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Mortgage market affordability and inventory challenges

Housing Wire

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

Inventory 388
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Are 1970s inflation and mortgage rates possible?

Housing Wire

So, what should we take away from this number, seeing that market participants are still worried about 1970s inflation and some don’t want to see any rate cuts this year? But what about the 1970s inflation that led to 18% mortgage rates in the early 1980s? You can say that the tight labor market that pushed up wages is cooling off.

Mortgage 475
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‘It’s scary out there’: Mortgage industry reacts to cyberattacks

Housing Wire

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. But they acknowledge that they keep a vast amount of customer data and some players may be vulnerable amid a shrinking market.

Mortgage 367
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Opinion: From Lehman to a digital housing platform

Housing Wire

The great financial crisis (GFC) revealed a defective supply chain, metrics unable to assess local risk and markets incapable of answering Ben Bernanke ’s defining question – “what’s this stuff worth?” Investors require assurance that a file, note or instrument reflects the verifiable intentions of the committed parties.

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The mortgage industry is ripe for blockchain in 2021

Housing Wire

The next time you apply for a mortgage, or your lender services that loan or sells it on the secondary market, you might be helping to disrupt an industry. But blockchain is also being increasingly adopted by tech companies in the mortgage space seeking to revolutionize and disrupt the industry. Friedman HW+ Columnist.

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Mortgage rates grow at fastest pace since 1994

Housing Wire

Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation , the war in Ukraine, and disruptions to the supply chain. Another index shows mortgage rates even higher. Mortgage rates have increased 1.5

Mortgage 379
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Pulte Group thrived in 2021, but it’s not celebrating

Housing Wire

On the other hand, they will not have the materials, labor, or efficient supply chain processes to meet that demand. Given an opening on the call by Truman Patterson, an analyst at Wolfe Research , to give investors hope things will get better, Marshall stuck to a subdued point of view. Well, Truman,” Marshall replied. “I