Mortgages

After three straight months of double-digit percentage declines, single-family home sales in Massachusetts rebounded to set new records in July.

With mortgage rates and housing inventory both at all-time lows, the majority of consumers would overshoot their budgets for the right home without accounting for future costs, according to LendingTree.

Mortgage application volume decreased 6.5%, falling for the second consecutive week with refinance activity at its lowest since early July, according to the Mortgage Bankers Association.

In the list of numbers summing up the Bakersfield, Calif., single-family home market last month, one figure better than any other explains why buyers are bidding up prices lately.

Like much during the pandemic, the latest news on home prices inspires a definite sense of deja vu.

If it makes landfall as a Category 3 storm as was initially projected, damage from Hurricane Laura's surge could potentially devastate 432,810 residential properties in Texas and Louisiana, according to CoreLogic.

The mortgage giants were criticized earlier this month for a plan to charge an "adverse market fee" to protect against losses resulting from the pandemic.

The housing market reaped the rewards of new construction increasing before the coronavirus took effect, netting a boost in July sales, according to Redfin.

There is a shortage of notaries and that is being made worse by those lenders that don't offer remote online notarization.

New-home sales jumped to the highest level in almost 14 years in July as low mortgage rates helped fuel a suburban construction boom.

Kasasa's turnkey product for community banks and credit unions offers a "take-back" option.

Record low mortgage rates helped make last month the best July on record for home sellers in the Twin Cities with sales — and prices — up double-digits.

Fresno is one of the more affordable markets compared to the rest of the state, where the median home value is $258,502 with a rent of $1,395, while the average price across California is $578,267 with a median mortgage of $2,775.

If Trump is reelected, his administration would likely move forward with privatizing Fannie Mae and Freddie Mac and relaxing key rules, while a Joe Biden presidency would likely try to expand homeownership access and borrower protections.

The number of loans going into coronavirus-related forbearance decreased for the tenth straight week, but to a lesser degree than in previous weeks, according to the Mortgage Bankers Association.

Five months of remote work, bedroom-to-desk commutes and child-populated home offices have failed to ignite a great Bay Area exodus, but over in Lake Tahoe, July home sales more than doubled over last year.

As swelling demand constricts inventory to record-low levels, home price growth cuts into the purchasing power afforded by plunging interest rates, according to First American.

While cutting losers to buy winners is an age-old investment proposition, the Covid-19 pandemic may create even more openings than the past crises that became bonanzas for real estate investors.

Home prices in San Diego County blew past previous records to hit an all-time high of $634,000 in July.

Late fees on loan payments and late-arriving documents tied to forbearance and loan forgiveness are just some examples of how delays caused by cutbacks at the U.S. Postal Service could affect lenders and their customers.