Fannie Mae and Freddie Mac released the lending data Thursday in response to industry requests for numbers that will help the two biggest government-backed loan buyers navigate a transition to new credit scores.The downloadable figures, which span from April 2013 to March 2023, were designed to allow industry participants to consider how Vantagescore 4.0, one of two credit metrics the industry is moving to, compares to the traditional FICO metrics currently in use.”The disclosure of past credit scores for tens of millions of loans is a far-reaching”We are providing resources to help market participants prepare for this transition,” Federal Housing…
Author: Private Lending Agent
Kara Masterson When it comes to finding your dream home, working with a real estate agent can make all the difference. Real estate agents have the expertise and market knowledge to help you navigate the home buying process and find the perfect home for you and your family. In this blog post, we'll share 5 tips for using a real estate agent to find your dream home. Communicate your needs and preferencesThe first step in working with a real estate agent to find your dream home is to clearly communicate your needs and preferences. Tell your real estate agent the…
Author: Beyond Commercial This post originally appeared on Beyond Commercial and is republished with permission. Learn how to submit your blog on theBrokerList.Known worldwide for its vibrant tourism industry centered around theme parks and entertainment, Orlando offers lucrative opportunities for commercial real estate investment. Whether you're an experienced investor or a beginner looking for a new avenue, understanding the dynamics of the Orlando market is essential to making informed decisions.Why Invest in Orlando Commercial Real Estate?1. Economic Growth and Diversification: Orlando has evolved beyond its reputation as just a tourist destination. The city's economy is diversified, with important sectors such…
WASHINGTON (AP) — U.S. inflation fell for a third straight month in June, signaling that the worst price surge in four decades is steadily tapering off and that interest rate cuts by the Federal Reserve may be coming soon.The Labor Department's consumer price index released Thursday beat expectations, showing it was flat last month but fell 0.1% from May to June, the first monthly decline in inflation since May 2020, when the pandemic crippled the economy.Also, compared to a year ago, prices were up 3% in June, slower than the 3.3% annualized rate in May.The latest inflation reading will help…
Sustainable, Low-Maintenance Gardens: A Guide for Homeowners Given the growing awareness of eco-friendly lifestyles, it's time for homeowners to start practicing sustainability in their homes, especially outdoors. Creating a low-maintenance, sustainable garden requires careful consideration of each element of the garden. This includes landscaping, plant selection, soil care, watering and feeding, and general upkeep. For those new to gardening, our guide will help you create the perfect garden that suits your needs and is safe for the environment. What is a Green Landscape? The general need for landscaping is to improve the land to increase its functionality and make it…
Stephen Brasher/Getty Images Entertainment Online real estate brokerage Redfin (NASDAQ:RDFN) reported Thursday that U.S. home sales prices hit a new record high for the ninth consecutive week, even as rising mortgage rates continue to stifle homebuying demand. The median U.S. home sales price hit a record high of $397,482 for the four weeks ending July 7. This was up 4.7% from a year ago and the largest annual increase in the past four months. Note that RDFN's weekly housing market data goes back to 2015. Historically low inventory continues to be one of the primary drivers of rising home prices,…
Which are the best business loans in the UK for growing businesses? Use our comparison to find out how small business loans work and the best options for fast funding. From government business loans like Start Up Loans to backing from private banks, you can get help funding your business. But remember, a business loan may not always be the best option as it means taking on debt and interest charges. Make sure you research thoroughly – and weigh up alternative options – before taking one out. We’ve only compared a few of the business loans available. There are other…
If you're a baby boomer, you might not think that current mortgage rates are high — they were higher in the 1980s and '90s, after all. But if you're a younger generation who's experienced historically low mortgage rates during and before the pandemic, you probably wouldn't. Yes, a new normal is beginning, and some people might think it's fine, while others might think it's awful. “I think the new normal for mortgage rates will be around 6%,” Lawrence Yun, chief economist for the National Association of Realtors, said in an interview with CNBC yesterday. “The Fed has been very clear…
SALT LAKE CITY, Utah, July 11, 2024 (SEND2PRESS NEWSWIRE) — Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industry, announced today that Heidi Iverson, Vice President of Strategic Partnerships, has been named a Mortgage Star by Mortgage Women Magazine. Image caption: Heidi Iverson for MMI. “Leveraging data and strategic partnerships enables mortgage professionals to succeed, regardless of market conditions,” said Ben Tierlinck, founder and CEO of MMI. “Heidi's extensive industry experience, deep product expertise and recruitment background uniquely position her to guide our enterprise users to get the most…
Across England and Wales, just nine local authority districts will exceed £1 billion in commercial property sales in 2023, a significant drop from 25 the previous year and 24 in 2019. Since 2017, the total value of commercial transactions has halved (-49%) from £104 billion to just £53 billion in 2023, with transaction volumes similarly falling by more than a third (-34%). Only eight districts saw an increase in overall commercial transaction value year-on-year. According to property data provider Search Acumen, the growth trajectory continues to be held back by debt, interest rates and limited investment returns.Tough conditions in the…