Buyers drop bigger down payments to gain a competitive edge



As buyers face increased competition in U.S. housing markets, some are attempting to gain a competitive edge by offering a larger down payment. “In many purchase situations, there are multiple offers, and the buyers who have the bigger down payment are more likely to win out,” Daren Blomquist, ATTOM Data Solutions’ senior vice president, told […]

Buying REO is different; learn the steps that make it a challenge



People have been buying and selling REO, otherwise known as foreclosures, for decades. There used to be huge real estate courses specifically designed on how to make millions buying foreclosures

The tide is turning as ‘underwater’ homes dry up



While most homeowners are enjoying seeing the value of their properties appreciate, there’s also good news for some of those who were previously underwater, or owing more on their mortgages than their homes are worth. New data from ATTOM Data Solutions’ third quarter 2017 Home Equity & Underwater report shows that there are now just […]

Tinkering With Mortgage Qualifications



It had to happen sooner or later. The lower volume of mortgage applications is resulting in some tinkering to find more consumers that can qualify. Fannie Mae, Freddie Mac, and major lenders aren’t necessarily

California wildfire victims to get mortgage relief



Homeowners whose properties have been lost or damaged by the wildfires in California this year might be able to defer their mortgage payments

Parents are refinancing their homes to help their kids win ‘bidding wars’



With bidding wars becoming increasingly prevalent in a housing market that’s plagued by low inventories, some parents and their adult children are teaming up to help them better compete.

Mortgage application fraud grows 17% in first half of 2017



Mortgage fraud is back in vogue with reports suggesting that a growing number of borrowers are lying on their loan applications.

Home builder Lennar offers to help pay off some student’s debts with new mortgage deal



Home building firm Lennar Corp. is trying to make it easier for new graduates saddled with student debt to buy a home. The company has just launched a new mortgage product wherein it promises to help young adults

Lenders are easing standards, making it easier to obtain a mortgage



Government-backed mortgage services Fannie Mae says that lenders are easing their standards for consumers to qualify for a mortgage.

Freddie Mac says sales will rise in 2018 as new home starts increase



It might be a bit early to start making predictions for real estate in 2018, but that hasn’t stopped Freddie Mac from attempting to do so.

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