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Consumers more confident about making mortgage or rent

Housing Wire

Although many homeowners and renters continue to feel the economic pressure of the pandemic , they’re growing more confident that they can pay their rent or mortgage, according to the latest consumer confidence survey by Freddie Mac. For the year, 45% expressed concern they wouldn’t make the rent or mortgage.

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Experts optimistic about home sales in 2021

Housing Wire

Realtor.com’s Housing Market Recovery Index showed significant contract growth, specifically in Portland, Las Vegas, Denver, Los Angeles, and Boston. Real Estate Tech Demo Day. Tune in February 9th to experience demos from the most innovative real estate technology solutions. ” Home prices soared 9.5%

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Mortgage industry encouraged by Fed’s dovish approach

Housing Wire

Mortgage rates have increased roughly 50 basis points in the first few months of 2021, in no small part due to fears that inflation will rear its ugly head as the economy rebounds. But the Federal Reserve is staying the course, maintaining the low-rate environment that gave rise to the best year for the mortgage industry in history.

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Fudge won’t cut mortgage insurance premiums

Housing Wire

Housing and Urban Development Secretary Marcia Fudge put an end to speculation that the agency would move to reduce the Federal Housing Authority ‘s mortgage insurance premiums by 25 basis points. Mortgage Tech Demo Day.

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Loan officers made insane money in Q4 2020

Housing Wire

Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years. Mortgage Tech Demo Day.

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Delinquency rate rises for first time in 9 months

Housing Wire

After eight consecutive months of improvement, the national mortgage delinquency rate rose in February from to 6% from 5.85%, according to a report from Black Knight on Tuesday. Mortgage Tech Demo Day. Tune in April 6 to experience demos from the most innovative loan origination and valuation tech companies in the industry.

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Laura Brandao to speak at HW Annual Sept. 27-28

Housing Wire

One of the biggest challenges facing the mortgage industry is increasing homeownership in underserved communities. The panel will explore how the mortgage and real estate industries can responsibly expand homeownership to individuals and communities that are currently under-represented. Find out all the details here.