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The worst for mortgages may be over, but younger borrowers still face affordability challenges

Housing Wire

The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell. If home prices and lending costs moderate in 2024, significant demand could flow into the market.

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ARMs race: adjustable-rate mortgages make a comeback

Housing Wire

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years. The mortgage industry is different from 14 years ago. in 2005, the MBA said.

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Opinion: FHA should lower Mortgage Insurance Premium

Housing Wire

Written by an independent third-party auditing firm, the study produces a net present value of the total FHA forward and reverse mortgage portfolios. Just look at HUD’s own data on FHA lending: 1. The post Opinion: FHA should lower Mortgage Insurance Premium appeared first on HousingWire. What is the capital reserve ratio?

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What the Biden tax plans mean for the housing market

Housing Wire

An industry concern during the debate on the bill related to a provision which would have eliminated the tax deferral on the creation of mortgage servicing rights (MSRs). While each of these items have potentially important impacts on the housing and mortgage markets, I am going to focus on just a few.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

The lender, whether it be a bank, mortgage company, credit union, or other financial institution will provide the buyer with the funds through a mortgage to pay for the house. Related posts: The Pitfalls of Outlier Sales in Pricing a Listing What is bracketing and why should Realtors do it?

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2024 Bidding Wars – How to Strike and Win

Lamacchia Realty

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. They should be well known, respected among agents in the area, and highly specialized in mortgage lending. Speak with your lender to determine the earliest mortgage contingency date.

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Appraising Fixer Uppers

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on liability, appraisal errors, non-lender appraisals, Fannie non-appraisal options, unusual homes, mortgage origination stats, etc. Appraisers sought to bracket the subject using three comparable sales.