Freddie Mac will suspend all foreclosure sales and evictions through Dec. 31 in areas that the Federal Emergency Management Agency has declared eligible disaster areas as a result of hurricanes Harvey and Irma.
New home purchases increased 6.8 percent compared to August 2016. Compared to July 2017, applications increased by 7 percent relative to the previous month, according to a report released yesterday by the Mortgage Bankers Association (MBA).
Nationally, 4.5 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in June 2017, according to a report released today by CoreLogic, a global property information provider. This represents a 0.8 percentage point decline in the overall delinquency rate compared with June 2016 when it was 5.3 percent.
Equifax, the consumer credit monitoring company announced Thursday that hackers stole the personal information and other credit information from approximately 143 million Americans, putting them at risk of identity fraud.
MISMO, the mortgage industry’s standards organization, is inviting industry participants to collaborate on new closing instruction standards, which will be designed to improve communication and avoid delays during the closing process.
The late actress Katharine Hepburn’s former home along the Long Island Sound in Connecticut has sold for $11.5 million after several years on the market, the Associated Press reports.
Kevin Moran was a professional bluesman before making the leap into the mortgage business in the mid-1980s. After stints as a loan originator and manager at regional and national bankers, he returned home to Webster Bank in the Waterbury office.
Median home prices in the second quarter eclipsed a record high set in 2016, jumping 6.2 percent year over year as the inventory crunch continues to push property values higher, according to the National Association of Realtors.
Innovation in the Constitution State’s 21st century real estate market isn’t just about technology; it’s about technology that improves service to clients.
Patti White joined Norcom in 2008, after 20 years in the legal industry. She now serves as president of Military Direct Mortgage, a division of Norcom Mortgage. She is a licensed MLO in 23 states.
Mortgage applications increased 3 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Aug. 4, 2017.
The National Association of Realtors announced in a video yesterday that former senior vice president and 30-year industry veteran Bob Goldberg has been selected as the organization’s new CEO.
The name on her real estate sales license says “Marie,” but only complete strangers call her that.
Mortgage applications increased 6.3 percent from one week earlier, according to data released this week from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 14, 2017. The results included an adjustment for the Fourth of July holiday.
Healthy and stable growth in home improvement and repair spending is anticipated for the remainder of the year and into the first half of 2018, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
The skilled labor shortage is beginning to impact construction costs in Connecticut. Builders who used to handle most of the jobs on a construction site have pared down their staffs and rely more on subcontractors. Now those subs are having trouble finding workers – and it’s driving up the cost of construction.
Expectations for 2017 economic growth remain at 2.0 percent in light of a projected second half slowdown, according to the Fannie Mae Economic & Strategic Research (ESR) Group’s July 2017 Economic and Housing Outlook.
Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey, showing average mortgage rates rising across the board for the second consecutive week.
Tech-driven real estate brokerage Redfin took its first step towards going public last week.
The Greater Hartford Association of Realtors held a ribbon-cutting ceremony at its new headquarters at 430 New Park Ave. in Hartford on June 22.
