Housing affordability hit a record low in the fourth quarter of 2022, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released Thursday. At the end of the fourth quarter, the index stood at its lowest level since the NAHB began tracking the data on a consistent basis in 2012. Despite this, […]
âWhere can you always find money? In the dictionary.â Plenty of lenders and finding the money to buy other companies while smaller ones are looking for the right buyer. Eat or be eaten seems to be the name of the game as lenders hungry for production are courting other lenders. Some just get out of the game entirely. (See lender and investor section below.) Cutting costs and being efficient continue to be of paramount importance regardless of plans for the future. Is the credit process cost effective and efficient? Yesterday I mentioned changes in the credit world and received, âRob, when will companies learn that there are âtoo many snouts in the credit troughâ? Thereâs Fair Isaac, the Bureaus, and the credit resellers. It is not a level playing field, and now, like the old days of having different gfees for different lenders, lenders are slotted into âtiersâ. In the next few years, weâll be moving from a tri-merge environment to a bi-merge environment. Regardless of what comes our way, the overall construct of this portion of our business is shaky.â Editorâs note: âShakyâ is not good in this environment. (Todayâs podcast can be found here and this weekâs is sponsored by SimpleNexus, an nCino company and homeownership platform unites the people, systems, and stages of the mortgage process into one seamless, end-to-end solution that spans engagement, origination, closing, and business intelligence. I go on todayâs podcast to talk with Robbie about the industry ramping up mortgage travels and how mortgage market cycles have historically played out.)
The latest Freddie Mac survey shows mortgage rates at 6.12% as of February 9 â three basis points higher than the previous week.
Marriage doesnât directly affect your credit scores since you and your spouse will each still maintain separate credit histories. However, both of your credit histories can affect any shared accounts and future possibilities of taking out a loan together. Or, if you live in a community property state and take out loans after getting married, […]
The post Does Getting Married Affect Your Credit Score? appeared first on SoFi.
Negotiation skills are key when it comes to closing great deals for clients. On this Real Estate Rockstars Classic with veteran Realtor Tim Burrell, we dig deep on what it takes to win at the negotiation table. In addition to outlining five of the most powerful negotiation techniques for buyerâs agents, Tim shares how to match sellers with the right offer (hint: itâs not always the highest one). Most importantly, he covers how to up your competency as a real estate agent so that you’re able to keep clients happy.
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We all love weekends! They are a time to relax, spend time with family and friends, and enjoy our hobbies. But how…
Read More… How Many Weekends in a Year? [2023]
Friday’s strong jobs report and ISM data caused obvious, immediate problems for rates, but bonds held their ground fairly well all things considered. As the new week began, Asia took its turn selling Treasuries before strong European data added to the pressure. Traders are apprehensive about this week’s bond market supply (both Treasury auction and corporate bonds) as well as a Q&A with Fed Chair Powell. Perhaps he’ll be more hawkish in light of the jobs report? That’s the fear anyway and it’s easy to see in the 25bp uptick in rate expectations for September’s Fed meeting. The chart above suggests traders don’t see the Fed returning to 50bp hikes, but rather adding an additional 25bp hike before leveling off. In terms of the bigger picture, this morning’s weakness has 10yr yields up against the 3.62% range ceiling and well above the 3.56 ceiling that had been in play for most of the past 3 weeks.
My Lending Club returns have continued to improve since I started adding higher risk loans for people with lower credit scores, but good jobs and income.
The post Lending Club Update: Returns Increasing Above 10% As Higher Risk Loans Stay Current appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
One key strategy is a commitment to pre-starting 100% of the company’s entry-level homes, he noted: “This readily available home inventory puts us in a favorable position since buyers in the current market want homes that are ready to close within 45 to 60 days,” he said. “Eliminating uncertainty and reducing stress are a premium … [Read more…]
Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on…