The release yesterday of FHFA’s report on Agency Guarantee Fees prompted some of the discussion here in Kansas City among mortgage folks about how challenging things have become, especially with rates and pricing. Sure, there are opportunities, but things are tough. Do you think your job is tough? How about this reporter’s? Do you think you’re good at your job, finding borrowers, processing loans, drawing docs, selling the loans, whatever? Really good? This video speaks volumes about someone who is really, really good at their job. Despite millions of millennials still needing affordable housing, many builders think things are tough. The NAHB Housing Market Index hit 33 in November. What does that mean? Builder confidence in the market for newly built single-family homes posted its 11th straight monthly decline in November, dropping five points to 33, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released yeste
Co-Issue, Cyber Security, Market Research, Broker Products; Jumbo and Non-Agency News
mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.
How to recruit & retain loan officers by fixing the appraisal process
housingwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from housingwire.com Daily Mail and Mail on Sunday newspapers.
Okay, tomorrow is a holiday for many, but let’s not forget those veterans during the rest of the year. (Warning: tissues required.) Switching gears 180 degrees, say hello to Nevada’s new state Treasurer. (Warning: rated PG?) Moving back to mortgages and real estate, as reported in the commentary, not only was Redfin (parent of Bay Equity) downgraded, but it is shutting its home-flipping business and has cut 13% of its workforce. Yesterday the commentary noted that, “The retail portion of Angel Oak Home Loans rumored to be heading to Cross Country, who just supposedly laid off 100 people in Colorado.” The report of the layoff is erroneous, and apparently sprang from a disgruntled employee. “Money can’t buy happiness. But poverty can’t buy anything, so get to work!” It certainly takes money to buy a house, and there is more below on home buying, but only 16% of respondents said that now is a good time to buy a home per Octoberȁ