The old playbook of financing mainly single-family, site-built homes is getting a radical makeover, and we’re pleased to note that, looking at the numbers, down payment assistance (DPA) programs are leading this charge, allowing buyers to use funds to purchase manufactured homes, multi-family properties and newly constructed homes. Lenders can use DPA to reduce a […]
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With real estate fraud becoming more sophisticated, the title insurance industry has taken a transformative step to protect consumers and redefine what it means to protect a home in today’s environment. This month, the American Land Title Association (ALTA) will introduce two new policy endorsements that offer forward-looking coverages that directly guard against seller impersonation
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Mortgage originations increased in the second quarter led by a boost in refinances, but the numbers show signs of the challenges the housing market still presents to lenders, according to new findings from Attom. Total origination volume between April and July clocked in at 1.76 million transactions, jumping 19.4% from the first quarter’s 1.47 million,
Refinances drive originations growth in Q2 Read More »