News / Features

This Time It’s Personal – FICO Revamps Credit Scores

In an effort to better represent the financial stability of potential homebuyers, Fair Isaac Corp. (FICO) has announced a collaborative venture with CoreLogic to broaden the base of factors it utilizes when rating clients of Freddie Mac, Fannie Mae

Builder Confidence Posts Highest Monthly Gain in 19 Months

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) rose to 18, an increase of four points from September to October, the highest monthly gain in 19 months. According to the National Association of Home Builders (NAHB),

Could HUD Programs Be The Next Budgetary Cut?

Budget reductions are a hot topic in Washington right now, and if two bills from the House and Senate are any indication, funds for the Department of Housing and Urban Development (HUD) could be in danger. HUD funds are

Lagging Supply Threatens Ultimate Buyer’s Market

Housing inventories, according to data from the National Association of Realtors’ Realtor.com, are down 20 percent from last year to 2.19 million. That’s the lowest level since the site began tracking inventories in 2007, and it poses a unique challenge

Sideways Growth the Projection for Thursday’s Sales Data

The National Association of Realtors (NAR) will release its existing home sales data on Thursday, and housing guru Tom Lawler is predicting a continuation of the sideways growth that has defined home sales for the last four months. Posted

Children of the ’50s a Boom to Real Estate

If only all potential homebuyers operated like the baby boomer generation – then business really would be booming! According to a national survey conducted by Coldwell Banker of more than 1300 of the firm’s agents, 87 percent of the

Guaranteed Rate Opens New Branch in Dallas

Guaranteed Rate, Inc., one of the largest and fastest growing independent mortgage lenders in the country, has just announced it is opening a new branch in Dallas-Fort Worth. Nick Marascia, who will be the branch’s manager, said Guaranteed Rate is

App Review: Mortgage Calculator Pro

Price: $0.99 How it Works: The Mortgage Calculator Pro, one of the top 10 finance apps for 2010, is a quick and easy calculator designed for brokers, Realtors and homebuyers. Optimized for iOS 4 and Retina Display, Calculator Pro

Home Insurance Operates on Inverse in Texas

In 2003, Texas passed several overhauls to its insurance laws, loosening regulations and eliminating oversights. Eight year later, though, homeowners are stuck in an uncomfortable predicament of rising costs and declines in insurance. “The numbers are pretty clear,” said Alex

Gold Medallion Program Attracts Buyers and Motivates Agents

In today’s market, incentives like the Gold Medallion Program from Prudential Gary Greene, Realtors help draw extra attention to quality properties, which benefits buyers, sellers and real estate agents

Keeping it in the Family with Multigenerational Housing

With home prices falling, and financing and appraisals in a precarious position, the renting market is often mentioned as a rising form of real estate. New data out of the Pew Research Center, though, highlights a remarkable upward trend

Mortgage Rates Rise with Jobs Report

In a shocking development, mortgage rates have risen in the last week, riding on the minor optimism from the latest job reports coming out of Washington. After two solid months of declines, culminating in last week’s drop of the 30-year

Amidst Precarious Times, NAR Reaffirms MID Support

National Association of Realtors (NAR) President Ron Phipps recently reaffirmed his organization’s support of the mortgage interest tax deduction (MID), a long-accepted cornerstone of the home buying process that, regardless of its several decades of popularity, is threatened by

HUD Suspends Former Lend America President

The U.S. Department of Housing and Urban Development (HUD) has suspended Michael Primeau, former President of Lend America, from doing any business with HUD following his admission that he engaged in a wide-scale mortgage fraud scheme. “We take this

Fed Lays CRA/GSE Blame Game to Waste in New Report

The financial crisis may have occurred in the fall of 2008, but that has not stopped economists and policy analysts from continuing to offer their perspectives on what ultimately caused the greatest monetary scare since the bank failures of

Mortgage Fee Standards on Supreme Court’s Horizon

The Supreme Court agreed yesterday to hear a case on mortgage fees that will have sweeping implications on how “unearned” mortgage fees are prosecuted in the courts. The case pits Louisiana homebuyers against Detroit-based Quicken Loans Inc. The homebuyers

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