A fundamental premise of today’s housing and mortgage markets is that there is not nearly enough supply for the demand that’s out there. While the consensus solution is to simply build more houses, one mortgage CEO explained that there’s a gap in the market that amounts to an estimated $1 trillion worth of property currently … [Read more…]
The acquisition of the mortgage fintech aligns with growing customer expectations surrounding a fully digital homebuying experience.
Posted To: MBS Commentary
Last week ended with snowball selling in the bond market. Given the approach of a holiday weekend, there was a chance that the weakness was overdone and that we'd see a bounce back today, but it didn't take long for those hopes to be crushed in overnight trading. This is the kind of bond market weakness that forces analysts to find/amplify root causes after the fact, because there really hasn't been a strong case for this much selling (even if there's a well-understood case for steady selling in general). To be clear, evidence in the "well-understood case" is as follows: Plummeting covid case counts Businesses weathered the Dec/Jan surge much better than the initial lockdowns in the Spring Vaccine distribution improving Economic data at home and abroad has been resilient…(read more)
Household mortgage debt is up as credit card debt falls to historic levels, according to the latest report from the Federal Reserve Bank of New York.
The post Americans’ mortgage debt increased to $10T in Q4 appeared first on HousingWire.
Thereâs no doubt that being a single mom is challenging. Thereâs also no doubt that qualifying for a mortgage can be difficult even under normal circumstances. For many single mothers, trying to qualify for a…
The post 4 Best Home Loans for Single Moms appeared first on Crediful.
Entries are still open for Mortgage Professional America’s 150 Million Dollar Club report. The report celebrates the best of the best in the American mortgage industry. To qualify, originators must have produced $150 million or more in loan volume in 2020. Readers are invited to submit their entries using this short online form. The winners will be announced on the MPA website and listed in a digital … [Read more…]
âTwo clicks or lessâ needs to become the mantra for the mortgage industry as it confronts the digital challenges that have kept it mired in the world of costly and cumbersome phone-based customer support, J.D. Powerâs Jim Houston writes
Posted To: MND NewsWire
After dropping from record high levels by a total of 7 points over the last two months, the index that measures home builder confidence has stabilized. The Housing Market Index (HMI), produced by the National Association of Home Builders (NAHB) and Wells Fargo, rose 1 point in February to 84. “Demand conditions remain solid due to demographics, low mortgage rates and the suburban shift to lower cost markets, but we expect to see some cooling in growth rates for residential construction in 2021 due to cost factors, supply chain issues and regulatory risks,” said NAHB Chief Economist Robert Dietz. “Some builders are at capacity and may not be able to expand production due to these headwinds .” “Lumber prices have been steadily rising this year and hit a record high in mid-February, adding thousands…(read more)
Refinancing your mortgage can provide you with a lot of financial benefits. You can cash out on some of your homeâs equity when you need a large sum of money. You can also take advantage…
The post How to Refinance Your Mortgage with Bad Credit appeared first on Crediful.
As the single-family rental (SFR) market has boomed this year, driven in large part by an exodus of multifamily renters to the suburbs, large and small SFR landlords have been looking for new financing solutions. Whether it’s to expand their portfolio of homes, or take cash out for material updates and upgrades, these landlords are … [Read more…]