Refinance activity ends year on a low note

Newsletter - December 2022 There were no surprises when real estate data agency ATTOM released its Q3 Residential Property Mortgage Origination Report last month. Mortgage originations were down 47% from Q3 of last year-the sixth quarterly decrease in a row and the steepest annual drop since 2001. Mortgage rates that…

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From Housing Recession to Recession-Recession?

Newsletter - September 2022 After two quarters of economic contraction, economists are divided as to whether the U.S. is headed for a recession. But the housing industry is already there, some experts say. "Tighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing…

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Experts Say We’re on the Verge of a Housing Market “Meltdown”

Newsletter - August 2022 If the state of the housing market — and economy in general — has you feeling a bit queasy, you’re not alone. We’re facing a “perfect storm” for a 2008-type housing crisis, said Jose Torres, a senior economist for Interactive Brokers. “At this point, housing is…

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Are a Housing Crash and Recession Imminent?

Newsletter - July 2022 After two years of a red-hot housing market fueled by low inventory and even lower interest rates, things seem to finally be cooling down. As the 30-year fixed rate hovers near 6%, "fewer people are getting mortgages, homes are sitting on the market for longer, and…

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What is Document Retrieval & How Does it Work?

What exactly is document retrieval? We're here to break it down for you. Have you ever needed important vital records for a family member, such as a marriage record or death certificate? What about requesting a deed or title search for a new home you're looking to buy? If so,…

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Supreme Court Ends Federal Eviction Moratorium

Newsletter - September 2021 It's finally over. The federal eviction moratorium - initially set to expire more than a year ago - was struck down by the U.S. Supreme Court last month after a challenge from a coalition of landlords and real estate groups. The ban, which was passed as…

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What is a Title Report?

A title report is a documented review of real estate property that gives a clear picture of the current status of said property. It includes the history of the property over a specified period of time, depending on the intended use of the report. This report can be used for…

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What is a Title Search?

There are so many different types of real estate documents, we understand it can be challenging to keep them all straight! Our experienced document retrieval and title search team is here to break down what a title search is and how they work. What is a Title Search? A property…

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What is Certified Document Retrieval?

There are many different types of document retrieval, but what is certified document retrieval?   Our document retrieval experts are here to teach you what certified document retrieval is and how the process works.  In the mortgage industry, document retrieval is the activity of locating any missing documents that may be…

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Foreclosure Ban Ends With Millions Still Behind on Mortgage Payments

Newsletter - August 2021 The federal eviction and foreclosure bans officially expired July 31, but protections are still in place to prevent people from losing their homes - or at least delay it for a bit longer. At the end of July, the Biden administration announced new loan modification and…

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What the New FICO Score Means for Borrowers — and Lenders

Newsletter - February 2020 An estimated 110 million Americans will soon see a change in their credit score, and for about 40 million of them, the news won’t be good. Fair Isaac Corp., the company behind FICO scores, announced a new credit-scoring model that will be released this summer. The new…

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