ATTOM Data Solutions

Nearly 2 Million People STILL Owe More Than Their House Is Worth

Today’s News Synopsis: Why do underwater homeowners keep paying the mortgage?  Mortgage rates increased to their highest this year with 30-year rates now at 4.47% and 15-year rates at 3.94%.  Home prices saw their biggest increase in four years, having increased 8.9%. In The News: Realtor.com – “What’s Holding Back New Home Construction?  There’s No …

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500 Credit Scores? Foreclosure? Late Payments? It’s Cool, They’re Going To “Properly Underwrite Them”???

Today’s News Synopsis: Don’t call them subprime mortgages.  ATTOM Data Solutions reported a 19% decrease in foreclosure activity in the first quarter of this year.  New home purchase applications decreased 2.6% year-over-year according to the Mortgage Bankers Association. In The News: ATTOM Data Solutions – “U.S. Foreclosure Activity Decreases 19 Percent in Q1 2018 to …

500 Credit Scores? Foreclosure? Late Payments? It’s Cool, They’re Going To “Properly Underwrite Them”??? Read More »

Americans Taking a Cue From Mongolians For Affordable Housing

Today’s News Synopsis: More Americans are saving money on homes by designing their own versions of Mongolian tents.  According to Freddie Mac, apparently both the millennials and Gen Xers are currently not interested in owning home.  The amount of mortgage credit available decreased last month by 1.5% to 177.9 in March. In The News: USA …

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Fed Up With Housing Costs and Taxes

Today’s News Synopsis: California lost 138,000 people to domestic migration in the last 12 months.  The Mortgage Bankers Association reported a 6.7% increase in commercial/multifamily mortgage debt, which now stands at $200.3 billion.  Freddie Mac has come up with an easier and more efficient way for the self-employed to underwrite mortgages. In The News: Freddie …

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3 Things Unmarried Couples Should Do When Buying A Home Together

Today’s News Synopsis: So you’re buying a house together but you haven’t tied the knot?  Home values increased 6.7% in the last year, the slowest appreciation rate since November 2016.  Mortgage rates are continuing to show signs of increase with 30-year rates at 4.4% and 15-year rates at 3.85%. In The News: Zillow – “Home Value …

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Millennials On One Side and Move-Down Buyers On the Other

Today’s News Synopsis: What is the barbell of real estate? Housing demand!  Mortgage rates are continuing to increase with 30-year rates now at 4.38% and 15-year rates at 3.84%.  The NAHB reported builder confidence was at 72, still pretty strong levels.  . In The News: Fannie Mae – “Growth Outlook Unchanged Despite Recent Market Volatility” (2-15-2018) …

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