Wells Fargo loosens jumbo lending requirements for current customers

Date: 9 Jul 2020 / Posted By: admin

Wells Fargo loosens jumbo lending requirements for current customers Wells Fargo announced updates to its non-conforming refinance products at the beginning of July. While the updates loosen the jumbo requirements for current customers, the new standard for customers without a Wells Fargo relations

Wells Fargo names Kristy Fercho as head of Home Lending

Date: 9 Jul 2020 / Posted By: admin

Wells Fargo names Kristy Fercho as head of Home Lending Wells Fargo has announced Kristy Fercho will join the company as the new head of Wells Fargo Home Lending, beginning in August. Kristy Fercho Fercho will replace Michael DeVito, who said he plans to retire this summer after spending 23 y

California, Oregon and South Carolina continue to require in-person notarizations

Date: 9 Jul 2020 / Posted By: admin

California, Oregon and South Carolina continue to require in-person notarizations In an effort to combat the economic toll of COVID-19, a wave of varying permanent and temporary legislation for remote online notarizations continues to sweep across the country. While the SECURE Notarization Act

[PULSE] Irrefutable principles of high-performance mortgage and real estate practices

Date: 9 Jul 2020 / Posted By: admin

[PULSE] Irrefutable principles of high-performance mortgage and real estate practices Note: This is part one of a five-part series. Over the next five weeks, Todd Duncan, sales entrepreneur and New York Times best-selling author, will showcase five principles for mortgage and real estate professio

New York City apartment vacancy rates reach record highs

Date: 9 Jul 2020 / Posted By: admin

New York City apartment vacancy rates reach record highs Apartment vacancies have reached record-high levels as more people want to migrate to rural areas and larger living spaces. According to a new report from Douglas Elliman, Manhattan, New York, has now reached its highest vacancy rate in ne

From Caribbean Roots and a Random Convo With Warren Buffet to a Career in the Title Industry

Date: 9 Jul 2020 / Posted By: admin

From Caribbean Roots and a Random Convo With Warren Buffet to a Career in the Title Industry Member Profile: Deborah S. BaileyAttorney - Managing Member | Bailey Helms Legal LLC   How long have you been in the title industry and how did you get started in this profession? I entered the title in

Gentrification comes from lack of housing supply, Urban Institute says

Date: 8 Jul 2020 / Posted By: admin

Gentrification comes from lack of housing supply, Urban Institute says A recent study from the Urban Institute reveals that higher housing costs as a result of the shortage of housing inventory is leading affluent buyers to seek out low- or moderate-income neighborhoods. This creates gentrified

Forbearance rate declines after June’s economic improvements, but will it hold?

Date: 8 Jul 2020 / Posted By: admin

Forbearance rate declines after June’s economic improvements, but will it hold? The U.S. mortgage forbearance rate fell to 8.39% in the last week of June, down from 8.47% a week earlier, as businesses reopened and the jobs market improved, according to a report on Tuesday from the Mortgage Banker

5 things mortgage pros must know about Quicken Loans’ Rocket Companies IPO

Date: 8 Jul 2020 / Posted By: admin

5 things mortgage pros must know about Quicken Loans’ Rocket Companies IPO This week a Quicken Loans SEC filing confirmed the company will IPO with Rocket branding, as I predicted in HousingWire last month. Below, I explain why this is important, what it means for consumers and key things all mor

Housing Tech Rundown: Notarize, Optimal Blue and TowerHouse

Date: 8 Jul 2020 / Posted By: admin

Housing Tech Rundown: Notarize, Optimal Blue and TowerHouse Notarize on Wednesday announced its partnership with Title365, a division of Xome, that will allow the companies to offer hybrid and fully digital residential real estate closings. As part of the collaboration, Title365 will collect, organ