Archive for 'Boston Condos'

What We’re Reading: July 30-August 3

Posted 18 August 2018 | By | Categories: Boston Condos | No Comments

“Blood Moon”, jobs and dating apps, Game of Thrones, the importance of reading, the Bank of Mom and Dad and emotional ties to your house. We couldn’t see the “Blood Moon” from the U.S., but a German astronaut on the International Space Station got some great pictures. Would you market your job on a dating app? Fancy living in a castle?  This one from “Game of Thrones” might be the home for you. Sandra/flickr/2013 Do you have time to read 5 hours a week?  Bill Gates does. Speaking of books, these are beautiful libraries. Affording a home in California, courtesy of Mom and Dad. Getting emotional about selling the family home. How does America use its land?  The United States Department of Agriculture provides informative maps. http://feedproxy.google.com/~r/InfocentralBlog/~3/YMjGtUqTqP8/Read More

What We’re Reading: August 6-August 10

Posted 18 August 2018 | By | Categories: Boston Condos | No Comments

A horse and buggy, solar roof tiles, secrets of the supermarket and getting rid of ums and ahs. Open plan offices are falling out of favor.  Will the same happen to open concept homes? What leadership lessons can we learn from the Thai cave rescue? A horse-powered Uber (kind of)! Martin Abegglen/flickr/2010 Will Tesla’s solar roof tiles production issues ever be fixed?  Investors are rattled. HGTV is the new owner of the “Brady Bunch” house.  We can hardy wait for the restoration reveal. Speaking of sitcoms, we mourn the passing of Mrs. Garrett. Find out why the supermarket cookie aisle is so tempting. How can the “Dutch Reach” save bikers’ lives? Learn how to clean up your vocabulary and sound more professional. Fun ways to store your books.  The TARDIS wins. http://feedproxy.google.com/~r/InfocentralBlog/~3/rxjxabUa-Qs/Read More

What We’re Reading: August 13-17

Posted 18 August 2018 | By | Categories: Boston Condos | No Comments

Steve Martin, better meetings, a new Girl Scout cookie, a solution for open offices and making schools safer for students and staff. Making meetings more effective.  We all need that! More than 8 million square feet of shopping space–what else will the new Dubai Square mall contain? Floor to ceiling windows can make schools safer, along with making the administrative offices more visible and creating central meeting hubs for increased student interaction. Joella Marano/flickr/2011 Fun fact–Steve Martin’s dad was President of the Newport Beach Association of REALTORS®. The complex story of a house with a clouded history. Installing Echo Dots to help Saint Louis University students. Hate your open office?  Try a room from ROOM. Get tips for securing your smart home here. Mmmm–a new Girl Scout cookie! http://feedproxy.google.com/~r/InfocentralBlog/~3/ued2rsFyDFI/Read More

[LISTEN] Regtech Report, Episode 1: How do you define regtech?

Posted 17 August 2018 | By | Categories: Boston Condos | No Comments

While regtech is a relatively new concept in the mortgage industry, it has already gained a great deal of traction in other parts of banking and financial services. Craig Focardi, a senior banking analyst at Celent, talks with HousingWire about what makes regtech different from mortgage tech and how you shouldn’t be afraid to make the leap into adopting new technologies. https://www.housingwire.com/articles/46469-listen-regtech-report-episode-1-how-do-you-define-regtechRead More

U.S. Bank to promote Jodi Richard to vice chairman

Posted 17 August 2018 | By | Categories: Boston Condos | No Comments

U.S. Bank recently announced it will promote Jodi Richard to vice chairman and chief risk officer, following current Vice Chairman Bill Parker’s plans to retire in the upcoming months. Richard is expected to transition into the new position by early October. https://www.housingwire.com/articles/46471-us-bank-to-promote-jodi-richard-to-vice-chairmanRead More

HECM professionals to gather in Texas for Reverse Mortgage Day

Posted 17 August 2018 | By | Categories: Boston Condos | No Comments

As the reverse mortgage industry navigates a market in distress, HECM professionals will gather at the 19th annual Reverse Mortgage Day. Set in Austin next month, this year’s event will address issues affecting the industry and explore ways originators can succeed in this challenging climate. https://www.housingwire.com/articles/46470-hecm-professionals-to-gather-in-texas-for-reverse-mortgage-dayRead More

Atlantic Bay Mortgage Group, Virginia Community Bank abandon merger plans

Posted 17 August 2018 | By | Categories: Boston Condos | No Comments

After more than a year of working through the regulatory and financial hurdles, Atlantic Bay Mortgage Group and Virginia Community Bank announced this week that they are abandoning their plan to merge. The companies said this week that the timeframe to complete the merger “remains unclear,” so it’s in the best interest of each company to move forward separately. https://www.housingwire.com/articles/46472-atlantic-bay-mortgage-group-virginia-community-bank-abandon-merger-plansRead More

Black Knight launches new intelligence platform

Posted 17 August 2018 | By | Categories: Boston Condos | No Comments

Black Knight announced Wednesday its new LoanSphere Actionable Intelligence Platform, which will utilize the company’s data and technology solutions to provide lenders with actionable intelligence. https://www.housingwire.com/articles/46477-black-knight-launches-new-intelligence-platformRead More

What happens when you take a reverse mortgage, but your spouse does not?

Posted 17 August 2018 | By | Categories: Boston Condos | No Comments

Issues with non-borrowing spouses have been a sore spot for the HECM program over the years. But while HUD has taken positive steps to curtail the problem, confusion about the rights of these spouses persists, meaning originators need to handle them with extra care. https://www.housingwire.com/articles/46474-what-happens-when-you-take-a-reverse-mortgage-but-your-spouse-does-notRead More

Quicken Loans accuses United Wholesale Mortgage of waging smear campaign in battle for borrowers

Posted 17 August 2018 | By | Categories: Boston Condos | No Comments

In a recent exchange of emails with HousingWire, Quicken Loans defended its business practices, saying more than 25 C2 Financial LOs were left upset and confused by the latest development, while also accusing AIME members of trying to undermine its operations, namely United Wholesale Mortgage. Read through and judge for yourself. https://www.housingwire.com/articles/46479-quicken-loans-accuses-united-shore-mortgage-of-waging-smear-campaign-in-battle-for-borrowersRead More

Fannie Mae rolling out new process to streamline mortgage insurance claims

Posted 17 August 2018 | By | Categories: Boston Condos | No Comments

The process of filing a mortgage insurance claim is about to get a lot easier thanks to with Fannie Mae, as the government-sponsored enterprise announced Wednesday that it is rolling out a new “streamlined” MI claims procedure with help from several of the largest MI providers. https://www.housingwire.com/articles/46478-fannie-mae-rolling-out-new-process-to-streamline-mortgage-insurance-claimsRead More

Senate Banking Committee announces new date for CFPB director vote

Posted 17 August 2018 | By | Categories: Boston Condos | No Comments

After initially postponing its vote on the future director of the Consumer Financial Protection Bureau, the Senate Committee on Banking, Housing and Urban Affairs announced it has rescheduled the vote. https://www.housingwire.com/articles/46484-senate-banking-committee-announces-new-date-for-cfpb-director-voteRead More

Housing starts ticked up in July

Posted 17 August 2018 | By | Categories: Boston Condos | No Comments

Housing starts slightly increased a bit in July, according to the latest report from the U.S. Census Bureau. PPricewaterhouseCoopers Principal Scott Volling said that homebuilders are being affected by a slight increase in inventory. https://www.housingwire.com/articles/46483-housing-starts-ticked-up-in-julyRead More

Freddie Mac: Mortgage rates decrease slightly but there's no relief in sight

Posted 17 August 2018 | By | Categories: Boston Condos | No Comments

Mortgage rates decreased by just a few basis points, but remain above 4.5%, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said it’s clear that in some markets the combination of ascending home prices, limited affordable inventory and this year’s higher rates are curtailing homebuyer demand. https://www.housingwire.com/articles/46481-freddie-mac-mortgage-rates-decrease-slightly-but-theres-no-relief-in-sightRead More

Building a MarTech stack for the digital transformation era

Posted 17 August 2018 | By | Categories: Boston Condos | No Comments

The mortgage industry is racing to catch up to consumer expectations around online commerce – and marketing technology is taking center stage. But at the core, loan officers don’t actually want technology; they want what technology – your marketing tech stack – can do for them. https://www.housingwire.com/blogs/1-rewired/post/46485-building-a-martech-stack-for-the-digital-transformation-eraRead More

Angel Oak continues growth by expanding Angel Oak Home Loans into Louisiana

Posted 16 August 2018 | By | Categories: Boston Condos | No Comments

Angel Oak Companies, an investment management firm that focuses on mortgage credit and made its name providing residential mortgages that don’t fit into the Qualified Mortgage box, has grown its business significantly over the last few months. And now, the company is about to grow again. https://www.housingwire.com/articles/46457-angel-oak-continues-growth-by-expanding-angel-oak-home-loans-into-louisianaRead More

RBS to pay $4.9 billion in DOJ settlement over mortgage bond misconduct

Posted 16 August 2018 | By | Categories: Boston Condos | No Comments

The Royal Bank of Scotland will pay nearly $5 billion in a settlement with the Department of Justice over claims that RBS misled investors in the underwriting and issuing of residential mortgage-backed securities from 2005 through 2008. https://www.housingwire.com/articles/46461-rbs-to-pay-49-billion-in-doj-settlement-over-mortgage-bond-misconductRead More

First-time homebuyers dominate mortgage market

Posted 16 August 2018 | By | Categories: Boston Condos | No Comments

First-time homebuyers may be facing rising affordability issues, but they are still outpacing the share of repeat buyers in the housing market. This is nothing new, as first-time homebuyers have dominated the mortgage market for the past 10 years, but the latest data from the Urban Institute shows that gap actually continues to grow. https://www.housingwire.com/articles/46459-first-time-homebuyers-dominate-mortgage-marketRead More

WSJ: Top risk exec to leave Wells Fargo

Posted 16 August 2018 | By | Categories: Boston Condos | No Comments

According to reporting from the Wall Street Journal, Wells Fargo’s Chief Operational Risk Officer Mark D’Arcy is leaving Wells to “pursue opportunities outside of the company.” He will be succeeded by Mark Weintraub, the bank’s head of audit for consumer banking. https://www.housingwire.com/articles/46458-wsj-top-risk-exec-to-leave-wells-fargoRead More

MBA: Mortgage applications continue to plummet

Posted 16 August 2018 | By | Categories: Boston Condos | No Comments

Mortgage applications have been dropping for the past several weeks, and this one was no exception. But while refinance apps remained unchanged, the MBA reported purchase applications sank this week. https://www.housingwire.com/articles/46466-mba-mortgage-applications-continue-to-plummetRead More

Follow the money: Inside an emerging trend that could bring relief to home prices

Posted 16 August 2018 | By | Categories: Boston Condos | No Comments

Home prices have been appreciating rapidly as the housing shortage and other economic factors keep upward pressure on the median price point in the U.S. The trend looks nigh invincible as a strong economy and rising interest rates cement it into place. But, what if there was a developing trend that could ease that pressure? https://www.housingwire.com/articles/46465-follow-the-money-inside-an-emerging-trend-that-could-bring-relief-to-home-pricesRead More

One in four homes are now equity rich

Posted 16 August 2018 | By | Categories: Boston Condos | No Comments

Nearly a quarter of U.S. properties with mortgages are equity rich, according to a recent report from ATTOM Data Solutions. The Western region led the charge with the highest percentage of equity-rich properties, as four out of the top five metros with the highest percentages were in California. https://www.housingwire.com/articles/46464-one-in-four-homes-are-now-equity-richRead More

Homebuilder confidence remains steady in August

Posted 16 August 2018 | By | Categories: Boston Condos | No Comments

Concerns about market affordability contributed to homebuilder confidence falling one point to 67 in August, according to the National Association of Home Builders/Wells Fargo Housing Market Index. NAHB Chief Economist Robert Dietz said builders are monitoring how tariffs and the impending trade war are affecting key building material prices, including lumber. https://www.housingwire.com/articles/46467-homebuilder-confidence-remains-steady-in-augustRead More

Multifamily investment showing signs of slowing

Posted 16 August 2018 | By | Categories: Boston Condos | No Comments

Multifamily investment could be showing signs of slowing down heading into the back half of the year, as investors ease up on their appetite for garden-style properties, according to research from CBRE and Real Capital Analytics. https://www.housingwire.com/articles/46456-multifamily-investment-showing-signs-of-slowingRead More

LIBOR pushes ARM rates higher, borrowers brace for impact

Posted 15 August 2018 | By | Categories: Boston Condos | No Comments

As home prices rise and interest rates increase, potential home buyers are not the only ones affected by the affordability changes. Homeowners who previously bought their home using an adjustable-rate mortgage are now seeing an increase in their monthly mortgage and interest payments, with more increases yet to come. https://www.housingwire.com/articles/46449-libor-pushes-arm-rates-higher-borrowers-brace-for-impactRead More