True Stories: Hybrid, eNote and RON Implementation

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Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbor

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

Don’t sleep on non-QM products

Now is the perfect time for originators to consider expanding to non-QM products – to grow business, diversify their offerings and to ensure an opportunity to better serve their customers.

Real Estate

FHFA: Home shortage pushing prices

Supply shortages in some housing markets continue to place upward pressure on prices.

As a result, home prices inched upward 0.7% on a seasonally adjusted basis from January to February, according to the Federal Housing Finance Agency

From Feb. 2012 to Feb. 2013, home prices also rose 7.1%.

However, the index is well below pre-crisis levels, down 13.6% and roughly the same as the October 2004 index level. 

“Still, the improving prices will help add supply to the housing market,” said analysts for Econoday.

Nonetheless, it is important to note that home prices have not declined on a monthly basis since Jan. 2012. 

Regionally, the February home price gain was led by Pacific, increasing 15.3%. The weakest region was Middle Atlantic, down 0.6% for the month.

The FHFA’s home price index is calculated using monthly home sales price information released by Fannie Mae and Freddie Mac.

cmlynski@housingwire.com

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