Tuesday , 24 November 2020

Buzz Feed

Mortgage Professionals Gather to Discuss Diversity and Inclusion

Five Star Global’s American Mortgage Diversity Council (AMCD) this week hosted its Fall Virtual Member Meeting, “Connecting Across Distances,” during which industry professionals gathered to address race and inclusion.   AMDC’s Vice-Chair Jodi Gaines, Chief Client Officer at Insight One Financial, says she believes this type of event is invaluable for those aiming to provide effective leadership.  “As mortgage professionals, and especially as leaders, it’s important … The post Mortgage Professionals …

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Affordability Wanes as Price Gains Trump Low Rates; New Loan Limits Soon

The National Association of Realtors® (NAR) said on Thursday that home prices have continued to grow in each of the 181 areas it tracks for its quarterly metro home price report. Both record-low mortgage rates and depleted inventories of existing homes for sale contributed to the annual growth. “Favorable mortgage rates will continue to bring fresh buyers to the market,” …

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The Week Ahead: Suburban Real Estate Boom

Robert Charles Lesser & Co (RCLCO) will be hosting its monthly interactive webinar on Thursday, November 19th, at 9:15 a.m. Pacific Time. The webinar is titled “2020, The Year of the Suburb?” and is part of the monthly COVID round-up webinar series in which senior RCLCO consultants share their insights on the real estate market … The post The Week …

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DS5: Housing Industry Challenges in 2021

This episode of DS5: Inside the Industry features Jesse Roth, SVP of Strategic Partnership & Business Development at Auction.com. Roth discusses how the industry should prepare for customers exiting forbearance plans, as well as other challenges the industry may face in the year ahead “I think 2021 will be all about understanding,” Roth said.   … The post DS5: Housing …

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The Week Ahead: FHA Discusses CWCOT Changes

This week, on Wednesday, November 18, representatives from the Federal Housing Administration (FHA) via a complimentary webinar will offer guidance on the Claims Without Conveyance of Title (CWCOT) program “in which the mortgagee attempts to secure a third-party purchaser for the mortgaged property so that conveyance to HUD is not required in exchange for mortgage … The post The Week …

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Top 30 Companies in Mortgage and Servicing—Part 2

Editor’s note: This story originally appeared in the November edition of MReport, out now.    First Guaranty Mortgage Corporation Headquarters: Plano, TX Contact: 703.556.3333; FGMC.com Leadership: Aaron Samples, CEO; Sarah Gonzalez, COO About: Licensed in 49 states and Washington, D.C., First Guaranty Mortgage Corporation (FGMC) is committed to always thinking outside the box and delivering the best … The post Top 30 …

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Home Sellers Face Bidding Wars in Unusually Competitive Season

According to a report from Redfin, competition in the housing market—although having lessened a bit since autumn arrived— is still intense. In fact, Redfin just shared that after analyzing its data from clients’ bids placed in October, more than half of the offers placed by Redfin clients were met with intense bidding wars. In order … The post Home Sellers …

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FHFA Releases Foreclosure-Prevention Report

The government-sponsored enterprises (GSEs) completed 166,942 foreclosure prevention actions in August, according to new data from the Federal Housing Finance Agency (FHFA). Fannie Mae and Freddie Mac performed 3,599 permanent loan modifications in August, with 23% of these transactions being modifications with principal forbearance. Modifications with extend-term accounted for 61% of all loan modifications during … The post FHFA Releases …

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