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Developing a lending strategy for rising mortgage rates

Housing Wire

In fact, the largest home purchase year in this nation’s history was 2005 when rates were near 7.5%. The post Developing a lending strategy for rising mortgage rates appeared first on HousingWire. Mortgage rates have never been this low and yet through previous cycles home sales have continued.

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MC Mortgage Group joins UMortgage platform

Housing Wire

Patrick Stoy , president of MC Mortgage Group, established the brokerage in 2005 and brings with him 24 years of experience in the housing industry. MC Mortgage Group, a mortgage brokerage based in Wilmington, North Carolina, serves homebuyers across North and South Carolina.

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The new home sales recession continues

Housing Wire

Census Bureau and the Department of Housing and Urban Development. can’t have a credit sales boom like we saw from 2002-2005. This means we won’t be working from record-breaking demand of high sales like we did at the peak of 2005. This is 12.6 percent (±16.9 percent)* below the revised June rate of 585,000 and 29.6

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Cenlar FSB promotes leaders in wholesale bank division

Housing Wire

Austin, who joined Cenlar in 2005, will be responsible for managing and mitigating default costs for the wholesale bank’s loans and mortgage servicing rights (MSR) portfolio. Watson, who has been with Cenlar since 2016, previously held the role of senior pricing analyst and is a graduate of the Cenlar Leadership Development Program. “I

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Opinion: Setting the record straight on mortgage pricing

Housing Wire

As the FHFA pointed out, the current grids were developed some time ago and might reflect mortgage performance from a less benign economic environment than today. If so, the current curves would tend to be steeper if this were the case. Second, the changes will differentially affect borrowers as described above.

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How home-price growth has damaged the housing market

Housing Wire

I developed a specific home-price growth model for the years 2020-2024 which said that if home-price growth grew at 23% for five years we would be fine, with total housing demand —both new and existing homes together — getting to 6.2 Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. million or higher.

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New home sales defy recession calls

Housing Wire

Census Bureau and the Department of Housing and Urban Development. As we can see in the chart below, new home sales aren’t booming like what we saw at the peak of 2005 but are getting back to trend sales growth from the bottom we saw when rates got 5% in 2018. This is 12.2 percent (±12.8 percent (±15.5 This represents a supply of 6.7