Author Archive

Return Buyers Prefer Safe, Affordable Financing

The share of homes purchased by return buyers or “boomerang” buyers, those who formerly short sold a home or were foreclosed on, increased significantly in recent years.  NAR Research estimates that 8% or nearly 350,000 home sales were to...

Foot Traffic Points to Summer Strength

Foot traffic is a strong indicator of the demand for housing and is a leading indicator of home sales.  Every month, NAR publishes data on foot traffic as measured by the number of times SentriLock lock boxes are opened. ...

Will Setting Clear Rules Help Expand Credit?

When lenders originate a loan, they often sell these loans to investors rather than holding the loans in their portfolios.  These investors set requirements for the loans they will buy and if those requirements are not met, they may...

New Closing Docs – A Problem this Summer?

REALTORS ® are familiar with the many documents that consumers see at closing.  In an effort to streamline the documentation and to provide important consumer protections, the Consumer Financial Protection Bureau will require lenders to implement new closing documents...

A Looming Renaissance in Special Financing?

Most REALTORS® are not familiar with the nuances of mortgage regulation … they are busy brokering real estate deals.  However, many noticed that it became more difficult to find funding for special clients two to three years ago.  The...