Mortgage Industry News
UWM Enhances TRAC Program Giving Loan Officers Increased Flexibility
PONTIAC, January 25, 2023 – United Wholesale Mortgage (UWM), the #1 overall lender in America, announced it has enhanced its TRAC program, initially launched in October 2022, to provide loan officers more speed, options and flexibility within the title and closing...
Goldman Sachs says 4 US cities will suffer a 2008 crash in home values
Source: Fox Business --- Goldman Sachs expects home values to worsen through 2023 amid continued skyrocketing interest rates and declining housing prices. The firm wrote to clients earlier this month that it predicts four U.S. cities will suffer the most catastrophic...
Housing Inventory June 6th Update: Inventory UP 13.9% Year-over-year
Source: Calculated Risk --- Altos reports inventory is up 13.9% year-over-year. Inventory usually declines in the winter, and then increases in the spring. Inventory bottomed seasonally at the beginning of March 2022 and is now up 56% since then. As of June 3rd,...
Real estate agents got $3.9 billion in Covid relief PPP loans. The housing market boomed, but few repaid the loans.
Source: NBC News--- While Covid was battering the U.S. economy, Gary Goldberg seems to have done OK. During 2020, the pandemic’s first year, the Santa Barbara, California, real estate agent sold more than $27 million worth of luxury homes, slightly down from the $31...
Regulators aligned on “once in a generation” CRA rewrite
Source: Housing Wire --- Two years ago, the regulator of the nation’s biggest banks moved alone to rewrite the Community Reinvestment Act (CRA), the country’s premier anti-redlining law. That effort, under the Trump administration, ultimately fizzled. The Office of...
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
