‘Not HELOC. Not piggyback.’ Freddie Mac exec defends new product proposal amid resistance
“What we are bringing forward, called closed-end second lien, assuming a FHFA approval, will provide them an alternative to the cash-out refi,“ he...
“It seems impossible:” Bergen County, NJ’s housing market is vexing agents and buyers
Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high...
Why your LOS isn’t delivering a bespoke borrower experience (and what to do about...
In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” Regardless of...
Mortgage rates continue trending down before Christmas
Mortgage rates stayed below 7% for the second week in a row, a welcome relief after a 17-week streak of above-7% rates. This...
Sens. Klobuchar, Kaine reintroduce bill to create housing policy plans, boost supply
Democratic Sens. Amy Klobuchar (Minn.) and Tim Kaine (Va.) have reintroduced their Housing Supply and Affordability Act to the U.S. Senate in the...
Opinion: Real estate brokers, you don’t need leaders who are your clones
The journey to becoming a great leader often hinges on one fundamental principle – helping others discover and embrace their true selves. As...
Expect the growth rate of existing home prices to cool down this year
From NAR: The median existing home price for all housing types in April was $407,600, an increase of 5.7% from the previous year...
Are mortgage rates about to break out higher again?
Mortgage rates and the 10-year yield
The 10-year yield is the key for housing in 2024. In my 2024 forecast, I put the 10-year...
Homebuyers hit the brakes, causing unseasonal growth in inventory
https://www.youtube.com/watch?v=CebIuH3MRFo
Available inventory of unsold homes rose by 1.8% this week. It’s quite clear that homebuyers have hit the brakes waiting to see if...
Glenn Kelman says Redfin has ‘very good defenses’ for commission lawsuit
Redfin executives were happy to discuss commission lawsuits during their firm’s third-quarter 2023 earnings call with investors and analysts Thursday evening, just not...
