These protections are included in the Enterprise Multifamily Lease Standards Policy announced by the Federal Housing Finance Agency (FHFA) in July. “The new Enterprise Multifamily Lease Standards align with our mission to expand access to housing that is both affordable and sustainable,” Fannie Mae Multifamily head Michele Evans said in the announcement. “They reflect our … [Read more…]
The association’s chief economist Lawrence Yun said in a statement accompanying the release that a “wait-and-see” approach appeared to be taking hold as buyers look ahead to the potential economic impact of the upcoming presidential election, scheduled for November 5. He highlighted the New England region as one of the few causes for optimism in … [Read more…]
That’s made it a magnet for buyers from outside Texas – not least because while some are able to keep their out-of-state jobs and work remotely, the city also has a “very solid” jobs market that’s accessible to plenty of movers, Tubau said. Attention from outside buyers is having another impact on the housing market: … [Read more…]
“I think for the general market – whether you’re planning to grow by three times or just by 25% – everybody’s going to grow in a growing market. So just being very proactive with your approach to hiring and developing your team is critical right now in the early stages.” Technology for mortgage firms For … [Read more…]
Fayetteville, known for its military presence and location along the I-95 corridor, offers a balance of affordability and convenience. The city’s average rent for a three-bedroom home is $1,513, while the median home value is $218,367. After a 20% down payment, homeowners face a mortgage payment of about $1,100. With a cost-of-living 20% lower than … [Read more…]
That “dramatic” expansion, according to Betancourt, has arrived in part thanks to growing understanding among a wide swathe of borrowers, not just in the Hispanic community, of the viability non-QM loans can offer. “If you’re a self-employed borrower, there are other alternatives to the traditional way of qualifying, which is what non-QM aims to fill … [Read more…]
A bid to protect renters A CNN report highlighted that the lawsuit represents a unique case in antitrust law, as it focuses on the use of an algorithm to facilitate anti-competitive behavior. DOJ officials described the case as a modern twist on a classic form of market manipulation. While the method may be new, the … [Read more…]
“The question is: Will we have a policy error? That’s why the market’s teetering on edge around the Jackson Hole statement,” said Joseph Brusuelas, chief economist at RSM US LLP. “What we need to hear from the chairman is where the Fed is on the potential policy pivot.” Current economic condition Market volatility has already … [Read more…]
Anthony Casa, CEO of UMortgage, warns that recent changes in real estate fee structures, effective August 17, could disrupt the market significantly, predicting an exodus of underperforming agents and loan officers. Read more: https://t.co/1HsbOs0SFl — Mortgage Professional America Magazine (@MPAMagazineUS) August 21, 2024 Controlling that narrative by encouraging and generating strong reviews, he said, is … [Read more…]
That’s an outlook shared by Left Coast Leaders broker/owner Amir Nurani (pictured), who cautioned brokers against advising clients that the Fed’s rate will post a dramatic immediate fall. “The Fed still has PTSD from what happened during the COVID era when they smoked rates down to nothing and made money really, really cheap,” he told … [Read more…]