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How Millennials Are Shifting the Housing Market

For a large number of millennials, the generation born between 1981 and 1996, the time to buy a home has never been quite right.

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February 20th, 2024

CPI inflation report shows the Fed loves playing with fire

“The progress in inflation is still intact as we have fallen so much from last year’s growth rate, but the Owners’ Equivalent Rent of Residences (OER) inflation has diverged from all the shelter rent data in the most prominent fashion I have ever seen, which boosted this report higher than it should have been.” –

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February 13th, 2024

Mortgage Predictions: How Jobs Data Could Impact Mortgage Rates in 2024

When the labor market is deemed “strong,” you can bet that mortgage rates are pretty high.

So after the Bureau of Labor Statistics released what was considered a positive jobs report for January (with a rising number of payroll jobs and no changes to the unemployment rate), the average rate on a 30-year fixed mortgage made a sudden and drastic jump above 7%.

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February 12th, 2024

House Democrats poke the NIMBY bear with 2024 housing push

House Democrats are wading into the contentious issues of housing affordability and local zoning heading into the 2024 campaign.

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February 9th, 2024

Modest uptick in mortgage delinquencies seen in Q4 2023

The last quarter of 2023 saw a noticeable uptick in mortgage delinquencies, signaling a shift in the housing finance landscape, as revealed in the Mortgage Bankers Association’s (MBA) latest findings.

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February 9th, 2024

House introduces ‘abusive’ trigger lead ban bill, MBA announces support

A bipartisan duo of members in the U.S. House of Representatives this week introduced a bill targeting the “abusive” uses of mortgage trigger leads, a companion bill to a previously-introduced bill in the U.S. Senate.

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February 8th, 2024

Yellen Warns of Possible Nonbank Mortgage Lender Failure

(Video)

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February 8th, 2024

Housing Affordability Remains Near Historic Low Level

Mortgage rates that hit more than a 20-year high, coupled with elevated construction costs and excessive regulatory costs, left housing affordability in the fourth quarter of 2023 virtually unchanged from the previous quarter and holding near its lowest level in more than a decade.

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February 6th, 2024

A 3% Mortgage Sounds Too Good to Be True. In Many Cases It Is.

High interest rates have created buzz around mortgage ‘assumptions,’ but buyers must wade through red tape. Millions of home buyers can avoid high interest rates by snapping up existing low-rate mortgages—in theory. Doing so in practice is filled with obstacles.

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February 4th, 2024

When mortgage rates will cross the ‘key threshold’ that unfreezes the housing market, according to five economists

If rates fall significantly from their current average of 6.63%, that could prompt homeowners who currently have mortgages with rates far below 6% to consider selling, because their interest costs would not jump higher with a new mortgage. That could somewhat ease the so-called lock-in effect that’s been hampering home sales.

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February 3rd, 2024

After years of cutting costs, lenders are still not out of the woods: Stratmor

The past three years in the mortgage industry were cutthroat, with origination volume shrinking, and while things are looking better for 2024, lenders are still in a position where they must make bold moves to stem losses on the production side of the business…

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January 26th, 2024

Homebuyers on a $3,000 Monthly Budget Have Gained Nearly $40,000 in Purchasing Power…

Homebuyers are getting some relief in 2024 as mortgage rates come down from the two-decade high they hit this past October.

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January 29th, 2024

Mortgage rates poised to drop to 5.5% in 2024: Bloomberg

According to the newest Bloomberg Markets Live Pulse Survey (MLIV Pulse), the rate on the 30-year fixed mortgage will fall to 5.5% by the end of this year. Most forecasts call for rates to bounce within the 6% to 7% range in 2024, marking the first annualized decline after three straight years of gains.

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January 29th, 2024

NerdWallet 2024 Home Buyer Report

 

Mortgage rates and home prices are high, and the number of homes for sale is meager. The recent housing market has been bleak for buyers, and NerdWallet’s 2024 Home Buyer Report — the eighth of its kind — indicates that while some folks finished 2023 feeling discouraged, other would-be homeowners felt downright defeated.

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January 23rd, 2024

What to look for in emerging purchase market

Natural demographic shifts are shaping to be the most promising trend emerging for the mortgage industry.

“As challenging as ’23 was, this is the best news we have for our industry ,” Michael Fratantoni (pictured), chief economist for the Mortgage Bankers Association (MBA) said during a recent gathering of industry pundits hosted by Snapdocs.

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January 19th, 2024

Fannie Mae optimistic that mortgage rates will dip below 6% by year-end

Fannie Mae has a rosy outlook for mortgage rates. The government sponsored enterprise is projecting that rates will drop below 6% by the end of 2024, which in turn will boost refi volumes and help thaw the existing home sales market.

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January 19th, 2024

The housing market is breaking out of mortgage rate lock as a wave of sellers look poised to list their homes in the coming years, Zillow says

In a recent survey conducted by the real-estate listing site, 21% of homeowners said they were considering selling their homes sometime in the next three years. If those owners follow through, that could bring on a fresh wave of housing inventory

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January 16th, 2024

5 ways to embrace and improve at marketing yourself through video

Now that social media has been adopted so widely, most loan officers have learned they can use it to market themselves directly to consumers. Social media is a powerful tool…but what’s more powerful? VIDEO!

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January 16th, 2024

HUD Secretary Fudge Willing to Examine Dropping Life-of-Loan FHA Coverage

At a House Financial Services Committee hearing Thursday, HUD Secretary Marcia Fudge suggested the agency would consider eliminating life-of-loan premium requirements for FHA-backed mortgages.

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January 16th, 2024

This CEO was the most accurate home price forecaster in 2023. Here’s what he expects for 2024

The vast majority of housing economists I spoke to at the time thought that this correction would carry over into 2023 and that national home prices would fall for the year. However, that didn’t happen.

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January 12th, 2024

Rent costs are leveling off and even dropping around the U.S.

Here’s some good news for renters – the cost of keeping a roof overhead is no longer going through the roof. After a rapid jump in recent years, rents have begun to level off around the country.

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January 11th, 2024

Adjusting Loan Officer Compensation to Improve Profitability

The largest expense for most companies isn’t the new loan origination system, marketing campaigns, or rent. It is compensation. Compensation and technological efficiency are impactful on the bottom line…

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January 11th, 2024

The strong spring real estate market will surprise you: Altos

Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. Home prices will be up this year by a few percentage points, also.

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January 8th, 2024

Researchers say Minneapolis should be blueprint for housing policies in other cities

Minneapolis’ housing policies should be a blueprint for other cities as they try to tame rising rents, according to Pew Charitable Trusts researchers.

Why it matters: Pew’s report says Minneapolis’ development reforms — which have largely amounted to a let ’em build approach — have worked.

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January 8th, 2024

Sliding mortgage rates are helping to thaw the frozen housing market, Redfin says

There are signs the frozen housing market is starting to thaw after a year where higher mortgage rates drove potential buyers away, according to Redfin.

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January 5th, 2024

Buffalo charges to the top of Zillow’s 2024 hottest markets list

Buffalo, New York, will be the hottest major housing market this year, according to a new analysis by Zillow®. Affordability is the most powerful force driving real estate, bringing lower-cost markets in the Great Lakes, Midwest and South regions to the top of Zillow’s 2024 rankings.

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January 4th, 2024

How loan originators survived a cutthroat mortgage business in 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate’s managing director and a top-producing loan officer – “This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. Now, you need to be very qualified in order to get a mortgage,” he said…

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December 28th, 2023

Loan officers are dramatically cutting their pay to win clients. It’s often illegal.

Manipulation of lead sources through pricing buckets is widespread, but there’s no enforcement, critics say…

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December 20th, 2023

Democrats introduce bills to ban hedge funds from single-family housing market

Democratic lawmakers in both the U.S. House of Representatives and the U.S. Senate have introduced bills in their respective chambers designed to ban hedge funds from participating in the single-family housing market, citing supply and affordability challenges as justification.

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December 7th, 2023

Top Housing Markets for 2024

As noted in our 2024 National Housing Forecast, at a national level, we expect that housing affordability begins to turn around as mortgage rates ease and home prices dip. Although nationwide, home sales are expected to edge just slightly higher, some markets across the country are projected to fare differently.

New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November.

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December 4th, 2023

Promising signs abound for 2024 housing market

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market.

New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November.

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December 4th, 2023

Zillow’s 2024 Housing Market Predictions

In 2024, Zillow economists predict home buyers will have more options and a bit more affordability breathing room — but only a bit — after the inventory crunch and mortgage rates rising to 20-year highs were this year’s headline news items.

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November 30th, 2023

Mortgage Rates Forecast For 2024: When Will Rates Finally Come Down?

It seems mortgage rates fever has finally broken—at least for now.

After rising to 7.79% in October—the 2023 high—rates floated down notably over November amid signs of receding inflation pressures, finishing the month at 7.29%, according to the latest weekly data from Freddie Mac.

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November 30th, 2023

Home supply will continue to be strained in 2024, economist warns

Although housing costs are projected to ease slightly in the new year, an industry economist warned that it won’t be a “giant improvement” by any means, worsening the supply of existing homes.

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November 29th, 2023

How to Calculate Income-Based Repayment When Your Income Changed

Income-driven repayment is a huge benefit of the federal student loan system. Unfortunately, it’s confusing to know which plan to choose. It can be even more confusing if you have drastic income changes during your career that can impact how your income-based repayment is calculated.

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November 28th, 2023

By how much will US home prices rise in 2024?

The average price of a home in the US is likely to post an increase of around 3-4% next year, according to House Buyers of America founder and CEO Nick Ron. Still, Ron said price appreciation is likely to slow at some point in the coming year in email comments shared with GOBankingRates.

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November 16th, 2023

NAR’s Lawrence Yun predicts lower rates, 15% jump in existing-home sales in 2024

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR).

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November 15th, 2023

Bypassing mortgage rates: Share of US homes bought with cash hits highest level in nearly a decade

 

LOS ANGELES (AP) — Homebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash.

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November 9th, 2023

NAR’s commission collusion case rattles real estate industry

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November 2nd, 2023

Update in the Case of Burnett v. NAR et al.

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November 1st, 2023

Missouri jury finds Realtors, brokerages guilty of conspiring to inflate commissions

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October 31st, 2023

MBA, NAR, NAHB call on the Fed to provide market certainty about its rate path

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October 9th, 2023

As rising mortgage rates push buyers to the brink, sellers are starting to cut prices

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found.

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September 29th, 2023

These Places Pay You to Move There

Some places, in need of fresh blood and a greater tax base, will actually pay you to move there, according to Redfin. An April report from the company lists several states and cities willing to help with moving expenses and other costs. 

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September 10th, 2023

Short U.S. housing correction likely over; tight supply to keep prices high: Reuters poll

 

A short U.S. housing market correction is now over, according to property analysts polled by Reuters who have wiped out forecasts for a price fall this calendar year but also look for stagnation in 2024 despite expectations for interest rate cuts.

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September 7th, 2023

CFPB reaches $2.7B settlement with credit repair conglomerate

 

The settlement could impose nearly $3 billion in judgments against Lexington Law, CreditRepair.com and others

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September 5th, 2023

US 30-year mortgage rate soars to highest since 2000

 

Aug 23 (Reuters) – The interest rate on the most popular U.S. home loan last week shot to the highest since December 2000, helping drive mortgage applications to a 28-year low, a survey showed on Wednesday.

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August 23rd, 2023

Fannie, Freddie step up scrutiny for condo mortgages: Here’s what that means for buyers

Fannie Mae and Freddie Mac rolled out new rules cracking down on condo and co-op loans following the 2021 partial collapse of a Surfside, Florida, condo tower.

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August 8th, 2023

Seven Reasons Why the Entire Mortgage Market Should Care About the Basel Capital Proposal

 

In late July, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) issued interagency proposed changes to capital requirements for banks with assets of $100 billion or more.

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August 7, 2023

Sales Compensation: Do You Get What You Pay For?

Lenders still have too much overhead to spread across far fewer loans, and even a “scorched earth” reduction in management and support positions doesn’t seem to be enough to turn the profitability tide. – STRATMOR Group

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July 31, 2023

How climate change could cause a home insurance meltdown

Over the past two years, several big insurers, including Allstate and State Farm, have scaled back their home insurance businesses in California to avoid paying billions for wildfire damage, or have halted sales of new policies altogether.

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July 22, 2023

U.S. banks increase reserves for commercial real estate exposure

The U.S. commercial property market has faced severe challenges since the pandemic due to lingering office vacancies, diminished retail activity and higher interest rates. That stress has caused banks and other lenders to tighten their standards for new loans and scrutinize existing ones.

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July 21, 2023

Many mortgage lenders are like frogs in a slow boil

They have to find a way to jump out of the heat, or they won’t survive, M&A experts contend

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July 19, 2023

DataDigest: The staying power of the new New South

 

The growth is real – how sustainable is it?

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July 19, 2023

10 Biz Development Leaders Discuss Which Lead Magnets Work For Them (And Why)

“Creating and producing a podcast has proven to be fantastic for our business and the businesses of our coaching clients.” – Dustin Owen

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July 17, 2023

DataDigest: There are too many real estate agents and LOs. It’s a problem

There are over a million unproductive agents in America, and most LOs aren’t productive enough to justify their costs

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July 13, 2023

Morningstar makes a bold call that housing market affordability will be restored by 2025

The average 30-year fixed mortgage rate will fall to 4.00% by 2025, predicts Morningstar.

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July 9, 2023

18 Key Factors For Business Development Teams To Drive Product Growth

“Offer Your Product In Conjunction With A Similar, Not Competing Product From Another Business” – Dustin Owen

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July 3, 2023

Five reasons why we won’t see a housing market crash in 2023

The affordability crisis is going to play a significant role this year.

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June 30, 2023

The US is short more than 4 million homes

Americans seeking to move out on their own outnumbered available housing by almost 2 to 1 in 2021.

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June 23, 2023

Stop Overthinking Online Networking

“My “aha” moment came when I started to compare why one should attend traditional networking events to how networking online is much the same yet less cumbersome.” – Dustin Owen

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June 21, 2023

Mortgage rate relief won’t come until end of 2023 (or later), housing economists say

Prospects for a rate cut this year look unlikely at this point.

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June 15, 2023

Homes for sale are in short supply. Here’s where inventory has dropped the most

It’s getting tougher for house hunters to find a home to buy, particularly in large cities, as the housing industry faces a dearth of inventory.

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June 1, 2023

CPI report is good news for mortgage rates

Shelter inflation is cooling and the 10-year yield looks like it peaked last year

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May 12, 2023

Survey Finds Current Market Conditions Are Not a Huge Deterrent for Buyers

According to Bank of America’s new 2023 Homebuyer Insights Report, many hopeful homebuyers – especially those in their 40s and younger – are forging ahead with plans to buy homes despite believing the market favors sellers.

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May 10, 2023

It’s time for a coherent policy on mortgage pricing

Housing policy has been thrust into the center of the culture wars.

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May 8, 2023

Uncle Sam Targets Pay-to-Play

Bad actors reported by financial institutions seeking level playing field

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May 1, 2023

DataDigest: Correcting the LLPA false claims

There’s a lot of false claims to dispel, but make no mistake – updates to the GSEs’ pricing framework are a tough pill to swallow for the mortgage industry

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April 26, 2023

FHFA Director Thompson speaks out to correct LLPA misinformation

“Higher-credit-score borrowers are not being charged more so that lower-credit-score borrowers can pay less,” Thompson says

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April 26, 2023

No, there aren’t more cash buyers in real estate these days

The number of applications for conventional purchase loans was down nearly 40% in mid-April from the same time last year, according to the Mortgage Bankers Association.

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April 25, 2023

5.5% may be a magic number for mortgage rates

Home buyers have proved to be mortgage rate sensitive, with home sales over the past year tanking as rates have surged, and improving during periods when rates have ticked down.

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April 21, 2023

Millennials became homeowners later than their parents and grandparents. Here’s why.

Millennials are now a homeowner-majority generation — a milestone achieved amid a global pandemic and an unsteady housing market.

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April 13, 2023

Early-Stage Homebuying Demand Hits Highest Level Since May

For independent mortgage bankers who survive the ongoing culling, the new normal unfolding looks much brighter, industry experts say

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April 3, 2023

Early-Stage Homebuying Demand Hits Highest Level Since May

Redfin says its Homebuyer Demand Index jumped to its highest level since last May.

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April 3, 2023

Opinion: Stop speaking mortgage to your clients

Learn to speak your client’s language.

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March 20, 2023

Remodeling ROI Not Always Great

Bathrooms are receiving a lot of attention from homeowners who are staying put rather than braving a housing market beset by high prices and climbing mortgage rates.

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March 17, 2023

Mortgage rates drop in wake of bank failures

Mortgage rates dropped this week in the wake of several bank failures, reversing course after rising half a percentage point over the past month.

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March 16, 2023

What LOs need to know about using ChatGPT

To put it in layman’s terms: ChatGPT is a free online tool you can use to generate writing.

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March 15, 2023

FHFA delays implementation of LLPA DTI fees

Sandra Thompson sets new deadline of Aug. 1 but says post-purchase price adjustments won’t affect any loans originated in 2023.

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March 15, 2023

The uptick in housing activity will be temporary: Fannie Mae

Fannie Mae expects a modest recession starting in Q2 2023

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February 21, 2023

Smaller nonbanks facing “come to Jesus moment” as MSR values dip

FHFA issues advisory mandating third-party valuations of MSR assets

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February 14, 2023

Opinion: New LLPA changes represent noble effort, but wrong approach

There are other ways to help first time homebuyers and minority buyers without violating the principles of risk based pricing

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February 6, 2023

MBA urges removal of DTI-based LLPA

Monthly income, debt payments often change during the loan process and will be difficult to provide an accurate rate to borrowers: MBA

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February 6, 2023

Are We in a Housing Recession?

A housing recession occurs when there is a slowdown in market activity; it’s usually characterized by a decline in housing starts and home sales and an increase in sales contract cancellations, among other factors.

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January 23, 2023

Some BIG Changes to Mortgage Costs Were Just Announced

In a single moment, the fees for a vast majority of new mortgages in the US have changed. In some cases, the changes are drastic, both for better and worse.

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January 19, 2023

Rocket CEO says housing isn’t a buyer’s or a seller’s market. Now it’s even

The buyer has a little bit more power or control on their side.

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January 13, 2023

Mortgage rates have peaked along with inflation

The CPI data cooled even though shelter inflation is lagging.

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January 12, 2023

When Will Housing Prices Drop?

Home prices are down month-over-month but still up year-over-year annually. Here’s what you should know about home prices and the other ways they can change.

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January 12, 2023

Here’s what to expect in the housing market this year

Last year was a wild ride in the US housing market. Mortgage rates doubled and sales plummeted, triggering the longest month-to-month slump on record.

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January 7, 2023

Mortgage rate watchers are closely tracking the labor market

With inflation growth rate falling slowly, employment data is now “very key” for 2023.

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January 7, 2023

Mortgage interest rates expected to drop in 2023

After home financing costs nearly doubled in 2022, some relief is in sight for potential homebuyers in 2023.

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January 7, 2023

Logan Mohtashami’s 2023 housing market forecast

Housing went into a recession in June and mortgage volume fell off a cliff. So where does all that drama leave us for 2023?

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December 23, 2022

Have we found the bottom in existing home sales?

Today’s data show a big collapse in demand, but forward-looking application data has gotten better.

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December 23, 2022

Here’s How Many Homeowners Could Be Stuck With ‘Underwater’ Mortgages in 2023

Some recent buyers may find themselves in the predicament of being underwater on their mortgages.

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December 20, 2022

The Worst Is Over for Mortgage Rates Despite Another Fed Hike

The Federal Reserve raised interest rates this week, but that doesn’t mean mortgage rates are going up.

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December 14, 2022

Dave Stevens on understanding this housing market

5 things loan originators need to remember

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December 6, 2022

The housing market downturn is different this time

Low delinquency rates and healthy household net worth point to faster recovery

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November 30, 2022

Economists: Inflation May Have Peaked

CPI slipped to 7.7% in October, the smallest YOY increase since January.

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November 15, 2022

Home equity line of credit and home equity loans

Homeowners are sitting on an estimated $20 trillion worth of home equity, boosting the demand for home equity lines of credit and home equity loans.

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November 15, 2022

Housing market will lead us into a recession, and will lead us out

Mortgage rates won’t move much higher than they are now, economist says

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November 4, 2022

Is the US headed toward a housing crash?

Sharply rising mortgage rates, a steep decline in home sales and a record price slowdown have raised concerns that the housing market could crash.

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November 1, 2022

Zillow: Homes Still Lingering On The Market

Zillow says that since homes are staying on the market longer, sellers need to appease to potential buyers.

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November 1, 2022

What the midterm elections mean for the housing market

A new report by Cowen lays out the implications of the November midterms for the housing market.

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November 1, 2022

Will millennials ever be able to buy a house?

Will millennials ever be able to buy a house?

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October 18, 2022

3 charts showing that we’re not repeating the housing bubble

Mortgage rates have surged to their highest level since October 2008.

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September 27, 2022

Home-buying Strategies in a Changing Market

Despite current challenges, the right tools can enable buyers to land a property.

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September 14, 2022

Homebuyers Might as Well Take the Plunge

Affordability isn’t going to get any better as shrinking inventories ensure prices will rise even if mortgage rates eventually fall.

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September 14, 2022

The Overcapacity That Still Needs To Be Cut

How many mortgage industry layoffs need to happen to balance out falling origination volume?

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September 6, 2022

Housing Economists: Mortgage-rate Volatility

Some housing economists aren’t expecting another big surge in mortgage rates now or in the coming months.

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August 4, 2022

Condo Buying Challenges

Real estate agents, condo associations and mortgage brokers say the new rules from Fannie Mae and Freddie Mac are having a chilling effect on the market.

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July 20, 2022

Interactive Rate Chart

Interactive historical chart showing the 30 year fixed rate mortgage average in the United States.

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June 17, 2022

Why FHFA and GSEs should revisit their pricing framework

Recent pricing changes to high-balance loans and second homes deserve reconsideration.

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June 3, 2022

Proposed VA appraisal law looks to even the playing field

The piece of legislation would allow for desktop appraisals, and in some circumstances, wave appraisals all together.

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June 3, 2022

Future of Condo Lending

Watch the video in the link below to learn more about the future of condo financing from Fannie Mae.

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May 25, 2022

Qualifying with Medical Collections Just Became Easier

Debts that are paid off after they go to collections will be removed, instead of staying on credit reports for up to seven years, Equifax, Experian and TransUnion announced.

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March 21, 2022

What Home Prices Will Look Like In 2023

Heading into 2022, there was a broad consensus in the real estate industry that home price growth would decelerate significantly this year. But just over two months into the new year, some of those same firms are walking back their 2022 forecasts. Zillow was forecasting that home price growth—which was up 18.8% between December 2020 and December 2021—would decelerate to 11% growth this year. Then last month, Zillow revised that rate up to 17.3%.

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March 9, 2022

The True Cost of Homeownership

For many Americans, homeownership conjures thoughts of comfort and financial security.

But that optimism can evaporate if a first-time home buyer isn’t prepared for unexpected costs. Among the 1,000 homeowners we surveyed, 52% admit the true cost of owning a home surprised them

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February 25, 2022

How The 10-Year U.S. Treasury Note Impacts Mortgage Rates

Historically, the 10-year U.S. Treasury yield has been considered a key benchmark for mortgage rates. However, mortgage rates are not actually based on the 10-year U.S. Treasury note (as is commonly believed).

Fixed mortgage rates and Treasury yields generally move together. Why? As a fixed-rate asset, mortgage-backed securities (MBS) are in direct competition with Treasury instruments for investor money.

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February 17, 2022

40% Of Americans Are Considering A Move In 2022

Plenty of Americans are expected to move in 2022, seeking more space to accommodate their new remote working lifestyle. Nearly half of these on-the-go consumers hope to realize their homeownership dreams, according to the latest LendingTree survey. Over 50% of them say they need a Fido-friendly house, while a little less than half require outdoor space to call their own.

LendingTree surveyed 2,100 U.S. consumers to ask about potential relocation plans, refinancing and renovation aspirations for 2022. The key takeaway from the survey was about 40% of Americans are considering a move in 2022.

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February 9, 2022

Fixed Mortgage Rates Hit 20-Month High

What a difference a year makes. One year ago this week, the 30-year fixed mortgage rate sank to its lowest level in history. This week, fixed mortgage rates followed long-term bond yields and rose to their highest levels in 20 months.

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January 6, 2022

Lender Letter

This Lender Letter provides information about changes to loan-level price adjustments (LLPAs) that will apply to second home and high-balance loans.

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January 6, 2022

Human Lenders Are More Valuable Than Ever

The Mortgage Bankers Association (MBA) estimates that lenders helped home buyers with $1.6 trillion of loans in 2021.

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January 5, 2022