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Opinion: How GSE reform could create a healthier housing market?

Housing Wire

Without a national market, local supply and demand for mortgages could become unbalanced. The mortgage markets of 2007 and 2020 remind us that there is no durable mortgage market without federal backing (including the banking system). Nongovernment-backed lending disappeared in both cases virtually overnight.

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What would it take to crash the housing market?

Housing Wire

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. million — once that happens, I can take the unhealthy label off the housing market.

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Some mortgage companies expanding despite challenges

Housing Wire

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Geneva Financial, founded in 2007 by Aaron VanTrojen, has more than 130 branch locations in 46 states, according to the firm.

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A housing boom doesn’t portend a bust

Housing Wire

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022.

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Fed pauses rate hikes in June. But how long will it last?

Housing Wire

The Federal Reserve (Fed) maintained the federal funds rate in the 5% to 5.25% range on Wednesday, following 10 consecutive hikes that brought rates to a level never seen since 2007. However, 60% of these investors bet officials will impose a rate hike at the July 26 meeting. What’s next?

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Private-label RMBS deals continue their hot streak

Housing Wire

Non-QM mortgages include loans to the self-employed, such as small-business owners or gig workers, and other borrowers who fall outside the box of agency lending guidelines.). Six non-QM private-label securitizations backed by 4,600 loans valued at $2.8

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Market for private label securities projected to shrink in 2022

Housing Wire

It also concludes existing market conditions are likely to decease the “attractiveness of PLS as a financing outlet.”. Investors are not jumping to buy [PLS] bonds backed by [lower-rate] coupons that can’t even cover the coupon [rate investors demand] on the bonds,” Lind, from Acra, explained.

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