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Lenders target growing Hispanic homeownership market

Housing Wire

The new program and tool launches come as potential Hispanic home buyers face a tight housing market with historic low level of supply for affordable homes. CrossCountry, founded in 2003 by Ronald Leonhardt, has more than 8,000 employees with nearly 600 branches across 50 states. Presented by: Mortgage Coach.

Marketing 355
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The last time houses were this unaffordable was 2006

Housing Wire

Adjustable-rate mortgages, which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for borrowers in a challenging housing market. How lenders can continue to serve borrowers despite housing affordability challenges. Presented by: Finance of America.

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Nations Lending, Carpenter Realtors launch Commitment Mortgage

Housing Wire

Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We trillion in 2022, down from the previous year’s $4.4

Lending 334
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The risk of zero-down loans while the Fed talks recession

Housing Wire

Since many people think of housing as a wealth creator — and we want more Americans to have more wealth — then the government needs to make sure demand stays high enough for that wealth product to grow. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand.

Inventory 544
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Average U.S. 30-year mortgage rate rises from all-time low

Housing Wire

The 30-year rate has broken records nine times since March because of a Federal Reserve bond-buying program that has poured about $1 trillion into the mortgage markets. trillion in refinancings, the highest level since 2003 and more than double the volume seen in 2019, the mortgage giant said. trillion , boosted by $2.4

Mortgage 518
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. My comments: I find this post’s appraiser comments most interesting, especially those from VA appraisers who have been required to use the VA’s Tidewater Initiative, which started in 2003. baths, 9,470 sq.ft.,

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Local Markets: Louisville, Reno and San Diego

Housing Wire

Local markets is a HousingWire magazine feature spotlighting housing trends across the country. Affordable housing prices combined with a vibrant history and a thriving culinary scene have certainly made Derby City a popular destination for homebuyers. However, even Louisville’s active housing market has slowed down recently. “I

Marketing 376