Freddie Mac Survey Finds People Increasingly Prefer Renting
New research released today by Freddie Mac indicates that affordability and changing attitudes towards renting are playing a significant role in the growing demand for rental housing.
MBA Chairman To Retire In 2018
Mortgage Bankers Association (MBA) President and CEO, David H. Stevens today announced his plans to retire on September 30, 2018. Stevens will continue to lead MBA until that time.
Mortgage Applications Dipped As Rates Rose Last Week
Mortgage applications decreased 4.6 percent from one week earlier, according to data released yesterday from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 20.
US Treasury Report Finds CFPB Arbitration Rule ‘Will Impose Extraordinary Costs’
A U.S. Treasury report released yesterday is heavily critical of the Consumer Finance Protection Bureau’s new rule banning companies from using mandatory arbitration clauses saying it would “effect a large transfer of wealth to plaintiff’s attorneys.”
Multifamily Lending Up In 2017
Multifamily lending was up 8 percent year over year in 2016, with nearly 3,000 different multifamily lenders providing a total of $269.2 billion in new mortgages for apartment buildings with five or more units, according to a new report from the Mortgage Bankers Association.
Mortgage Applications Rose Last Week As Rates For Conforming Loans Dip
Mortgage applications increased 3.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 13. The week’s results included an adjustment for the Columbus Day holiday.
Builders Blame Government For Construction Slowdown
Turns out there’s a bright side to Connecticut’s fragile housing recovery. While the National Association of Realtors warns brokers and agents to expect to see their commissions drop, high inventory and low prices will keep those drops in check for Nutmeg State Realtors.
Mortgage Applications Fall As Rates Edge Upward
Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 6, 2017.
Residential Mortgage Delinquencies Hover Around 10-Year Low
Loan performance remained flat in July 2017 after hitting 10-year lows the previous month, according to a report released today from CoreLogic, a global property information and analytics firm.
The Cozzi Team Joins BHHS New England Properties
Lisa Mulvey-Cozzi and the Cozzi Team have left Regions Commercial Real Estate Advisors and joined the Glastonbury office of Berkshire Hathaway HomeServices New England Properties, according to office leader Beth DiLoreto.
CT Property Taxes Second-Highest Nationwide
Connecticut homeowners paid some of the highest real estate taxes in the country again last year, according to analysis from the National Association of Home Builders.
September Rents Dip Following Eight Months Of Increases
A report released yesterday by Apartment List Rentonomics said the national rent index has fallen by 0.1 percent between August and September of this year. That is the first month-over-month decrease in 2017.
CFPB Orders Meridian Title To Pay Consumers Up To $1.25M
The Consumer Financial Protection Bureau took action today against real estate settlement services provider Meridian Title Corporation for steering consumers to a title insurer owned in part by several of its executives without making disclosures about the businesses’ affiliation.
Builders Say Green Building Is A Significant Share Of Overall Activity
Green construction is rapidly gaining traction among both single family and multifamily home builders, according to new research published in the Green Multifamily and Single Family Homes 2017 SmartMarket Brief.
CoreLogic Reports Mortgage Credit Risk Increased In Q2
Mortgage credit risk increased in the second quarter of 2017, but remains within the baseline range of credit risk, according to a report released today by property information provider CoreLogic.
Despite National Fears, Local Agents Report No Pressure On Commissions
Turns out there’s a bright side to Connecticut’s fragile housing recovery.
Hurricane Irma Losses Could Exceed $65B
Preliminary loss estimates for Hurricane Irma is estimated to be between $42.5 billion and $65 billion (excluding uninsured commercial losses), according to a report released today from CoreLogic, a global property information company.
Real Estate Agent Hit And Killed By Train In Connecticut
Two Thompson residents were struck by a train in Thompson last Wednesday. One was killed, the other suffered life-threatening injuries, according to a statement from the Connecticut State Police. Both were real estate agents in the Worcester, Massachusetts area.
CT Realtors Oppose Increase In Real Estate Conveyancing Tax
The statewide Realtor organization is urging property owners to contact their legislators and ask them to oppose any increases in the real estate conveyancing tax included in Gov. Dannel P. Malloy’s proposed budget.
Survey: Millennials Anxious About Down Payments
Anxiety about having enough money for a down payment is one of the factors keeping Millennial renters from buying a home, according to a new national survey by LoanDepot cited in the September 2017 Down Payment Report.
