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  • SEC, FBI reportedly investigating Live Well Financial collapse

    Trouble continues to brew for Live Well Financial, the forward and reverse mortgage lender that unexpectedly went bust last month, as court documents reveal that authorities are looking into the lender. According to documents filed by Live Well’s creditors, the SEC, the U.S. Attorney's Office in the Southern District of New York, and the FBI’s Bank Fraud Division have all been poking around for information on Live Well’s dealings. Click the headline for the full story.

Items Tagged with 'homebuyers'

ARTICLES

  • Walk-in pantries, granite countertops, kitchen islands lead homeowners' wishlists

    Tankless water heaters, solar panels and "dog washing stations" are also in demand
    About a third of new homeowners wish they had bought a house with a walk-in pantry. Almost 18% wish they had granite countertops and 17% are remorseful they didn’t buy a house with a kitchen island. Those three items top the list of features recent buyers wish their homes had, according to a survey from Eire Insurance. Also near the top, 16% wish they had a tankless water heater and the same share were pining after hardwood floors.
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  • First American: America's home buying power strengthens in February

    Real house price appreciation falls to slowest annual pace since December 2017
    In February, home prices declined 2.9% year over year, pushing consumer home buying power 2.4% higher than its 2018 levels. Notably, First American Chief Economist Mark Fleming said the first quarter of 2019 has been friendly to potential homebuyers, as declining mortgage rates, ongoing household income growth and moderating unadjusted home prices have boosted affordability.
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  • Redfin: This is how Millennials save for their home down payments

    72% of Millennials fund home down payments with money saved from their paychecks
    Millennial homebuyers are projected to purchase at least 10 million homes within the next 10 years. But how will this debt-heavy generation afford housing in a market that’s already priced out the wealthiest? Real estate brokerage company Redfin claims it’ll be the old-fashioned way.
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  • iBuyer startup Perch lands $220 million capital investment

    Aims to disrupt residential real estate with its full-service offering
    Perch, an online platform for home buying and selling, announced this week that it raised $220 million in funding to fuel its plans for continued expansion. The company, which launched in Texas early last year, is part of a rising category of companies called iBuyers, which seek to simplify the home buying and selling process by creating a completely digital transaction that puts consumers in control. But with a full-service offering that promises more than its competitors, Perch is looking to stand out.
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  • Spring homebuyers likely to grapple with affordability

    Nearly half of shoppers are looking for homes priced at or under $200,000
    Spring home-buying season is officially here, and homebuyers across the country are now projected to dominate the market. But as homeownership demand heightens, new survey data from Realtor.com suggests many prospective buyers will grapple with housing affordability.
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  • AI company Lower launches to help loan originators – not replace them

    Company uses AI to aid homebuyers to make clearer mortgage decisions
    A new company, Lower, announced it has launched operations and is seeking to leverage artificial intelligence to help homebuyers make "smarter mortgage decisions" by improving the online mortgage process to assure homebuyers that the mortgage they are getting is the best one possible.
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  • Redfin: Number of sight-unseen home offers retreat

    One in five recent homebuyers made an offer without stepping foot on property
    As inventory increases and home price growth slows down, homebuyer competition has begun to ease, according to the latest data from Redfin. Redfin Agent Jessie Culbert said now that most homes are staying on the market for longer than a week, there just isn’t as much pressure for buyers to make offers so hastily.
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