Regulators promise thaw in mortgage credit underway

Regulators who oversee Fannie Mae, Freddie Mac and the Federal Housing Administration are telling mortgage lenders that they’re ready to cut them some slack, and mortgage lenders say they’re ready to run with the ball. Speaking at the Mortgage Bankers …

Mortgage lending startup gets $1.5M boost from investors

Mortgage lending startup Lenda has raised $1.54 million in seed funding the company says it will use to expand into new markets. The San Francisco-based firm launched a platform in July to allow borrowers to complete the home loan process online …

Big real estate brokerage rolls out its own mortgage app

Howard Hanna Real Estate Services’ mortgage division has rolled out a free consumer mobile app for Android and Apple smartphones that facilitates a connection between the real estate brokerage’s clients and its mortgage company’s loan officers. Consumers access the “Hanna Mortgage …

The real reason home sales have softened

The bulk of last year’s home price rise (except in strong local economies, like mine) was due to a rebound in overly discounted prices, and now we are reverting to nonrecovery. We might get a housing recovery going if we backed off Dodd-Frank and Consumer Financial Protection Bureau hysteria, but that’s not enough. …

Time to redesign our system of mortgage lending

Long-term rates have stabilized, mortgages just under 4.5 percent, but markets are rattled and it’s hard to tell exactly who or what is doing the shaking. The Fed has everybody uneasy, simultaneously saying it may raise the cost of money …

Over 300 real estate blogging and video ideas to last the rest of your career

Writing is a passion for me, but, as a novelist, my blogging seems to have taken a back seat. A friend and I have been meeting to discuss how we’re going to get back to blogging and doing videos regularly …

Good news about the economy is bad news for mortgage rates

In the backwards world of bonds and mortgages, in which good news is bad, good news pushed up long-term rates this week. U.S. data may encourage the Fed to accelerate the end of ZIRP (zero interest rate policy) at its …

MLS arming agents with app that calculates buyer and seller closing costs

Mid-Atlantic multiple listing service Metropolitan Regional Information Systems Inc. and settlement services firm Federal Title & Escrow Co. have launched a desktop and mobile app to offer closing cost estimates to MRIS’ 44,000 members. The app, MRIS Close It!, allows agents …

What Realtors need to know about credit scores

Realtors often first direct their clients to get approved for a loan amount through their favorite lender. However, many of these clients feel betrayed, cheated and at times embarrassed to learn that the credit scores they counted on, in some cases …

How to streamline the closing process for your buyers and sellers

Hear what title insurers and settlement services providers are doing to streamline the closing process for homebuyers and sellers from Matt Morris, CEO of Stewart Information Services Corp., and Patrick Stone, president and CEO, Williston Financial Gro…