Today I head to Phoenix area for the AzAMP annual conference, and am reminded that, “Change is inevitable, except from a vending machine.” The mortgage industry is constantly changing, although Freddie and Fannie have been a somewhat stabilizing influence. But explaining to someone not in the mortgage business what they, the government sponsored enterprises (GSEs) do, is not easy, but in another one of his Mortgage Musings, attorney Brian Levy offers his thoughts on 15 years of being in conservatorship and whether that means it’s time to drop the “S” in GSE. Let’s just hope they don’t become another Amtrak. (Sign up for Musings here.) One topic that has come up at a few conferences, besides Agency buybacks, is demand for “LIP” and “VLIP” borrowers. Are F&F pushing hard for Low Income Purchase and Very Low Income Purchase business, and requesting high percentages of those products with the “t
Will Jordan, executive director of the Metropolitan St. Louis Equal Housing and Opportunity Council, and Nate Johnson, the president of the organization’s board of directors, discuss the role Realtors play in increasing Black homeownership in St. Louis.
On "American Dream Home" on Fox Business, Cheryl Casone introduces viewers to a man in St. Louis who wanted a peaceful country retreat even amid today's record housing prices and bidding wars.
The St. Louis Realtors Association will host an expo to provide Black families with the information needed to purchase a home. Attorneys, Realtors and bankers will discuss estate planning, credit repair and budgeting.