Mortgage brokers across the country who have been wanting some recognition for their hard work can rejoice. The Association of Independent Mortgage Experts (AIME) has announced that they have created a new national holiday to celebrate the work that mortgage brokers do. Just as we celebrate teachers on National Teacher Day, we will now be… Read more »
As AI technologies become more and more powerful, they are beginning to find use in the mortgage industry. The mortgage process was once seen as a negative customer experience because it was so time-consuming and there were many opportunities for error. Technological innovation has allowed this process to turn automated, and today there is even more… Read more »
Last month, homes in the U.S. housing market sold at the fastest rate on record, according to Redfin, which first began tracking this data in 2010. The typical home in May was under a sales contract in just 34 days, two days fewer than in April. April had been the record-breaking month until May figures… Read more »
It’s National Homeownership Month, and at Champion Title, we’re proud to be part of the industry that makes homeownership a reality for so many Americans. “Homeownership serves as an enduring symbol of security and prosperity, and it provides many Americans with a legacy they can pass down to their children and grandchildren,” said HUD Secretary… Read more »
Low home inventory continues to drive up prices in the real estate market this spring. The median home listing price in March reached $280,000, a 2% increase since February and an 8% year-over-year increase, according to the latest figures from realtor.com. “Never in history have more eyes been on fewer homes,” stated realtor.com’s director of… Read more »
Not all housing markets are equal. While the majority of markets across the country are strong, some are a lot more competitive than others. That also means some markets are a lot more affordable than others, but that’s based on more than just home prices alone. A new report from NerdWallet reveals the most and… Read more »
More millennials are buying homes. But that’s not all. According to a new survey, the majority of millennials also believe that homeownership is part of the American Dream. A report from Trulia said that 73% of millennials – the generation of young people who are now between the ages of 18-34 – said they believe… Read more »
Ellie Mae recently announced that it has acquired Velocify, a cloud-based intelligent sales automation system, so that it can more quickly deliver a true digital mortgage solution to lenders of all sizes. Digital mortgages are reportedly a high priority for consumers who want faster mortgage application processing. A recent survey by Ellie Mae, for example,… Read more »
There’s been a lot of attention paid to higher home prices this year. However, home prices aren’t all that are up. Typical mortgage payments are up by 11% over last year because of higher mortgage rates, according to a new article by CoreLogic.The typical mortgage payment is expected to rise another 13% in the coming… Read more »