No-income, no-asset mortgages are back (at one lender, at least)

Date: 16 Apr 2019 / Posted By: admin

No-income, no-asset mortgages are back (at one lender, at least) Back in the Wild, Wild West era of mortgage lending before the housing crisis, NINJA loans (loans given to borrowers with no income, no job, and no assets required) became quite the rage. NINJA loans have disappeared from the market,

Tim Gillis joins ServiceLink as VP of capital market sales

Date: 15 Apr 2019 / Posted By: admin

Tim Gillis joins ServiceLink as VP of capital market sales ServiceLink announced it has brought on Tim Gillis to serve as the company's new vice president of capital market sales. "We're thrilled to have Tim on our team. His extensive contacts and knowledge within the Capital Markets and Single-Fam

Zillow begins buying and selling homes in Dallas

Date: 15 Apr 2019 / Posted By: admin

Zillow begins buying and selling homes in Dallas Homeowners in the Dallas/Fort Worth area can now bypass the traditional real estate process and sell their house directly to Zillow, as the online real estate giant announced Monday that it is expanding its direct buying program to DFW. Source: http

Bloomberg: This is how the West Coast is benefiting from the housing market slowdown

Date: 15 Apr 2019 / Posted By: admin

Bloomberg: This is how the West Coast is benefiting from the housing market slowdown This year’s spring homebuying season has shifted towards the favor of homebuyers, heating up the nation’s tightest housing markets. In fact, according to a recent article from Bloomberg, inventory in previously

Churchill Mortgage names Tim Broadhurst SVP of loan officer development

Date: 15 Apr 2019 / Posted By: admin

Churchill Mortgage names Tim Broadhurst SVP of loan officer development Churchill Mortgage has hired Tim Broadhurst as SVP of loan officer development. Broadhurst, who is also a senior home loan specialist with the company, has more than 25 years of experience in loan officer training and developme

David Stevens abruptly resigns from Radian's board of directors

Date: 15 Apr 2019 / Posted By: admin

David Stevens abruptly resigns from Radian's board of directors Just last month Radian announced that David Stevens, the former head of the Federal Housing Administration and the Mortgage Bankers Association, would be joining its board of directors. But now, just three weeks later, Stevens is

Lender margins on reverse mortgages are finally making a comeback

Date: 12 Apr 2019 / Posted By: admin

Lender margins on reverse mortgages are finally making a comeback Margins on adjustable-rate reverse mortgages have continued to inch higher after a nine-month descent that began last March, suggesting that perhaps the industry is beginning to recover after a rough year and a half. According to Bas

Former House Financial Services Committee Chairman Jeb Hensarling lands at UBS

Date: 12 Apr 2019 / Posted By: admin

Former House Financial Services Committee Chairman Jeb Hensarling lands at UBS Jeb Hensarling, who previously held one of the most powerful positions on Capitol Hill as chairman of the House committee that oversees the financial services industry and spent years advocating for the deregulation of s

Here's what you need to know about first-time homebuyers

Date: 12 Apr 2019 / Posted By: admin

Here's what you need to know about first-time homebuyers Earlier this week, we established that first-time homebuyers are not, in fact, being shut out of the housing market as some had feared, thanks to a recent study by the Federal Reserve Bank of New York. Now, a second part of that study ai

Redfin: San Francisco’s IPO wealth likely to drive home price growth

Date: 12 Apr 2019 / Posted By: admin

Redfin: San Francisco’s IPO wealth likely to drive home price growth Although home price appreciation has slowed across the country, new data from Redfin suggests San Francisco’s housing market is likely to reverse course. According to the company’s analysis, this rebound will be driven prima