Homeowners have generally done well over the last few years in accumulating home equity wealth. Since the onset of the pandemic, average equity per borrower increased by about $117,000 nationally, totaling almost $312,000 per mortgaged borrower. Aggregated across borrowers with a mortgage, home equity adds up to almost $17.5 trillion. Adding homeowners without a mortgage,…
All Posts in "Real Estate News" Category
Category archive page
As the new year inches closer, so does a likely ban on TikTok in the U.S., which awaits a decision by the Supreme Court to determine its fate. On Friday, the U.S. Court of Appeals for the District of Columbia denied the ByteDance-owned app’s request to freeze a law that requires the company to sell…
The new year will hold special significance for the many users of ICE Mortgage Technology’s iconic Encompass loan origination system (LOS): The company will begin sunsetting its long-standing software development kit (SDK) in 2025, prodding the majority of the mortgage industry to transition to the more efficient and accurate Encompass Partner Connect (EPC) ecosystem that…
Supporters of the policy outnumber critics nearly 3-to-1, according to new data from the Inman Intel Index survey. Agents at larger brokerages were more receptive to the criticisms, Intel found.