Why higher mortgage rates mark a return to normality
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Loan Level Price Adjustments (LLPAs) are additional fees implemented by the Federal Housing Finance Administration (FHFA) on certain types of mortgage loans. These fees are designed to account for the increased risk associated with certain […]
Debbie Bloyd is a contributing author to Weekly Real Estate News and can be contacted at 469-768-0337 or [email protected] What do agents need to have this year? A great mortgage lender that they can call or […]
In a single moment, the fees for a vast majority of new mortgages in the US have changed. In some cases, the changes are drastic, both for better and worse. Let’s break it down. What […]
The Federal Housing Finance Agency (FHFA) on Thursday announced that it would be reducing the fee on commingled universal mortgage backed securities from 50 basis points to 9.375 basis points, eliciting cheers from the mortgage […]
When industry veteran Michael Strauss abruptly shut down Long Island-based Sprout Mortgage in early July, there was uproar. Shocked employees didn’t receive their last paychecks. There were no severance packages, and even health insurance was […]
High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a […]
Declining mortgage rates spurred the demand for home loans at the beginning of 2023, spreading optimism across the industry. But that’s not the only reason for the uptick. After months of a slowing housing market, […]
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