Category: Mortgage News

Former HUD Secretary Shaun Donovan is finally saying what the industry has needed to hear for years

The housing market is shifting fast and not in sellers’ favor. List prices are dropping, nearly 41% of homes are seeing reductions, and days on market are stretching past four months.

The market has officially shifted: we now have 36.8% more sellers than buyers, making buyers the hottest commodity in real estate

The market has officially shifted: we now have 36.8% more sellers than buyers, making buyers the hottest commodity in real estate

The housing market is stuck in a cycle where sellers are overpricing homes, riding the market downward, and taking deeper price cuts the longer they wait.

The housing market is in a rough spot most Americans can’t afford a home, many live paycheck to paycheck, and rising costs (like a possible $30 minimum wage and soaring credit report fees) are squeezing everyone.

A new lawsuit alleges Zillow has been steering buyers into costly home loans through deceptive practices involving Zillow Home Loans and its Flex agent program.

challenges loan officers face as the market heads toward a major downturn potentially deeper than 2008 and why preparation and discipline are more important than ever

The housing market is flashing mixed but important signals. Pending home sales are higher than the last three years, but commercial mortgage-backed securities are hitting record delinquency levels.

The economy is flashing major warning signs, and all of them point toward an approaching recession that could rival the intensity of past downturns.