The Purchase Market Shift Is No Tall Tale
Prepare now for the end of the refi boom or risk a business drop-off
The Invasion of the Zoom Zombies
Liven up this means of communication with clients and referral partners
Business Plans Allow Careers to Flourish
Mortgage professionals can struggle without a blueprint for success
Home equity is not a foreclosure-prevention panacea
The unprecedented amount of equity in the U.S. housing market has become the go-to data point for many who predict that the spike in mortgage delinquencies and loans in forbearance caused by the COVID-19 pandemic won’t result in a massive wave of foreclosures. But recent analysis from Black Knight, along with proprietary data from the […]
Rodman Schley, Appraisal Institute
Appraisal industry association responds to claims of racial bias
White-hot price surge eats into home affordability
With home prices across the country continuing their sharp rise, affordability is becoming a bigger issue for prospective homebuyers. According to Attom Data Solutions’ third-quarter 2021 U.S. Home Affordability Report, a median-priced single-family home was less affordable at that time than historical averages in 75% of the counties analyzed, the highest share in 13 years. […]
Becca Green, Guild Mortgage Co.
Becca Green fell in love with the mortgage industry at the closing table. She worked at her parent’s mortgage company in Utah during the summer. She started in high school in the filing room, moved up to receptionist for a couple summers and eventually worked every type of operations job — some that she liked […]
Student debt continues to impact the home-purchase market
One of the key parts of the job for any mortgage originator during the loan qualification process is an accurate calculation of a borrower’s debt-to-income (DTI) ratio. Any student loan debt held by a mortgage applicant will impact the DTI equation. And just as pandemic-related relief from mortgage and rent payments have subsided in recent […]
FHFA announces $647,200 conforming loan limit for 2022
The Federal Housing Finance Agency (FHFA) announced conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2022, with the threshold for one-unit properties in much of the country at $647,200. That’s up almost $99,000 from last year’s conforming loan limit of $548,250 — an unsurprising move as the FHFA […]