Daily Dose

Ron Vaimberg, President of Ron Vaimberg International, speaks about the keys to origination success in today’s challenging economic environment.

According to a new report from Zillow, renters of color are more likely to pay higher upfront costs when applying for a rental compared to white renters, while Black and Latinx renters were nearly twice as likely to submit multiple rental applications before securing a lease.

Even as mortgage rates edge closer to the 6% mark, homebuyers nationwide are faced with the prospect of low inventory, with new listings having fallen 21.8% year-over-year nationwide.

A new study from Realtor.com revealed LGBTQ+ and BIPOC are more likely to put smaller down payments on a home and spend more of their income on homeownership.

“The spring season is typically the busiest time of the year for the housing market,” said Mark Fleming, Chief Economist at First American.

Continued low mortgage rates have not equated into a strong start to the spring homebuying season, as the MBA reports a decline in overall application volume after four consecutive weeks of increases.

loanDepot announced it has entered into a settlement and cooperation agreement with Anthony Hsieh, declaring the size of the Board of Directors to be temporarily increased from eight to nine directors.

While streamlining operations and automation remain the top priorities for lenders, Scott D. Kriss, Esq. discusses the opportunities to be found within their service networks.

A new study from LendingTree revealed which metros fork out the lowest and highest amount of real estate taxes nationwide, considering factors such as the home’s worth and location.

“The divergence in home price changes across the U.S. reflects a tale of two housing markets,” said Selma Hepp, Chief Economist at CoreLogic.