At the beginning of 2020, the markets were trucking along just fine until we learned of a new novel virus that would go on to change nearly every facet of our lives. For many, the allure of small-town life became ...
Read More »CFPB Takes Aim at Anti-Discrimination Practices
Targeting unfair discrimination in consumer finance, the CFPB vows to take action against financial institutions that engage in discriminatory conduct.
Read More »Navigating the Housing Market Frenzy
According to a new report from Redfin, some 60% of homes that went under contract during the four-week period ending March 6 found a buyer within two weeks—an all-time high—which appeared around the same time as supply declined to a ...
Read More »Federal Reserve Increases Interest Rates
The Federal Reserve raised the nominal interest rate on Wednesday, for the first time since 2018, citing factors such as surging inflation and the growing military conflict in Ukraine.
Read More »Single-Family Rent Prices Hit Historic Highs
CoreLogic released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. Single-family rent prices experienced extensive growth during 2021, increasing an average of 7.8% compared to 2.6% in 2020. But the ...
Read More »Inventory Down, Prices Up in Vacation Hotspots
According to a new report from Redfin, demand for vacation homes fell drastically in February, with mortgage-rate locks for second homes reaching their lowest level since May 2020. Demand was still up 35% from pre-pandemic levels, but significantly lower than ...
Read More »Breaking Down Mortgage Costs
As anyone who has bought a home knows, a mortgage payment has many different components that pay many different things—and these costs can be easily ignored, looked over, or just flat-out misunderstood by even the savviest buyers. Fannie Mae has ...
Read More »HUD Earmarks $2.6B+ to Fight Homelessness
The nationwide grant includes approximately 7,000 new and renewed grants aimed at assisting individuals and families experiencing homelessness move into permanent housing with access to supportive services.
Read More »Four Tips for Effective Mentorship
Kristy Folino of ServiceLink examines the importance of paying it forward to the next generation of mortgage industry leaders and the lasting impact of mentorship.
Read More »Bidding War Competition Heightens
Experts say bidding wars are likely to remain commonplace, as cash offers are becoming an effective strategy to buy a home with multiple offers.
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