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Opinion: CoreLogic’s Selma Hepp on the effects of ‘pandemic migration’

Housing Wire

And while there are a host of factors that influenced migration patterns, including politics , monetary and fiscal policies of different regions, the increase and ability of remote work was a significant motivator for many households. but they get to enjoy the big-city benefits. cities, wage inequality and housing markets in general.

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Ron Terwilliger on how to make more affordable housing

Housing Wire

The unfortunate truth is that too many households lack sufficient income to cover their housing needs, a situation exacerbated today by high inflation. In many communities, lower-income households now find themselves competing with higher-income households for the limited number of rental homes. Low housing inventory.

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FHA or conventional? After LLPA tweaks, the calculus changes for some

Housing Wire

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. housing policy, it is being executed in a very complicated manner.

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Incoming data will dictate future mortgage rate shifts, experts say

Housing Wire

The Federal Reserve affirmed on Wednesday that its next key federal funds rate hikes will depend on incoming data. On Wednesday afternoon, mortgage rates for 30-year fixed-rate mortgages were at 6.43%, according to HousingWire’s Mortgage Rates Center. However, for now, they seem OK to pause here,” Mohtashami said.

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Mortgage industry provides commentary on CFPB’s proposed changes to QM loan definition

Housing Wire

In June, the bureau released two proposals regarding the QM Patch, which allows loans sold to Fannie Mae or Freddie Mac to exceed the 43% debt-to-income ratio the Bureau had established in its Ability to Repay/Qualified Mortgage rule. c) does not prescribe a specific monthly debt-to-income ratio with which creditors must comply.

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Help for troubled borrowers is on the way. But will it come soon enough?

Housing Wire

Since the pandemic first hit, the family’s annual income decreased from around $80,000 to $41,600, according to Wilen. While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. Jeffrey Wilen. But will end in December.

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Rate buydowns are the cat’s meow in today’s market

Housing Wire

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. We do a lot of buydowns, so we’re in the thick of buydowns right now,” Nunziata said. in year one, go to 5.2% in year three.

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