Lending is full of statistics. And originators follow many of them, looking for an edge in finding clients. Last year 27.1 million Americans moved, 80 percent within the same state and 20 percent interstate moves. This report showed Florida being the most moved-to state and California topping states for folks moving away from it. Originators also look for ways to add value to their clients. They might want to consider letting them know about Realm. (Nope, this is not a paid endorsement.) Homeowners often struggle to decide which upgrades will offer the biggest boost in property value. Realm helps by analyzing real estate, tax, zoning, and other data to offer recommendations after assessing the impact of different designs, materials, and financing options to calculate the return on, say, a kitchen renovation. Realm is free: A good price.  Lender and broker products & services Texas-based doc prep law firm Black, Mann & Graham, LLP recently upd
Sure, Fannie had $5.2 billion of net income in the fourth quarter of 2021, but money can’t buy you love. Love is more of a chemical reaction than a statistical study, but computers don’t deal so well with that. But stats will tell you that apparently the best place to find love is Buffalo, New York. Lending Tree released a report considering seven variables, including median single-person household income as well as the percentage of the population that isn’t married, or lives alone, to help determine which of the nation’s 50 largest metros are the best for single people. Rounding out the top five were Cleveland, Louisville, Detroit, and a tie between St. Louis and New Orleans. MLOs know that because single people often can’t rely on a “significant other” to bring in extra income, they need to take extra care that they’ve got enough money to make ends meet… or make a mortgage payment so areas with low costs of living can b
America's national debt topped $30 trillion for the first time, according to figures from the Treasury Department on Tuesday. Why might it matter for mortgage rates? When one combines a record amount of red ink, an aging population, elevated healthcare costs, and a tax system that doesn’t bring in enough revenue to cover spending, and a government that has become known for kicking fiscal cans down the road, well, you can see why there are worries about the long-term economic health of the country. Ignore at your own peril. Something else plenty of people ignore is climate change, natural or manmade, until it impacts their business model and profits. Mortgage analytics firm RiskSpan has collaborated with Verisk to create a first-of-its-kind solution for measuring and mitigating the risks of climate change to the housing finance industry. Dismiss the impact of climate if you like, but when leading insurance, re-insurance, corporate and government entities, and investors i