Alamo Title Company

News


Refi surge is mostly good for mortgage business earnings so far
...Services, reporting results for the first time since its proposed acquisition by Fidelity National Financial collapsed, had net income of $66.1 million for the third quarter, up from $17.6 million......

NAR Issues Warning Over REALTORS® Conference Email Scam
...it is from altappraisal@comcast.net, but displays as if it was from NAR. If you receive the email, NAR encourages you to take a screenshot of it and file a report about it to the FBI IC3 website......

Homeowners Are Feeling ‘House Rich, Cash Poor’
...five feel that way so often,” says Jeffrey Glass, CEO of Hometap. “Mortgage rates are at historic lows, which is encouraging more people to buy, but despite 45 million homeowners with excess......

September 2019 Existing-Home Sales
NAR released a summary of existing-home sales data showing that housing market activity this September fell 2.2% from August 2019. September’s sales of existing homes increased 3.9% from......

Mortgage applications decrease in unstable week for rates
...this past week resulted in a decline in both refinance and purchase mortgage applications compared with the previous period, according to the Mortgage Bankers Association. The MBA's Weekly......

DOJ Voices Rare Opinion In Civil Case Against Realtor Group
...brokerages, including RE/MAX and Keller Williams, are also named in the suits. NAR moved to dismiss the cases back in May, stating that they misrepresent NAR’s rules, “which have long been recognized......

Big jump in Dayton homes sold despite tight market
...in the Dayton, Ohio, area last month jumped significantly in a tight housing market. About 1,425 homes were sold in September, a 7.5% increase from the same month in 2018. Meanwhile the median......

Mortgage Applications Decrease in Latest MBA Weekly Survey Oct 23, 2019
) -  Mortgage applications decreased 11.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending......

Refinance rates rise for Wednesday
...Trend Index. Want to see where rates are right now? See local mortgage rates. Average mortgage rates Last week Last updated October 22, 2019. Methodology: The rates you see above are......

New Mexico home sales drop from 2018, but Santa Fe remains strong
Home sales statewide in September kept New Mexico on track for its second-best year — behind 2018 — since the New Mexico Association of Realtors started keeping sales records in 2008......

Two Important Lessons Learned From Spending $70 Million On Marketing
...leads and revenue. This includes cutbacks. I learned this in 2008. The housing market crashed, and I lost virtually all of my mortgage clients, who made up 46% of my entire client base. I was......

Some apps give discounts and let you skip the line. But is that really fair?
...S. households in 2017 didn't have bank accounts, according to the FDIC. Communities of color are particularly affected. Among African-American households, 16.9% were unbanked in 2017, the most......

Mortgage rates up for Wednesday
Several benchmark mortgage rates climbed today. The average rates on 30-year fixed and 15-year fixed mortgages both were higher. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the......

Tax Laws, Mortgage Rates Fueling Strong Home Sales Market in Miami
Statewide closed sales of existing single-family homes totaled 23,510 last month, an increase of 11.5% from......

Disruption Day: An Approach to Transforming Housing Finance
...paperwork. External factors include affordability and supply issues, millennials dominating the first-time home buyer segment and driving the need for a high-tech AND high-touch operating model......

Dip in Existing-Home Sales Signals ‘Unbalanced’ Market
...search. IE users, please download Firefox , Chrome , or Edge . October 22, 2019 Home sales remain stubbornly low in the face of ongoing inventory shortages and high......

FHFA's Calabria is open to wiping out Fannie, Freddie shareholders
...Fannie and Freddie, the administration plan would likely “create turmoil in the housing market, prevent many Americans from obtaining 30-year fixed rate mortgages and block families across the......

Mortgage groups back change to FDIC disclosure requirement for RMBS
...have an exemption under the SEC's rules, but not under the FDIC's. This imposes a disclosure requirement on depositories that nonbanks don't have. The Federal Deposit Insurance Corp.'s......

With commission-free trading nearly everywhere, here’s what investors should demand now
...deposited in a safe money market fund. “If the broker does an FDIC sweep, what rate will I be getting on that?” Raio asks. Robinhood , a broker long-known for its zero commissions, is rolling......

Senior Housing Construction Safe Bet for Lenders
...benefits to the Boomer renter demographic. Another growing segment of the senior housing market intersects with the health care and hospitality markets: senior care communities. These range......

Industry Leader Endorses NAR’s Blueprint for Housing Finance Reform
...one of only two viable options remaining in the debate. In February, NAR announced its vision for housing finance reform , proposing to transition Fannie Mae and Freddie Mac from their current......

Compass Offers Loan to ‘Bridge’ Transaction Gaps for Sellers
...of the homeowner and bringing a new group of buyers to the housing market.” Real estate brokerages and a growing crop of iBuying firms  have been addressing this often contentious point in......

Are Builders Ignoring Single-Person Households?
...or 29% of adults, in 1970. Married couples have traditionally dominated the housing market. They accounted for 63% of recent buyers, according to the National Association of REALTORS®’ 2018......

Yun Blames ‘Unbalanced’ Market for Dive in Home Sales
...search. IE users, please download Firefox , Chrome , or Edge . October 22, 2019 Home sales remain stubbornly low in the face of ongoing inventory shortages and high......

Real estate technology firm addresses bridge lending demand
...of the homeowner and bringing a new group of buyers to the housing market." Bridge loan programs could be gaining momentum in both the residential and commercial markets. LoanDepot and OfferPad......