Pacific Union Financial expands PacificPlus into Correspondent channel

Pacific Union Financial expands PacificPlus into Correspondent channel

Insurance covers homebuyers’ mortgage down payments

Pacific Union Financial and ValueInsured have announced the launch of PacificPlus, a new mortgage product that protects a homebuyer’s down payment.

PacificPlus features ValueInsured’s +Plus down payment protection embedded into loans offered by Pacific Union Financial. The PacificPlus program enables homebuyers to safeguard their down payment and purchase, even if they need to move and real estate market values are down when they sell. The program provides coverage up to the full amount of their down payment and, if all program requirements are met, reimburses any potential losses.

MarketWatch - Why many Americans are worried about buying a home

MarketWatch - Why many Americans are worried about buying a home

As originally seen on MarketWatch

Our economy has come a long way since the 2007-09 recession: Wages are going up, unemployment sits at 4.4% (the lowest level since May 2007)—and we’re in the midst of the second-longest bull market ever.

What isn’t growing at an impressive pace? Americans’ confidence in the housing market.

Despite other positive economic indicators, rising home prices and uncertainty about the election left the ValueInsured Housing Confidence Index flat last summer. And while optimism briefly shot up postelection—particularly among millennials, according to the index—it’s dropped again: In March, the Fannie Mae Home Purchase Sentiment Index decreased 3.8% overall, with the percentage of Americans who think now’s a good time to buy falling 10%.

What are we so worried about?

DS NEWS - Side Effects Include…

DS NEWS - Side Effects Include…

Credit risk transfer (CRT) or sharing is the process in which the government-sponsored enterprises bundle up the mortgages they buy from lenders and sell a portion of the risk to private investors. Instead of the GSEs shouldering the loan risk alone, selected investors help offset any potential risk from loan defaults. CRT began as a test in 2012 and is now quickly ramping up as investor interest and governmental oversight grows. Governmental oversight makes sense—we don’t want another 2007. But why are more investors becoming so interested in CRT?

The M Report - Confidence In Housing Steady, but Shaking

The M Report - Confidence In Housing Steady, but Shaking

As originally seen on The M Report

Author: Scott Morgan in Daily Dose, Data, News

Americans remained as confident in the U.S. housing market as they have been, but this cautious optimism may be on shaky ground. That, at least, is the conclusion of ValueInsured’s quarterly Modern Homebuyer Survey, released Thursday.

The survey index ended Q1 at 67.7 out of 100,  which was down less than 1 percentage point from Q4. According to the index, the so-called Trump bump “has plateaued after two interest rate increases in three months.”

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Housing Confidence Index Remains Steady, Though Cautions Loom

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Housing Confidence Index Remains Steady, Though Cautions Loom

Americans Still Value Homeownership and Want to Buy, According to ValueInsured’s Modern Homebuyer Survey

DALLAS, May 3, 2017 – Americans remain generally confident in the country’s housing market and the value of homeownership despite recent interest rate hikes, according to ValueInsured’s quarterly Modern Homebuyer Survey.

 The survey produced an overall ValueInsured Housing Confidence Index score of 67.7 on a hundred-point scale, down less than one percentage point from January. The index is the aggregate mean of seven multidimensional confidence measures collected through the survey.

Mortgage Professional America - Mortgage product boosts buying in Mid-Atlantic market

Mortgage Professional America - Mortgage product boosts buying in Mid-Atlantic market

As originally seen on Mortgage Professional America

by Anna Sobrevinas - 02 May 2017

Home purchases in the Mid-Atlantic markets of Maryland, Virginia and North Carolina are seeing a boost, thanks to First Heritage Mortgage’s Mortgage +Plus, according to a news release.

Mortgage +Plus, a down payment protection program, covers all FHA loan borrowers and is provided by First Heritage at no additional cost.

Omaha World-Herald - The young American dream

Omaha World-Herald - The young American dream

As appeared on Inspired Living Omaha / Omaha World-Herald

By Erik J. Martin/CTW Features

Don’t believe the hype: contrary to popular belief, the vast majority of Generation Y, better known as millennials, want to own a home — and most actually do, new data suggests. That’s good news for boomerang parents whose twenty-something-aged offspring moved back home in recent years due to the economic downturn.

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