Forbearances hold steady as exits slow

The U.S. forbearance rate held relatively steady last week, rising one basis point to 5.38% of servicers’ portfolio volume, according to a survey from the Mortgage Bankers Association released on Monday. The virtually unchanged rate of forbearance volume can be attributed to a stalemate between steady declines in almost every … Continue readingForbearances hold steady as exits slow

First American exits property and casualty business

“Big Four” title insurer First American Financial Corp. announced Monday that it has reached an agreement to sell its property and casualty subsidiaries. The sales – known as “book transfer agreements” in accounting parlance –  were made with Safeco Insurance, a Liberty Mutual company, and Heritage … Continue readingFirst American exits property and casualty business

Zillow: Expect another record year for home sales

Zillow’s 2021 housing forecast echoes the projections of other industry experts of a rapid acceleration of home value appreciation, with numbers anticipated to be even higher than in 2020. According to Zillow’s Home Value Index, the company expects seasonally adjusted home values to increase by … Continue readingZillow: Expect another record year for home sales

Darwin Homes grabs $15 million in Series A funding

Darwin Homes, a single-family rental property management startup, announced a $15M Series A funding on Monday. Darwin Homes incorporates new proprietary property management software that allows owners and managers to take control over and scale their portfolios across different markets nationwide. The company tripled the … Continue readingDarwin Homes grabs $15 million in Series A funding

Doug Duncan: Stimulus will create only temporary relief

Fannie Mae is optimistic about economic growth in 2021 as the vaccination agenda promises to put an end to the COVID-19 pandemic. However, Fannie Mae Chief Economist Doug Duncan said that some options being considered, such as stimulus packages with checks for Americans, will create … Continue readingDoug Duncan: Stimulus will create only temporary relief

HousingWire Lead Analyst featured on Bloomberg Radio

Housing demand soared in 2020 as mortgage rates dipped to all-time lows, resulting in a banner year for mortgage originators. But strong demand and a limited housing supply also led to rising home prices, causing some to speculate about a housing bubble. However, HousingWire Lead … Continue readingHousingWire Lead Analyst featured on Bloomberg Radio

HousingWire Lead Analyst featured on Bloomberg Radio

Housing demand soared in 2020 as mortgage rates dipped to all-time lows, resulting in a banner year for mortgage originators. But strong demand and a limited housing supply also led to rising home prices, causing some to speculate about a housing bubble. However, HousingWire Lead … Continue readingHousingWire Lead Analyst featured on Bloomberg Radio

Here’s how to choose between a house, condo or townhouse

Buying a home is a big decision. And choosing the right type of property? That’s critical to success. The property type you opt for will ultimately impact your cash flow, how much work and maintenance the home requires, and the wealth you’re able to build … Continue readingHere’s how to choose between a house, condo or townhouse