Kim Smith Discusses SmartFi’s Approach to Expanding the Reverse Mortgage Market
Discover how lenders can enhance growth by empowering loan officers with the necessary tools and education to successfully offer reverse mortgages to clients.
Home sales show improvement, but higher rates are dampening demand.
Spreads remain at 1.94%, supporting rates under 7%. Purchase applications show a 0.2% year-over-year increase, while pending sales stabilize.
NRP Group Introduces Affordable Housing Community in Orlando Region
Discover a new affordable housing community in Orlando, catering to families earning 30%-70% of the Area Median Income, enhancing local housing options.
Four strategies for originators to succeed in the current market.
In a higher-rate market, originators adapt by targeting niche segments like self-employed borrowers and leveraging HELOC and non-QM options with proactive AEs.
Mortgage Applications Increase by 1.9% Amid High Interest Rates
Mortgage applications saw a 1.9% increase, driven by a 6% rise in purchases, despite the 30-year conforming rate reaching 6.69%. Insights for private lenders.
Texas Home Prices Stabilized in the Second Quarter
Texas experienced a surge in closed sales this quarter, led by significant growth in Eagle Pass, Odessa, and Tyler. Explore the stability of home prices.
Investors Increase Home Listings Post-ROAD to Housing Act, Local Impact Likely
Institutional investors have significantly increased their listings of single-family rental homes, more than doubling since early February, highlighting market trends.
FHA Introduces Partial Claim Model Eliminating Subordinate Liens
Federal Housing Administration's proposed Reinstatement Advance Payment structure aims to streamline documentation and servicing for partial claims and payment supplements.
Preparedness for the Next Housing Downturn Remains Lacking
Pandemic-era forbearance and modifications were sustained by servicer liquidity from refinancing. A downturn may necessitate new liquidity measures to safeguard servicers and borrowers.
Potential Impact of Iran Conflict on Mortgage Rate Increases
As the 10-year approaches 4.60%, rates may reach 6.75%, with improved spreads indicating a potential ceiling around 7.25% for private lenders.