It is no secret that the housing market is suffering from an ongoing inventory drought. Existing housing inventory fell by 11,021 homes week over week for the week ending March 6, according to data from […]
Rocket Mortgage expanded its special-purpose credit program that will offer a $3,000 credit for first-time homebuyers to use toward their downpayment in select cities. The Detroit-headquarterd lender will offer Freddie Mac‘s BorrowSmart Access program for […]
The House Financial Services Subcommittee on Financial Institutions and Monetary Policy announced this week that it will hold a hearing on ways to reform the Consumer Financial Protection Bureau (CFPB). The hearing, “Consumer Financial Protection […]
Cloud-based mortgage CRM OptifiNow has launched a version of its CRM platform called OptifiNow Flex, which is designed to support multi-channel mortgage teams. The product aims to unify workflows for wholesale, retail, reverse mortgage, recruiting […]
The US economy may still be running fast and strong, but its risk of suddenly falling into a recession still looms large, despite the Federal Reserve’s efforts, former Treasury Secretary Larry Summers warned Monday. Summers told […]
The writer is chief market strategist for Europe, Middle East and Africa at JPMorgan Asset Management A slew of economic data has recently surprised to the upside. According to the purchasing managers’ index for the […]
Markets remain dicey during early Tuesday as traders await the key Testimony from Federal Reserve (Fed) Chairman Jerome Powell, especially due to the challenges for the Fed’s hawkish monetary policy caused by the recently mixed […]
NEW YORK, March 7 (Reuters) – Spooked by a flurry of hotter-than-expected U.S. economic and inflation data last month, investors are reviving trading strategies that bet on a higher peak in interest rates. The recalibration […]
While some states have higher property taxes than others, it is good news for homeowners that there are 23 states in the US with property tax rates below 1.00%. Property tax is a real estate ad-valorem […]
The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive […]
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