In anticipation of three rate hikes in 2018, homebuyers are rushing to buy their new home before the Fed's axe drops. Capital Economics monthly housing report anticipates this demand will be short lived and that come June, those numbers will fall.
Homebuyers are increasingly looking to texting as a way to communicate with housing professionals on the go during the home buying process, however, certain topics are off-limits for this method of communication. A new Ellie Mae study found that while the demand for communicating by text increased, less homebuyers prefer to communicate through email.
OfferPad, which buys homes directly from homeowners through its own platform, is expanding again and plans to keep growing. The company currently operates in Atlanta, Phoenix, Tampa, Orlando, Las Vegas, Salt Lake City and Los Angeles. And now, OfferPad is expanding to Charlotte.
Access to smartphones is redefining consumer expectations and getting a mortgage is a “wildly different” experience for homebuyers when compared to other online transactions. And not in a good way, according to Fannie Mae CEO Timothy Mayopoulous. “With Amazon shopping one click away and streaming Netflix on your smartphone, looking for a mortgage is a wildly different digital experience,” he said in an interview this morning after reporting another profitable quarter.
Trulia’s new study shows that despite rising home prices, it is still cheaper to buy a home than to rent. While there’s talk about a rate hike this year, Trulia explains why potential homebuyers shouldn’t be concerned.
Homebuyers need to be prepared to act and act fast, as homes are "flying off the market" at speeds not seen in six years, a new report from Zillow shows. Here's the full scoop on why now, like right now, is the time to buy.
Millennials represent a huge population of untapped potential when it comes to homebuyers. As Millennials get older and start thinking about buying a home, lenders struggle to connect with this generation. This is the perfect example.
It’s no surprise that various entities maintain homebuyer education tools available for consumers, including the Consumer Financial Protection Bureau, Fannie Mae, the Mortgage Bankers Association, and others. But a new homebuyer education tool is coming, from another source – a private mortgage insurer.
He wears t-shirts to his televised interviews; not very CEO. He played sports at a high level, but rarely brings it up and when he does he talks about it as a mere chapter in his life. Honestly, who plays a Super Bowl and doesn’t describe it as the defining moment in their personal journey? Casey Crawford, that’s who. His family is a big part of his life of course, but he talks about his even larger family — his coworkers — in terms that are just as glowing.
One of the things that has bedeviled mortgage financing post-crisis has been the absence of the private label mortgage backed securities market. During the peak years, private label MBS issuance topped $1 trillion. In 2017, only $70 billion of private label RMBS were issued, although that is a big increase from 2016.
Digital technology has disrupted businesses and industries from publishing to public transportation, so can the mortgage industry be far behind? Actually, anyone who’s applied for a mortgage recently will have recognized that things are already changing fast.