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September 9, 2022
Historically tight underwriting reinforced by regulation and third-party reviews could be buffers, so long as manufacturing standards for production and servicing hold up as residential mortgage companies downsize, according to KBRA.
August 25, 2022
The US housing market is starting to roll over quickly — and the parallels to the 2008 meltdown are growing.
December 29, 2021
Access to jumbo mortgage credit continued to increase in November, but the Mortgage Bankers Association (MBA) says it is still down significantly from pre-pandemic levels . Overall access fell during the month according to MBA's Mortgage Credit Availability Index (MCAI) which dipped by 0.6 percent. The decrease, however, was due solely to a constriction on the government loan side. The MCAI was at 124.9 in November. In February 2020, as the pandemic was taking hold, it had a reading of 1...
December 10, 2021
While qualifying got a little tougher for entry-level buyers with lower incomes in November, some other prospective borrowers had an easier time of it.
May 12, 2021
Buying A New Or Used Vehicle? Hold Your Horses - Lower New Car Inventories, Out of Sight Used Car Prices, A Year Of New Car Hots All Add Up To a Car Dealers Dream TACHs TAKE: Unless your current vehicle cant continue to do its job wait until the selling field is more rational to fill your new car desire. Atlanta (Out Of Auto Gasoline), GA - May 12, 2021: Cox Automotive reported that new and used vehicles continue to be in high demand and, as seen at gas stations across the South right now, w...
April 8, 2021
Jumbo Loans Easier to Obtain as Economy Recovers About this Channel MND NewsWire features plain and simple interpretations of industry related data and events written in a manner that maintains the interest of random readers while still catering to the perspective of a housing market professional. Share: Apr 8 2021, 10:45AM Non-government lenders continue to return to mortgage lending after fleeing at the start of the pandemic. The Mortgage Bankers Association (MBA...
December 10, 2020
MLO, Ops Jobs; Broker, Retention Products; Borrower Satisfaction; Primer on How News Impacts Rates Dec 10 2020, 8:00AM “My ability to remember song lyrics from the 80s far exceeds my ability to remember why I walked into the kitchen.” The Baby Boomers are certainly riding the appreciation wave in housing across the nation. (Speaking of waves, did you know that Hawai’i is last among the states in boat registrations?) And given the rising values of a house, is any...