Top Headlines
Supreme Court Upholds CFPB Funding Structure
The ruling reversed an appeals court decision that declared the funding structure was unconstitutional. Continue Reading Supreme Court Upholds CFPB Funding Structure
Guest Opinion: All’s Mostly Well in the US Banking System
In response to rising delinquencies, banks have increased loan loss provisions. Continue Reading Guest Opinion: All’s Mostly Well in the US Banking System
FTK Construction Services Promotes Riley Goodman to VP of Finance and IT
He began his career with FTK in 2020 as an operations analyst. Continue Reading FTK Construction Services Promotes Riley Goodman to VP of Finance and IT
RE/MAX Co-Founder Dave Liniger to Release New Book ‘The Perfect 10’
Liniger called his new book “a love letter to young and future moguls.” Continue Reading RE/MAX Co-Founder Dave Liniger to Release New Book ‘The Perfect 10’
Sound Capital Recruits Andrew Platt as Senior Managing Director
Platt will spearhead the company’s plans to build on its presence beyond the 14 states it currently serves. Continue Reading Sound Capital Recruits Andrew Platt as Senior Managing Director
8 tips for millennial homebuyers
Source: MSN --- Tips and tricks for buying a new house Preparing to buy your first home is a thrilling time. Dreaming up all the new furniture, routines and life you’ll live inside those four walls is exciting. And it appears that a portion of the millennial...
Tips & Insights from Opendoor Real Estate Expert
Source: ABC Action News --- In the hottest real estate market in a generation, the national inventory of active listings declined by more than 50 percent over last year, creating both challenges and opportunities for buyers and sellers. With homes flying off the...
Ten steps than can improve housing affordability
Source: Pasadena Star News --- I was excited to read about your recent Executive Order on promoting competition across America with the goal of reducing consumer prices. When it comes to real estate, reducing purchase and refinance transactional costs along with...
Millennials’ Real Estate FOMO Goes Haywire
Source: Bloomberg --- Here’s a word to add to your investing vocabulary: Dungers. The term for dilapidated, crumbling houses comes from New Zealand, which is in the grip of a striking property boom. The country topped Bloomberg Economics’ risk radar in June for being...
Biden’s new dilemma: How to slash housing costs for low-income borrowers
Source: Politico --- President Joe Biden’s move to fire the top U.S. mortgage regulator is triggering calls from fellow Democrats to use the agency to expand access to loans for lower-income people, who have struggled to buy homes since the financial crisis. That’s...
Mortgage servicers brace for fallout as Covid bailout comes to an end
Source: CNBC --- The nation’s mortgage servicers are gearing up for the biggest wave of delinquent loans since the subprime mortgage crisis, but this time they say they are ready. The first wave of borrowers to enter the government’s coronavirus mortgage bailout...
Sub-3% mortgage rate streak comes to an end
Source: MPA --- An increase in mortgage rates has ended a 10-week streak of sub-3% rates, Freddie Mac reported Thursday. For the first time since April, the benchmark 30-year fixed-rate mortgage rose above 3%, up nine basis points to 3.02%. Freddie Mac chief economist...
Homepoint unveils new service model for brokers
Source: MPA --- With refinances drying up, brokers are shifting their focus to capturing the booming purchase market. Homepoint – the nation’s third-largest wholesale lender – has launched Homepoint Amplify, a new service model that aims to help brokers do just that....
Fed Officials Debate Scaling Back Mortgage-Bond Purchases at Faster Clip
Source: The Wall Street Journal --- As Federal Reserve officials discuss how to eventually scale back their easy-money policies, they are debating whether to start by reducing purchases of mortgage-backed securities to avoid adding more fuel to the housing boom. The...
The U.S. is the country most vulnerable to a new financial crisis, Nomura warns
Source: Market Watch --- Wouldn’t it be great to know when financial crises are about to happen? That’s the idea behind a new warning model created by Japanese bank Nomura, with the somewhat unfortunate name Cassandra, given the Trojan priestess of Greek mythology was...
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