Mortgages

In states where it is legalized, cannabis sales tax revenues led to greater home value appreciation through community reinvestment, according to an analysis by Clever Real Estate.

The company, OriginPoint, brings together two enterprises active in the jumbo-homes space.

Most troubled homeowners can avoid a long foreclosure process by selling and exiting with clean credit or even a profit, but a little under 2% may not have enough value in their property.

The bank's second quarter production revenue was down 32% from the first quarter, even as volume increased 4%.

Competition amongst those shopping for homes fell for the second straight month as surging prices pushed consumers to the sidelines and inventory saw modest gains, according to Redfin.

The Mortgage Bankers Association is advocating for more funding for the agency due to its elevated securitization activity, and counterparty risk linked to a lingering concentration of loans in forbearance.

Boosts in purchases and cash-out refinances drove the summer turnaround, according to Black Knight.

The New York-based lender projects it has a $3.6 trillion market opportunity outside of the U.S.

Local mortgage and real estate professionals give insight on the metro areas projected to experience the highest appreciation over the next year, according to Zillow.

Also: Private equity firms to buy Lereta, mortgage rates continue to fall & mortgage applications decline for a second week

The sharp decline suggests borrowers are recovering enough from pandemic-related hardships to leave forbearance plans even before a key expiration date arrives this fall.

Still, the average time a property is on the market is at an all-time low, with more than half going into contract within two weeks.

Identifying where payment stress is concentrated could help mortgage servicers and federal policymakers prepare for the broader range of loan workouts that will resume this summer.

Renters will need to reserve an additional $369 per month to keep up with rising listing prices over the next year, according to Zillow.

With talk of an overheating economy abating, economists see few signals that would indicate near-term rate spikes.

But some local markets in the Midwest and oil regions are seeing a lag compared to nationwide annual gains, Veros Real Estate Solutions found.

The White House's firing of Federal Housing Finance Agency Director Mark Calabria sparked immediate speculation about who will run the agency and help chart the future of the two mortgage giants. Potential nominees include ex-Obama administration officials, congressional staffers and members of the Biden transition team.

It will be several years before business and group travel return to normal levels, according to an estimate from the American Hotel & Lodging Association.

The company has seen business ramp up as servicers have sought additional help managing escrowed funds following last year’s refi boom.

The dynamic between housing market players diverged to an even greater degree amid intense demand and surging home prices, according to Fannie Mae.