Highlights and Low Points in Real Estate for the Week of September 15-18
Explore new legislation aimed at affordable housing, insights from Treasury Secretary Bessent, and Robert Redford’s influence on Utah real estate.
The Importance of Non-QM Loans in the Mortgage Industry Landscape
Explore the growth of the non-qualified mortgage market and its impact on private lenders through key performance metrics released by credit ratings agencies.
Michigan initiates pilot mortgage program to boost homeownership in Detroit.
Discover a new mortgage product offering qualified borrowers up to 40% of a home's purchase price in down payment assistance, enhancing affordability and access.
Mortgage Rates Surge in Response to Fed Rate Cut and Powell’s Comments
Mortgage rates increased by 15 basis points following remarks from Fed Chair Jerome Powell at a recent press event, signaling potential market shifts.
Lenders’ Adaptation to Federal Reserve’s Indications of Lower Rates
Mortgage lenders are adjusting strategies in anticipation of Federal Reserve easing, introducing rate promotions, optimizing operations, and expanding product offerings.
California Home Sales and Prices Expected to Increase in the Future
Housing supply is set to improve, with active listings climbing nearly 10%. Explore insights on market conditions influencing sales and prices.
Credit Union ONE Completes Acquisition of Icon Mortgage
Credit Union ONE will retain all Icon Mortgage employees, continuing operations as a distinct mortgage lending affiliate to enhance service offerings.
Jason Waugh of Coldwell Banker advises agents to adapt in a changing market.
Waugh highlighted that historical downturns in the housing market typically endure three to four years, referencing trends from the 1980s, 1990s, and 2008.
Optimal Timing for Home Purchases: Benefits for Buyers in Mid-October
Buyer activity may increase as active listings rise, while home prices are expected to stabilize, providing potential opportunities for private lenders.
Supreme Lending introduces HOMESÍ, a division for Latino homeownership.
Supreme's president, Scott Everett, highlights Texas as its home state, noting the significant Hispanic or Latino population, emphasizing market opportunities for private lenders.