Yesterday (June 28), the CFPB Consumer Financial Protection Bureau released new forbearance exit rules for servicers. The rules run to more than 200 pages and can have very technical compliance requirements. According to the final rule, servicers can initiate a foreclosure action only after certain events. A borrower submitting a loss mitigation application must be eligible. The borrower cannot break […]
Home buyers aren’t just competing with each other for homes. Buyer competition comes from Wall Street and public investment groups. These groups have been funneling cash to purchase homes to rent out. At least one projection expects these groups to pour $40 billion into buying homes to rent over the next 18 months. Say the average home price is now […]
Nearly 3 months ago, we provided discussion of a likely advantageous purchase window which addressed home prices, home availability, the mortgage market and the factors driving home prices. As additional support for moderation in the home price increases, April has reinforced the materials price factors raising prices for home builders and either hurting builders’ profits or pushing new home prices […]
So you thought you were looking at all the houses available in your price range and where you want to buy? Pocket listings by real estate agents prove you wrong. These have been around for years. Also called whisper listings today, this unethical practice persists among many real estate agents. Buyers frequently speak to many real estate agents and provide […]