Where The Next Real Estate Bubbles Are Inflating
Cities hemmed in by mountains or water have this problem, while a metropolis bordered by generous amounts of open space do not. Of course, that doesn't mean that prices in the most-expensive markets are fair. They are often headed for a fall.
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Thousands line up for zero-down-payment, subprime mortgages
Magdalene Altidor lost her home to foreclosure during the subprime mortgage crisis, but this week she was first in line at a four-day event in Miami where borrowers with poor credit were offered no-down payment, low interest rate loans.
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Mortgage rates on 30-year home loan hit 5 percent, a nearly 8-year high
Buying a home just got a bit more expensive. Rates on the most common mortgage topped 5 percent for the first time since February 2011, making it even harder for buyers to get an affordable house.
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Sellers Are Slashing Home Prices, But Rising Mortgage Rates Might Dull The Impact
For the first time in what seems like a while, would-be home buyers have something to celebrate: Home price reductions have hit their highest level since 2014.
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Two Senate Dems call for investigation into money laundering in luxury real estate
Senators Chris Van Hollen (D-Md.) and Sheldon Whitehouse (D-R.I.) have called on the Government Accountability Office to study whether vulnerabilities in anti-money laundering laws applicable to the real estate sector present increased risk of criminal activity.
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Artificial Intelligence Competing with Real Estate Agents
A new brokerage is creating stiff competition for traditional real estate agents. REX Real Estate Exchange (REX) uses artificial intelligence, machine learning, and robots to connect buyers, sellers, and properties-all for two percent commission.
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Radian Previews Bold New Visual Identity at 2018 Annual MBA Convention & Expo
"The new Radian is dedicated to disrupting existing business models to enable our customers to better transact and manage risk across the mortgage and real estate spectrum. Unlike traditional mortgage insurance companies, we're able to offer a much broader, more diversified set of products and services to our customers. That puts us in a unique position to deliver on the mortgage industry's need for innovation as it adapts to new expectations for speed, transparency, and accountability."
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Understanding Mortgage Insurance: What's the Difference Between MIP and PMI?
The homebuying process brings with it a lot of terms and acronyms that can be quite confusing to those unfamiliar with the industry. For instance, if you're like the large number of homebuyers who struggle to come up with that elusive 20 percent down, you may hear the acronyms PMI and MIP while shopping for your mortgage. While they both have to do with mortgage insurance, they are handled in different ways.
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