Category Archives: Residential

Interest Rates No Place But Up: Installment #2

The premise of this blog is that residential lending rates are going to rise. The trigger is when Janet Yellen commences raising rates. The question is how much will they increase? Ted’s Forecast: When Janet Yellen announces that the Fed is going to increase rates, within six months the 30-year residential fixed-rate loan will increase …Read more

April 2015 Existing Home Sales Up 6.1 Percent Year-Over-Year, But Off 3.3 Percent Sequentially from March 2015

April 2015 existing home sales, while up 6.1 percent from a year ago, declined 3.3 percent from March on a seasonally-adjusted annualized rate (SAAR) according to the National Association of Realtors® (NAR). April’s median price of $219,400 is up 8.9 percent from a year ago. When examining actual monthly sales numbers on a non-seasonally adjusted …Read more

What does the TILA-RESPA Integrated Disclosure rule mean for real estate agents?

The new TILA-RESPA Integrated Disclosure Rule and the August 1st implementation deadline is right around the corner. Watch this short video to learn more about how this rule, specifically how the HUD-1 and Truth-in-Lending Disclosure for most closed-end residential loans will be going away, and what this means to you and your customers. https://www.youtube.com/watch?v=6Krq_HAG3KE

How Millennials Will Innovate New Home Construction

The expected entry of millennials1 into the housing market over the next decade presents opportunities for many of our homebuilding clients, and the innovations taking place are exciting. In my previous post on the millennial generation, I talked about the strong financial case renters are seeing for buying homes today. The lack of apartments and …Read more

Stewart’s Eric Arnold guest blogs for Worldwide ERC

The Federal Housing Administration (FHA) recently announced the end of its waiver of the FHA Anti-Flipping Rule’s 90-day resale restrictions, a law that the Department of Housing and Urban Development (HUD) adopted in 2003. This waiver had allowed investors and others to rehabilitate and resell properties to FHA-insured borrowers. This has led some lenders to …Read more

March 2015 Existing Home Sales Rocket Off the Pad — Up 10.4 Percent Versus March 2014 and Up 6.1 Percent Sequentially from February 2015

Existing home sales rocketed off the pad in March 2015, increasing 10.4 percent from March 2014 and up sequentially 6.1 percent from February 2015 as reported by the National Association of Realtors® (NAR). March sales reached a seasonally adjusted annualized rate (SAAR) of 5.19 million dwellings – the best posted number since September 2013. The …Read more

Stewart’s Dawn Lewallen speaks on a panel discussion at the Oklahoma Mortgage Bankers Association Annual Conference

Stewart’s Compliance Counsel Dawn Lewallen spoke on a panel discussion entitled “Bringing the new Closing Disclosure to the closing table” at the Oklahoma Mortgage Bankers Association Annual Conference in Tulsa, Oklahoma. The panel of experts discussed the new Consumer Financial Protection Bureau (CFPB) TILA-RESPA Integrated Disclosure (TRID) regulations that will impact quoting title insurance and …Read more