Posts by Mid-Island Mortgage Corp.
NEWS: Home inventory was flat in Q1 as listings lingered on market
Kathleen Howley May 10, 2019 The U.S. inventory of homes for sale was flat in the first quarter, compared with a year earlier, the first time since 2016 there wasn’t a decline, according to a Trulia report. Inventory increased in 50 of the nation’s 100 largest metro areas, up from just 19 areas one year ago.…
Read MoreNEWS: Today’s New Buyers Want Smaller Houses, Closer In
Lew Sichelman May 10, 2019 In something of a throwback to the 1920s, a new minimalist trend, in which less is more, may soon be taking hold in new-home design. At the same time, some builders will be heading deeper into urban and close-in suburban spots where location will be the primary amenity. These two…
Read MoreMid-Island Mortgage’s 60th Anniversary!
May 13, 2019 Today is Mid-Island Mortgage’s 60th anniversary! No mortgage banker has been in business longer in New York, and we are also pleased to be able to serve clients across 19 states, putting six decades of experience and success to work.
Read MoreNEWS: Key Housing Markets Still Seeing Bidding Wars
MBA NewsLink Staff May 10, 2018 Redfin, Seattle, despite a noticeable nationwide decline in bidding wars for homes in April, pockets of the country, particularly on the West Coast, remain hot this spring. Redfin reported just 15 percent of offers written by Redfin agents on behalf of their home-buying customers in April faced a bidding war,…
Read MoreNEWS: 22% of Millennials Still Live with Parents
MBA NewsLink Staff May 10, 2018 More people age 23-37 are living with their parents than at any time this century, said Zillow Inc., Seattle. Nearly 22% of American millennials–more than 14 million in total–live with a parent or both parents, the highest share for this age group since at least 2000. Zillow said the share…
Read MoreNew York State Union of Teachers 2019
May 9, 2019 Mid-Island Mortgage’s Shawn Dwyer, VP, Sales, Union Business Development, was proud to attend the 2019 New York State Union of Teachers (NYSUT) Representative Assembly in Albany, NY, and offer the UnionDirect mortgage discount program. Mid-Island Mortgage is NYSUT’s solely endorsed mortgage lender.
Read MoreNEWS: Mortgage Action Alliance ‘Call to Action’ Urges Support for Self-Employed Mortgage Access Bill
MBA NewsLink Staff May 8, 2018 The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action yesterday urging support of legislation that would improve mortgage access for the self-employed, gig workers and other non-traditional borrowers. MAA asked support for H.R. 2445, The Self-Employed Mortgage Access Act (https://emmer.house.gov/sites/emmer.house.gov/files/EMMER_017_xml.pdf), introduced by…
Read MoreNEWS: Mortgage Applications Rise in MBA Weekly Survey
MBA NewsLink Staff May 8, 2018 Mortgage applications rose for the first time in five weeks as key interest rates dropped slightly, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending May 3. The Market Composite Index increased by 2.7 percent on a seasonally adjusted basis from one…
Read MoreNEWS: Applications Bounce Back in MBA Weekly Survey
MBA NewsLink Staff October 24, 2018 Mortgage applications rebounded solidly from one week earlier as key interested rates continued to hover at seven-year highs, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending October 19. The previous week’s results did not include an adjustment for the Columbus Day…
Read MoreNEWS: Housing Inventory Shows Signs of Catching Up
Mike Sorohan msorohan@mba.org October 23, 2018 Recent housing price reports suggest that the housing inventory crunch of the past few years is finally showing signs of subsiding, even as home prices continue to rise and sales drop. Redfin, Seattle, reported U.S. home sale prices increased by just 2.1 percent in September compared to a year ago.…
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