooler.
But, the agency is striving not to be the bad guy.
In a new campaign, the CFPB is slowly releasing new guides and summaries to help banks and non-banks understand the mortgage rules.
Earlier in the month, the bureau...
