New homebuyers must make an average annual salary of $115,000 to afford the average U.S. home, according to recent studies from Redfin. That’s about $40,000 more than the typical American household earns.
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Allison most recently served as southeast division vice president at New American Funding.
The post Kelly Allison joins Academy Mortgage appeared first on Atlanta Agent Magazine.
The mortgage industry decried the proposed loan-level pricing adjustment for borrowers with higher debt-to-income ratios.
The post FHFA rescinds “unworkable” fee ahead of implementation appeared first on Atlanta Agent Magazine.
The firm, Ardent Loans LLC, offers a variety of residential mortgage options.
The post New mortgage broker sets up shop in Alpharetta appeared first on Atlanta Agent Magazine.
The former Keller Williams lending unit will operate alongside Mutual of Omaha Mortgage’s existing mortgage divisions.
The post Mutual of Omaha Mortgage acquires Keller Mortgage appeared first on Atlanta Agent Magazine.
May might go down as a turning point in the red-hot real estate market that’s scorched buyers for the past two years.
The post The Housing Market Just Hit a Turning Point That Could Change the Homebuying Game appeared first on Real Estate News & Insights | realtor.com®.
More homebuyers are applying for adjustable-rate mortgages, a key driver of the Great Recession. Is this a sign of the next housing crash?
The post Up in ARMs: As Home Prices Grow, Risky Adjustable-Rate Mortgages Are Making a Comeback appeared first on Real Estate News & Insights | realtor.com®.
Real estate experts argue over whether rising mortgage rates will keep home prices in check—or make it more expensive to purchase a home.
The post Will Rising Mortgage Rates Make Homebuying More Expensive—or Less? appeared first on Real Estate News & Insights | realtor.com®.
“This will be the first time a home lender will provide an end-to-end ‘mortgage-as-a-service’ solution through Salesforce Financial Services Cloud — a platform that thousands of financial institutions already heavily rely on.” — Rocket Cos. Vice Chairman and CEO Jay Farner
The post Rocket Mortgage, Salesforce team up for loan originations appeared first on Atlanta Agent Magazine.
A new bill in Congress could help first-time homebuyers by providing a low-interest, 20-year mortgage. But would it work in today’s competitive market?
The post Could 20-Year, Low-Interest Mortgages Help First-Time Homebuyers? appeared first on Real Estate News & Insights | realtor.com®.