This morning, Freddie Mac released a new tool called “MiMi,” which stands for Multi-Indicator Market Index. Put simply, it measures the stability of the housing… Read More »New Freddie Mac Tool Says National Housing Market Is Weak, But Stabilizing
Talk of another housing bubble is not new. In fact, pundits have been fretting about another bubble for over a year now thanks to rapidly… Read More »Trulia Bubble Watch Reveals Most of California Is Overvalued
A bipartisan energy bill that was introduced to the Senate late last month would benefit mortgage borrowers who buy or refinance energy-efficient homes. The SAVE… Read More »New Bill Would Require Lenders to Consider Green Energy Savings When Determining Homeowner’s Ability to Pay
Update: Carrington Mortgage Services now allows FICO scores as low as 500 for both FHA loans and VA loans, which is the minimum credit score… Read More »Wholesale Mortgage Lender Drops Minimum FICO Score for FHA and VA Loans to 550
What a difference a city makes…in the uber-hot Bay Area, a staggering 43.5% of homes for sale are priced at $1 million bucks or above,… Read More »Forget Location, Location, Location, It’s Water, Water, Water!
Despite the fact that economists always caution homeowners not to look at their homes as investments, people do. In fact, everyone does. How could you… Read More »The Majority of Those Who Bought a Home at the Worst Time in Recent History Still Have Some Equity
The mortgage market is essentially made up of purchase-money lending and refinance lending, with home equity lending sprinkled in. Over the past couple years the… Read More »Here Are the Mortgage Lenders That Rely Most on Refinances to Stay in Business
A trio of reports released today by Redfin and Zillow revealed some rather conflicting information about the housing market. While pretty much everyone agrees that… Read More »Home Sales Hit Five Year Low Despite Healthy Appetite from First-Time Buyers
Today, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) said they reached an agreement on housing finance reform. The pair… Read More »The Wind Down of Fannie Mae and Freddie Mac Gets Real
It wasn’t long ago that real estate was deemed toxic, untouchable, whatever bad thing you want to call it. But times have changed, thanks to… Read More »Thank You Millennials for Your Faith in Real Estate
