Property Typecast
Consumer spending underpins stability in the retail sector
The week ahead: Election results and potential rate cuts
This will be a momentous week for the real estate mortgage industry as the presidential election wraps up and the Federal Open Market Committee meets to decide on another interest rate cut. Nov. 5: Tuesday is election day and we should finally learn who is the next president…at least we hope. Many experts have forecasted […]
Fannie Mae reports net income of $4 billion in third quarter
The leading provider of mortgage financing added more than $100 billion in liquidity to the market
Real estate agent commissions are little changed since adopting new rules
But commissions for high-end home sales face downward pressure
Hurricanes and the Boeing strike help slow U.S. job growth in October
The economy added an anemic 12,000 jobs for the month, the lowest amount in four years
Americans grow far more comfortable obtaining a mortgage online
How Americans shop for home mortgages evolved greatly in four short years, something not easy to see in the bustle of everyday business. A survey earlier this year by Fannie Mae points out just how much has changed in such a short amount of time. In first quarter 2020, the government-sponsored enterprise found that 60% […]
A decade later, non-QM loans prove a stable, crucial option
Ten years have passed since the Consumer Financial Protection Bureau (CFPB) issued regulations to provide safer and more sustainable home loans for consumers. In January 2014, qualified mortgages became the standard by which lenders must abide. The Dodd-Frank Act imposed an obligation on lenders to make a good-faith effort to determine that the applicants have […]
Featured Top Originator: Scott Evans, CrossCountry Mortgage
CrossCountry Mortgage’s Scott Evans, an 18-year veteran of the mortgage industry, still brings the fresh-faced, lively exuberance of a young originator with every single pitch. It’s an approach that’s reaped myriad rewards. Tips of the Trade (When I was younger,) it was a super simple concept, because I had nothing else except for my follow-up. […]
Is the Federal Debt Cause for Concern in the Housing Market?
Keep yourself and your clients informed when this hot-button issue flares up again
Redlining Is a Thing of the Past, but Its Legacy Lingers
The legacy of discriminatory practices lingers, but homeownership barriers can be overcome