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Wells Fargo Steps Back From Mortgage Market
Source: The Motley Fool --- Plus, we take a look at "key person risk" and what investors need to know. In this podcast, Motley Fool senior analyst Asit Sharma discusses: Wells Fargo, once the biggest player in mortgages, announces it is making a strategic shift. The...
Hong Kong property investment activity to bounce back in 2023 as investors hunt for bargains, analysts say
Source: South China Morning Post --- Hong Kong’s property investment volume is expected to rise by up to 15 per cent this year from a 10-year low, as investors cautiously hunt bargains after significant price corrections amid rising interest rates, analysts said....
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Home Prices Still Surging, But Today’s Data is For April
Source: Mortgage News Daily --- It's one of the perennial "yeah buts" of the two largest and most widely-cited home price indices: there data is always about 2 months old by the time it comes out. This is the nature of home price reporting. It doesn't mean the data...
Metros with the most mortgage-burdened homeowners
Source: Fox 5 --- Roughly half of all Americans agree a lack of affordable housing in their city is a major problem, according to a 2021 Pew Research Center survey. Pew also found a proportion of Americans concerned about dwindling housing affordability has grown in...
Mortgage Lenders Turn ‘Desperate’ as Soaring Rates Roil Industry
Source: Bloomberg --- Danny Meier had one of the busiest years of his career in 2021. The 36-year-old closed roughly $799 million worth of loans at Academy Mortgage Corp., ranking him among the top producing originators in the US. Now, he’s bracing for a 20% reduction...
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