Housing Wire
MAY 9, 2022
billion in 2020, an increase that ALTA attributed to historic mortgage origination activity and the substantial increase in home values. Incredibly low mortgage rates (led) to an unprecedented increase in real estate transactions and substantially higher home values,” Diane Tomb, the CEO of ALTA said in a statement.
Housing Wire
SEPTEMBER 22, 2022
Last year, Unlock and Salude Grade teamed up for their initial PLS offering, GRADE 2021-WL1 , a $153 million unrated securitization backed, in part, by Unlock-originated HEA contracts along with other mortgage assets acquired by the securitization trust. The interest rate for a 30-year, fixed-rate mortgage averaged 6.47% on Tuesday, Sept.
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Housing Wire
JANUARY 13, 2022
The Supreme Court weighed in on a class action lawsuit against Quicken Loans , now Rocket Mortgage , regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009.
Housing Wire
JUNE 21, 2022
Despite rising interest rates , higher home prices and a drop in refinance volume , the American Land Title Association recorded $5.89 billion in premiums, which ALTA attributed to historic mortgage origination activity and the substantial increase in home values. “A Overall, title underwriters paid of $132.7
Housing Wire
JANUARY 11, 2021
Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.
Housing Wire
DECEMBER 16, 2022
For a home valued at $250,000, the cost of an owner’s title insurance policy would be just 11 cents a day on a 30-year mortgage. nationally since 2004 and roughly 5% the past two years, based on the most recent industry data from 2021. There is a difference between a homeowner’s policy and a lender’s policy.
Will Springer Realtor
AUGUST 11, 2023
If finding a home isn’t enough of a challenge, affording one can make the purchase experience doubly “exciting.” NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. income can qualify for financing on a median-priced home.
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