Gunnar Blix News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Zhiqiang Su, 50, and Yuping Liang, 50, moved from China to Chicago in 2020, seeking a life with better education opportunities for their now 21-year-old daughter and more freedom. They have been renters since they immigrated, living in a single-family, two-bedroom home in Bridgeport for $1,200 a month, never having missed or been late on a payment. But, Su said, they want a place to call their ...

Home prices in many areas have peaked and the equity cushion that has bolstered loan performance is starting to erode, but some think damage will be limited.

As the MBA’s conference in Nashville wraps up, lenders and vendors are in an interesting mindset. Optimists are saying, “There’s a lot of opportunity out there” and, “Rates will come back down and refis will give us some oomph.” The pessimists are saying, “Why do I care about multi-year Agency goals when I’ll be lucky to make it through the next two quarters. We’re just trying to cut costs fast enough, including LO comp, and outlast our competition.” Lenders everywhere are doing what they can now to make themselves more effi...

Start the day with a little something non-mortgage? Ira S. with U.S. Mortgage, on his time off, of course, found “River Runner.” One can basically click anywhere in the United States, and it will tell you, and your kids, where a raindrop will flow to the ocean. (No stories of you stopping at the Continental Divide with your drunk buddies, please!) This is cool technology, as opposed to ads that pop up on my computer from something I bought two years ago online. While on technology, here’s something else that anyone working with builders, or having a new home built, will fi...

Plenty of folks in our biz can be accused of having aprosexia. (No, I didn’t join some “Word of the Day” club.) But lenders and originators have to be pay attention long enough to figure out how to adapt to changes and trends. For example, while building affordable housing is a hot topic, new buildings only account for about a quarter of the affordable housing market. The rest is comprised of Naturally Occurring Affordable Housing, or NOAH, which falls between subsidized housing and high-rent buildings and it often makes sense to preserve it rather than build it. I spent s...