San Francisco Bay Area home sales plummeted to the lowest of any month since February 2008 as average home prices soared into the millions. The extreme rise in home prices, however, is not a sign that the housing market is in a bubble and about to pop. Instead, this report explains what is to blame.
from Byrd Mix http://ift.tt/2oKmoC3 via byrd memphis developer
Back in February, DBRS predicted that the residential mortgage-backed security market could see a resurgence in 2017 thanks to rising interest rates, which both drive down refinances and make securitization a more financially appealing option. As it turns out, that’s exactly what’s happening.
from Byrd Mix http://ift.tt/2oOCsQ7 via byrd memphis developer
In metros across the U.S., many residents are struggling to keep make the income needed in order to live comfortably. As home prices on the West Coast remain well above the national average, it is not surprising that the area contains some of the most expensive metros. But living in one of the least expensive metro can still be a struggle.
from Byrd Mix http://ift.tt/2nQklbV via byrd memphis developer
Home equity conversion mortgages, more commonly known as reverse mortgages, are another avenue for homeowners to add to their financial assets and retirement plans, but there are requirements that need to be met.
from Byrd Mix http://ift.tt/2oJWcaA via byrd memphis developer
As homebuyers get ready to enter the spring home-buying market, a study from TransUnion shows Millennial homebuyers are holding off for two key reasons, and what first-time homebuyers can do to be better prepared for buying a home.
from Byrd Mix http://ift.tt/2oOjxVD via byrd memphis developer
The Department of Justice made headlines in March when it revealed that it switched sides in the landmark battle between the Consumer Financial Protection Bureau and PHH. While it now aligns with PHH, it doesn’t completely agree with the company’s position. As a result, it requested time in the oral arguments to give its unique stance.
from Byrd Mix http://ift.tt/2o7uqnr via byrd memphis developer
Last year, the Federal Trade Commission and the National Association of Realtors warned consumers they could be the next victims of growing trend of mortgage closing cost phishing schemes. But, according to the American Land Title Association, that warning was not enough to fully prevent future schemes from being successful and consumers are still falling victim to the phishing scams.
from Byrd Mix http://ift.tt/2oeiZe0 via byrd memphis developer
