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Flagstar exiting warehouse business to bolster parent NYCB

USA Real Estate News-Inman - Wed, 2024-05-15 16:46
JPMorgan Chase Bank has agreed to buy about $5 billion in mortgage warehouse loans from NYCB. Flagstar will continue retail and wholesale mortgage lending and servicing operations.

Mortgage rates headed under 7% on encouraging inflation data

USA Real Estate News-Inman - Wed, 2024-05-15 14:20
Homebuyers have yet to respond in force to drop in rates, which have been in retreat from 2024 highs for three consecutive weeks following Fed easing and soft jobs and CPI reports.

Reliance Designs New Website for Intero Real Estate Services

USA Real Estate News-RISMedia - Wed, 2024-05-15 14:12

Reliance has announced its newest partnership with Intero Real Estate Services: designing and launching the Northern California-based real estate company’s new website, which includes a Hyperlocal MLS search experience.  “It is a true honor to partner with a company like Intero whose name has become synonymous with the top agents in the business,” said Sean…

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Texas, Florida are affordability havens for homebuyers: Zillow

USA Real Estate News-Inman - Wed, 2024-05-15 13:55
Rising inventory and slowing home price growth have made Austin, San Antonio, Tampa, Orlando and Jacksonville some of the best markets for buyers, according to Zillow's latest Market Heat Index.

RentSpree, UtahRealEstate.com ink software union

USA Real Estate News-Inman - Wed, 2024-05-15 13:44
RentSpree has more than 300 associations and MLSs in its partner network, who primarily use its ApplyLink solution, a single browser experience that automates application collection, screening, approval and other property management operations critical to securing occupancy..

Nurturing Partnerships and Driving Business Growth

USA Real Estate News-RISMedia - Wed, 2024-05-15 13:38

Above, Sarah Hatch Sarah Hatch  Vice President of Relocation Lamacchia Realty Waltham, Massachusetts https://www.lamacchiarealty.com  Region served: Massachusetts, New Hampshire, Rhode Island, Connecticut, Maine and Florida Years in real estate: 8 Number of offices: 16 Number of agents: 550 Motto/work philosophy that you live by: If you want it, work for it. Describe your journey with…

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Why Homeowners Across the U.S. Are Acquiring Home Equity Loans

USA Real Estate News-RISMedia - Wed, 2024-05-15 13:34

In a high price market like the one real estate has seen for the past few years, many homeowners have seen a jump in their home equity. So, while home sales have been mostly down, home equity loans have not seen the same decrease.  Homeowners looking to borrow against their home equity have never had…

The post Why Homeowners Across the U.S. Are Acquiring Home Equity Loans appeared first on RISMedia.

While banks pull out, investment funds double down on real estate

USA Real Estate News-Inman - Wed, 2024-05-15 11:43
Multiple funds told Reuters they planned to increase their credit exposure to property as banks back off from commercial real estate.

Mortgage Applications See Second Week of Increases

USA Real Estate News-RISMedia - Wed, 2024-05-15 11:40

Mortgage applications saw a slight increase of 0.5% from last week’s bump of 2.6%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA) for the week ending May 10, 2024.  This week’s numbers:  The Market Composite Index, a measure of mortgage loan application volume, increased 0.5% on a seasonally adjusted…

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Mortgage Rates Continue to Plague Homebuilder Confidence

USA Real Estate News-RISMedia - Wed, 2024-05-15 11:25

As mortgage rates rose back above 7% in April, and remain high despite a recent decrease, homebuilders are pulling back their hopes for the housing construction market, according to the latest National Association of Home Builders (NAHB) data. The NAHB/Wells Fargo Housing Market Index (HMI) for May registered at 45, six points down from the…

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