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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?

Mortgage 378
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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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Rumors of Credit Suisse’s death are greatly exaggerated  

Housing Wire

Still, the global lender’s market capitalization is at about half of what it was at the start of the year and its earnings for the first half of the year are in the red. Adding to the global lender’s woes this week was investor speculation on social media questioning the bank’s stability. We believe the U.S.

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Why home-price growth is still up 18% year over year

Housing Wire

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Nor can we ever have a credit sales boom again with lending standards back to normal. Case in point, purchase application data is already below 2008 levels today.

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How LOs are dealing with a mortgage rate lockdown

Housing Wire

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. According to Mohtashami, the country has been experiencing a “ savagely unhealthy housing market ,” with inventory levels at around 1.16 million, below the 2019 range of 1.52 million to 1.93

Mortgage 381
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Non-QM lenders are back. But will brokers pick up the phone?

Housing Wire

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. Liquidity had dried up and bond investors were running for the hills. But when the credit markets seize up and liquidity stops, all of the sudden we went to maybe a low of 85 or 88 cents on the dollar.

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