Mortgage Rates Drop Again - Sparking More Interest in Home-Loan Refinancing
Falling mortgage rates have yet again caused a resurgence in refinancing activity. The most recent mortgage application data from the Mortgage Bankers Association showed that refinance activity was 163% higher than a year ago.
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Quicken Loans can now offer eClosing across all 50 states
The firm completed its first eClosing almost 2 years ago and says that its volume registered with the Mortgage Electronic Registration System (MERS) shows it completed 96% of the electronic closings in the US.
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[INDIA] Cheaper, standard title insurance product on anvil
A standardised title insurance product is on the anvil as the regulator is looking to simplify the product to make it more affordable for realtors. Real estate developers had sought a reduction in premiums to ensure that they are able to buy a product for each new property being set up.
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NYC deputy housing commissioner fined for asking for Yanks, Nets tickets
A high-ranking city housing honcho is in hot water for trying to snag Yankees and Nets tickets from the owner of a title insurance company that had business with city-financed affordable housing projects.
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Treasury to allow Fannie Mae, Freddie Mac to retain $45 billion in capital
The Department of the Treasury and the Federal Housing Finance Agency announced Monday it will now allow the government-sponsored enterprises to retain up to $45 billion in combined capital as they prepare to leave conservatorship.
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Will Mortgage Rates Stay Low Through 2019? Here's What Experts Predict
Mortgage rates logged their lowest monthly average in over three years last month, and it seems it wasn't just a blip on the radar. According to three industry forecasts, the trend toward low mortgage rates, slowing home price growth and increased housing construction will continue well into 2020.
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Zillow Is Digitizing The Home Buying Experience
Zillow is in the early innings of a pivot to a one-stop shop for real estate. This pivot involves getting into the nascent iBuyer industry, a controversial business model that could either upend the real estate industry or blow up, as well as making significant changes to its existing ad business. Zillow is also building ancillary businesses in mortgages, title insurance, and other adjacencies.
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