The BP oil disaster in the Gulf of Mexico is expected to reduce home values by as much as $3 billion over the next five years, according to a new report from CoreLogic. But there is a huge 'what if' estimate as well. If the spill hits the Gulf Stream and moves through the Florida Keys and up the Atlantic Coast the RE damage could total $28 billion in lost value. See the National Mortgage News website for additional details on the story...
Given current rates are higher than the MBA and Fannie Mae forecasts, the industry could see further downside risk to the housing outlooks in October.
ICE dropped its post-Dec. 31 SDK access fee as migration lags. Audit plugins, get written confirmation from ICE, budget for dual-running and weigh API-native rivals.
The latest runup alarmed lenders but offered some new servicing opportunities unique to this market that can benefit both sides of the business.
The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
