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The cyclical nature of the mortgage industry

Housing Wire

It’s true for the mortgage industry and especially the long-term strategies we’ve developed to react to the current low-rate environment brought on by a global pandemic. While much of the mortgage industry fixated on low mortgage rates the past year, it’s important to understand the anatomy of what drives rates.

Mortgage 228
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The End of Lender Appraisals?

Appraisal Today

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting.