Page 9 - Down Payment Resource News Today

“Ain’t I rough enough? Ain’t I tough enough?” Ain't I rich enough? In love enough?” So Mick Jagger sang. This can apply to many parts of life, but in this case it seems that it is not enough for CRA (Community Reinvestment Act) requirements to apply only to depository institutions. CRA battles within the states are alive and well that apply to non-depository, independent mortgage banks, unfortunately. The MBA has a nice write up on the latest state-spec...

Carol K. writes, “Back in my day there was so much cheap toilet paper and eggs that we would throw them at the houses of our enemies.” And then there’s, “Money can't buy you happiness, but you can sure have a good time searching for it.” Speaking of a good time, are you single? Want to make $1,500? Shane Co. will pay you to go on 15 first dates. Search for dates at the grocery store, a dating app, whatever. Many lenders are searching for production, and...

The annual awards program recognizes an individual or organization for accomplishments and leadership in affordable housing finance

In the midst of the holiday rush, make a little time to give back. Here are 12 real estate-related charities and causes to support before 2022 wraps up.

Zillow revealed Thursday that 1 million users have queried its Down Payment Resource database since the search portal partnered with the data provider.

The Buffalo Springfield sang, “There's something happening here… But what it is ain't exactly clear.” Those were historical times, and a reminder that things are always changing… In Whole Foods the other day I overheard a little girl speaking to another little girl (both in yoga pants) saying, “I’m vegan; I don’t eat candy from animal pinatas.” What the heck, that’s the focus now? For something a little more common se...

This morning I head from Chicago to Atlanta, with a corresponding change in temperatures (20 degrees) and snow readiness (even the Chicago garbage trucks can be outfitted with plows; an inch of snow in Atlanta can paralyze the city for a day). “Don’t knock the weather. If it didn’t change once in a while, nine tenths of the people couldn’t start a conversation.” Whether or not an individual believes in manmade, or natural, climate change, is immaterial. If inve...

Mortgage down payments nearly doubled during the pandemic, underscoring the importance of the growing number of homebuyer assistance programs nationwide

Here in Louisville, at AgFirst’s Correspondent Lending Conference, much of the discussion involves going after builder business (“focusing on how fast they get paid so they can pay their subs”), rural programs (“know how to communicate with your clients, or else”), top producer success (“treat your processor like royalty, and fill out the information correctly in the first place,” “set boundaries,” “sell yourself, not rates&#x...

The housing market is a notable target of the Fed, and Redfin isn't profitable yet.