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Newsfeed: Mortgage fees are changing for homebuyers next month. Here’s what you should know.

Newsfeed: Mortgage fees are changing for homebuyers next month. Here’s what you should know.

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If you’re looking to buy a home, be aware that mortgages will change next month. Starting May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan Level Price Adjustments (LLPAs), the fees that vary from borrower to borrower based on their credit scores, down payments, types of home and more. The changes relate to credit scores and downpayment sizes.

Newsfeed: Mortgage fees are changing for homebuyers next month. Here’s what you should know. Read More »

Newsfeed: The commercial real estate market is wobbling, and 2 of the largest players are feeling the pain of higher rates and tighter credit

Newsfeed: The commercial real estate market is wobbling, and 2 of the largest players are feeling the pain of higher rates and tighter credit

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The commercial real estate market is showing signs of weakening, demonstrated by the pressures being felt by two of the market’s largest players amid higher rates and tighter financial conditions.

Newsfeed: The commercial real estate market is wobbling, and 2 of the largest players are feeling the pain of higher rates and tighter credit Read More »

Newsfeed: The Western housing market recession hit so hard and fast that a Fortune 500 firm that was riding high at per share has crashed to

Newsfeed: The Western housing market recession hit so hard and fast that a Fortune 500 firm that was riding high at $34 per share has crashed to $1

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Nestled in the sprawling desert community of North Las Vegas, the three-bedroom home at 6043 Clovelly St. perfectly embodies what has gone terribly wrong at Opendoor Technologies.

Newsfeed: The Western housing market recession hit so hard and fast that a Fortune 500 firm that was riding high at $34 per share has crashed to $1 Read More »

Newsfeed: Single-Family Building & Permits Jump As ‘Renter Nation’ Fades

Newsfeed: Single-Family Building & Permits Jump As ‘Renter Nation’ Fades

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After February’s surprise surge in Housing Starts and Permits, driven largely by a brief dip in mortgage rates, the housing market’s data was expected to slide significantly in March data released today… and they did. However, while housing starts fell, it was less than expected (-0.5% MoM vs -3.5% exp but Feb’s 9.8% jump was revised down to +7.3%) but Building Permits plunged 8.8% MoM (vs 6.5% MoM drop) and Feb’s data was revised higherto 15.8% (from 13.8% MoM)…

Newsfeed: Single-Family Building & Permits Jump As ‘Renter Nation’ Fades Read More »

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