Federal Reserve dials up rate hike of 25 basis points, suggests ongoing increases ahead
With consumer prices cooling, the Federal Reserve continued to roll back its interest rate policy and lifted its benchmark rate by 25 basis points to a target of 4.5% to 4.75%. The central bank announced the change after Wednesday’s meeting of the Federal Open Market Committee (FOMC), which is responsible for setting national fiscal policy. […]
This Cost-Lowering Idea Could Prove Risky
Attorney opinion letters as title insurance alternatives introduce mortgage process uncertainty
Confront Today’s Challenges With Confidence and Hope
Double down on your business relationships in a time of turmoil
Recessionary fears stoke concerns about vulnerable homeowners
Some 8% of all mortgages originated in the first nine months of 2022 were already underwater by year’s end, an eyebrow-raising statistic reported this past December by Black Knight. To put it another way, one in every 12 new homebuyers, or about 270,000 borrowers, owed more than their home was worth. Oftentimes, buyers who take […]
A home equity buffer will mitigate financial distress
Last year was an eventful one for the U.S. housing market. Mortgage interest rates increased at the fastest pace since the 1980s. Home price growth matched that of 2021 but most of the acceleration occurred in the first quarter of the year. The latter half of 2022 was marked by home price declines along with […]
Rev Up the Engine for Non-QM Lending
Strong partners in this lending niche can quickly prime your business for success
Jennifer Beeston, Guaranteed Rate
No. 13 Top VA Volume, No. 47 Top Women Originators
Cast Another Line Into the Water
Construction loans should be part of your originations strategy
More Movement at the Top Is Needed
The mortgage industry has ground to make up in opportunities offered to women
Ernest Jones Jr., National Association of Mortgage Brokers
NAMB celebrates 50 years of service to brokers