Daily market update: June 24, 2016

Mortgage rates plus all the latest real estate market news …

How much home the rent buys in the 40 most expensive US cities

In March, Free and Clear released our first analysis of how much home you could buy based on the median rent in the 20 most expensive U.S. cities. The analysis sparked a lot of interest and touched upon important issues such as sky rocketing rents and …

Foreclosures in Miami falling significantly since 2015

A sure-fire sign of an improving real estate market is the fall of foreclosure activity, and luckily those trends are down throughout the nation for the eighth consecutive month, according to RealtyTrac’s newly released data …

Mortgage Loan Trading platform surpasses $1 billion in loans

Late last year the mortage trading platform Resitrader was introduced as a simple and effective way for secondary marketing professionals to manage mortgage trading. The platform bills itself as intuitive and easy to navigate and connect all aspects of…

Bank of America’s online loan navigator brings applicants out of the dark

Whether it’s for a phone call about a job offer, the doctor’s update on a medical condition or the news deciding the fate of your dream house, waiting is the most despised stage of any major life event. Bank of America’s latest approach to combine “hig…

DC foreclosure activity surging annually, report says

A sure-fire sign of an improving real estate market is the fall of foreclosure activity, and luckily those trends are down throughout the nation for the eighth consecutive month, according to RealtyTrac’s newly released data …

Do you really understand your client’s credit score?

First-time homebuyers look to agents to fill in knowledge gaps. Although you’ll likely be sending buyers to a lender, it’s good to understand and be able to explain the terms. Especially if they tell you a number or hand you a credit report and think they’re set. Chances are, most don’t know that consumer credit scores are not a measure of true homebuying power …

Daily market update: June 22, 2016

Mortgage rates plus all the latest real estate market news …

7 rules of falling mortgage rates

Any downtrend in rates brings temptations and pressures to both professionals and civilians. Hence, a series of rules cribbed from prior declines and adjusted to this one …

Foreclosures in Houston falling alongside the oil industry

A sure-fire sign of an improving real estate market is the fall of foreclosure activity, and luckily those trends are down throughout the nation for the eighth consecutive month, according to RealtyTrac’s newly released data …