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Housing Market Tracker: Spring inventory falls

Housing Wire

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Weekly housing inventory The numbers this week are unfortunate: inventory should be growing like it does at this time every year.

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HW+ Member Spotlight: Reina Ramos

Housing Wire

She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. While borrowers can shop online these days and follow an automated experience, it doesn’t equate to working with a seasoned professional loan officer and learning what to expect first-hand.

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Movement Mortgage lays off 170 employees

Housing Wire

Founded in 2008, Movement Mortgage focuses on providing loans quickly and easily to homebuyers, with a network of loan officers in more than 775 locations nationwide, and more than 4,500 employees, the company’s website shows. Movement did not respond to multiple requests for comment. Sound familiar?

Mortgage 440
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How the Fed’s rate hike will affect the housing market

Housing Wire

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. There’s still demand for homes, loan officers told HousingWire. “I

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

Housing Wire

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based They’re trying to protect their portfolios and make good loans. based think tank Urban Institute to hear their takes.

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ARMs race: adjustable-rate mortgages make a comeback

Housing Wire

But this year, as rates have crested 6%, about 70% of Neat’s originations are adjustable-rate mortgages, a product that until recently had fallen out of favor due to the role they played in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. . It’s not a bad thing for borrowers, lenders, and loan investors.

Mortgage 355
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Winners and losers of this volatile housing market

Housing Wire

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Even if mortgage rates are hovering in the 6% range, homes are still going to sell, loan officers said. The last two years have been good to Christian Dicker.