Sat.Apr 24, 2021 - Fri.Apr 30, 2021

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Compass acquisition could worry some California agents

Housing Wire

Suspicious real estate agents and rival brokerage heads in California will worry that the deal could funnel general information about California home sales to Compass thanks to a recent partnership Glide announced with the California Association of Realtors. Unclear is whether the California MLS may renege its relationship with Glide.

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Mortgage rates rise, but remain under 3%

Housing Wire

The latest S&P CoreLogic Case-Shiller Home Price Index report showed a 12% annual gain in February, up from 11.2% With mortgage rates continuing to hover nearly 30 basis points lower than they were a year ago, competition is getting fiercer than ever. in January and the ninth straight month of increasing prices.

Mortgages 479
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Housing starts are rising, despite cost to buyers

Housing Wire

Although housing starts are rising, lumber prices have skyrocketed in the past 12 months, causing the average price of a new single-family home to increase by $35,872, according to the National Association of Home Builders. ” However, the U.S. In Fresno, California, just 2.4%

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Fannie and Freddie continued to pump originations in Q1

Housing Wire

After a record year of mortgage originations, the GSEs released their Q1 earnings for the year on Thursday and Friday, revealing that Fannie Mae and Freddie Mac are still riding the tail end of the market’s highs. Fannie’s mortgage purchase originations are forecasted to increase by about 15% to $1.9

Mortgages 421
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Title tech company Cloudstar names new president

Housing Wire

It’s the third major personnel move by Cloudstar this year, which named Nancy Allen as director of title services back in January and Roland DuBeau as president of MortgagePhish , a subsidiary of Cloudstar, in March. Cloudstar is part of the American Land Tile Association (ALTA) and the ALTA technology committee.

Title 370
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As exits slow, forbearance trickles down to 4.49%

Housing Wire

The total number of servicers’ loans in forbearance has dropped for two months , however, forbearance portfolio volume fell just one basis point last week to an average of 4.49%, according to the Mortgage Bankers Association. Of the cumulative forbearance exits for the period from June 1, 2020, through April 18, 2021, 25.4%

Loans 370
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White House aware of issues over investment properties

Housing Wire

The federal government is well aware that mortgage lenders and industry stakeholders are frustrated by the 7% cap on second homes and investment properties that was implemented as part of a broader series of amendments to Fannie Mae and Freddie Mac ‘s Preferred Stock Purchase Agreements.