If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. That’s the consensus forecast of a panel of non-agency industry experts who spoke at […more]
A true “air bee and bee”. READ MORE…
The Community Home Lenders Association (CHLA) sent a letter, signed by 41 independent mortgage banks, to the Federal Housing Administration (FHA) on Wednesday urging the administration to cut mortgage insurance premiums. The letter, which includes signatures from South Carolina-based Movement Mortgage, Cherry Creek Mortgage, Texas-based Thrive Mortgage and Draper & Kramer Mortgage, advised the FHA […more]
Madison-based Fairway Independent Mortgage Corp. appears to be the latest mortgage lender to cut jobs due to the challenging origination market, showing that surging mortgage rates and home prices are now affecting companies with a high share of purchase loans in their portfolios. Fairway staff across the country received phone calls last week from their […more]
The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million, with double-digit home-price growth driving a housing market that is still savagely unhealthy. However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. This is something […more]
They’re affordable, too! READ MORE…
What’s really caught the attention of buyers in this neighborhood of bungalows is a full pub out back in what used to be a carriage house.
The fragrance once had an 8,000-person waitlist! READ MORE…
Another annual event is set to come back after a two-year hiatus: The return of the New York Transit Museum’s nostalgia rides will allow straphangers to once again hop aboard vintage subway cars for trips during the summer. There are routes from Manhattan to the Bronx and Queens but the… Read More > The post […more]
Tired of the chaos on your counters? Try this. READ MORE…