Be a voice, not an echo.
by confoundedinterest17 Wake up. Time to buy? This is a time even unlike the disastrous housing bubble of the 2000s that led to the financial crisis and Great Recession. Even during the housing
United Wholesale Mortgage’s announcement comes only about six weeks after it said it would begin offering a crypto payment option via a pilot program. United Wholesale Mortgage, the second-largest mortgage
If your mortgage is $1,500/month and you earn $1,500/month, your house is free. t.co/X1WioMDQrQ — Jon Gabriel (@exjon) September 28, 2021
by confoundedinterest17 I call this “lending into the storm.” A national mortgage lender has just introduced a 105 Loan-to-value (LTV) ratio loan and a lowering of FICO scores from 660 to 620.
A Long Island man who hasn’t paid his mortgage in 23 years doesn’t qualify for pandemic housing protections because he’s been staying in the home illegally, a judge has ruled.
by confoundedinterest17 Even though home prices are skyrocketing (Case-Shiller 20 up 19% YoY in June), mortgage purchase applications are not growing at the speed of home price growth. Some of it
The housing market euphoria seems to have gone too far and now it is flashing a danger signal, indicating that inflated home prices are at risk of facing a sharp
by Shaun Richards We arrive at the latest money supply, mortgage and unsecured credit numbers just as we get a reminder of ch-ch-changes in a major area. This is a
by confoundedinterest17 There is an interesting paper by economists in The Federal Reserve System entitled “Fed’s Mortgage-Backed Securities Purchases Sought Calm, Accommodation During Pandemic.” W. Scott Frame, Brian Greene, Cindy Hull and
by confoundedinterest17 Mortgage applications increased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 20,
When China Guangfa Bank Co successfully applied to freeze $20 million in bank deposits and assets associated with China Evergrande, it was big news in the boardrooms, offices and around
United Wholesale Mortgage announced plans this week to accept cryptocurrency for home loans, in an apparent first for the national mortgage industry. The company hopes to start accepting bitcoin in
by confoundedinterest17 Headline! “Fed’s Kaplan says delta variant could cause him to rethink his tapering view” Face it, the Federal Reserve may alter its growth path on asset purchases of Treasuries
by confoundedinterest17 From Phil Hall at Benzinga: United Wholesale Mortgage UWMC has announced plans to become the first national mortgage lender to accept cryptocurrency for home loans. What Happened: CEO Mat Ishbia previewed the Pontiac, Michigan-based
by confoundedinterest17 (Bloomberg) — Last week was notable for the tsunami of agency mortgage bonds offered to the Federal Reserve during its routine purchase operations on Friday. The central bank’s quantitative easing schedule called for it
by confoundedinterest17 Mortgage rates in the U.S. surged to the highest level in a month. The average for a 30-year loan was 2.87%, up from 2.77% last week and the highest since July
by confoundedinterest17 Simply unaffordable is what singer Robert Palmer would say. Homes, that is. Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA)
This should drag it out another 20 years A New York man has claimed he has COVID-19 in his latest bid to avoid evicting from the Long Island home where
by confoundedinterest17 There is good news from Freddie Mac today. Their 30-year mortgage commitment rate fell to 2.77%, the lowest in almost six months. The bad news? Consumers are going to
by confoundedinterest17 Things have not been the same since the Covid outbreak in early 2020. And that includes mortgage refinancing. As The Fed poured on the gas to the economy, mortgage