The mortgage industry is going digital and Fannie Mae is following suit. In a new move, the GSE announced it named eOriginal as an eMortgage technology solution provider, in an effort to bring greater transparency to the mortgage process.
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According to a recent blog from REthink, Millennials focus heavily on social media, especially when it comes to real estate. The blog, called “an open letter from Millennials to the real estate industry,” focused on how to better connect with this generation.
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Ceding to pressure from activist investors, American International Group plans to take its mortgage insurer, United Guaranty, public later this year. AIG cites several reasons why the United Guaranty is poised to succeed in the future, including the “improving fundamentals of the housing market,” “favorable long-term demographic drivers,” and “higher credit quality of new mortgage originations.”
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Mason-McDuffie Mortgage created a GoFundMe account at the beginning of February after it heard of two San Francisco Bay Area nuns who were being threatened with eviction from the residence they use to feed the homeless due to a rent increase. They couldn’t have imagined the amount of support they would get, including help from one famous donor.
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RealtyTrac released a new study that includes helpful interactive tables portraying the best markets to rent to Millennials. Investors may want to check out these areas when deciding where to buy next.
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March is projected to bring positive news after February’s drop in existing-home sales. While the predictions show improvement for March, Tex-X claims the market still has a long way to go to catch up.
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Inventory and affordability challenges will not prevent 2016 from having the best housing market since 2006, according to a forecast by Freddie Mac. While interest rates will remain low, housing starts, home prices and mortgage originations are all set to increase.
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