The Federal Reserve (Fed) on Wednesday did something it hadn't done in more than two decades: it raised the federal funds rate by 75 basis points, to 1.50-1.75%, a hike not seen since 1994.
June 16, 2022
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The Federal Reserve (Fed) on Wednesday did something it hadn't done in more than two decades: it raised the federal funds rate by 75 basis points, to 1.50-1.75%, a hike not seen since 1994.
The markets have been shaken to the core. And it's led to several sleepless nights for mortgage loan originators and mortgage executives. Here's how they're handling life at 6% – and what they expect will happen next.
Join this FREE webinar hosted by DataVerify on 6/21/22 to gain greater insight into the condominium lending environment and post-guideline changes as well as how you can access simple, efficient solutions with CondoTek™.
HousingWire recently spoke to Mike Darne, Vice President of Marketing for CreditXpert, who said focusing first on the borrower's credit holds the key to winning business that other lenders won't even see.
Attract and build relationships with potential borrowers by helping them understand the homebuying process. MGIC's free seminar kit includes everything you need to host your own educational event in person or online, in English or Spanish.
The healthy volume of SFR offerings over the first half of 2022 is being fueled by a strong SFR market resulting from fast-rising interest rates and tight housing supply. Those dynamics are making it much harder for many to purchase homes, helping to expand demand for rental properties, triggering fast-rising rents.
Appraisals. Credit checks. First month's payments. Nexus Pay gives you the power to manage customized payment requests without leaving the SimpleNexus platform. Watch the webinar
Self-employed borrowers often face certain disadvantages when applying for a loan such as verifying income with tax returns rather than using business cash flow. While most companies only offer 12 or 24-month bank statements to qualify, Acra Lending also offers a 3-month bank statement program. Learn More
How are the best producers boosting their marketing efforts? Join Mitch Kider, Barry Habib, and Melissa Thomas for a FREE webinar, Using Social Media to Increase Purchase Business While Staying Compliant, on 6/24, 12 PM EST. Register here.
It wasn't so long ago that the housing market was characterized by YOLO, FOMO and 200-person deep lines at open houses. But a gradual slowdown that culminated in seismic shocks to the economy over the past week has changed the game for real estate agents and their clients. Here's how they're navigating the choppy waters.
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