Mortgage rates fall again despite militant Fed
federal Reserve Chairman Jerome Powell maintained a dovish tone during his speech at a press conference Wednesday afternoon — but it wasn’t enough to stop optimism seeping into the markets as mortgage rates fell to near 6%. “Inflation remains well above our long-term target of 2% in the 12 months ending December: overall PCE prices […]
FHFA first time home buyer mortgage rate discount: Explained
The first government relief program for first time home buyers is here. With mortgage rates at 20-year highs and home affordability deteriorating, the Federal Housing Finance Agency (FHFA) implemented conventional mortgage rate discounts for all eligible first-time buyers using Fannie Mae- or Freddie Mac-backed mortgages . This post covers all the details on the FHFA […]
10 rock-solid reasons why you should invest in land
I’ve said it before, and I’ll say it again: Vacant land Real estate is one of the world’s most overlooked and misunderstood investments. Whenever I tell people that I specialize in buying and selling land, I get Very blank stare. There seems to be a widespread (and incorrect) belief that vacant land is a “weak” […]
ICE Mortgage Technology Betting on Increased Sales for 2023
Intercontinental Exchange (ICE) Collateral Technology Recorded operating income of $57 million in 2022, down from last year’s $397 million – a reflection of the constraints facing the mortgage industry. The silver lining for the business was strong sales in its Encampus loan origination software system in the fourth quarter, executives said in its latest earnings […]
This Week’s $125 OddsPlus! The gift card winner is Michelle McCullough!
The last marketing material Mitchell ordered was the Panoramic Calendar (shown above). To see more designs, Click here. Congratulations, Michelle McCullough, on winning this week’s contest! Michelle from ProspectsPlus had the following words to say about her success in sending marketing! ,I started using ProspectPlus! To farm some areas and send Just Listed and Just […]
Apex Home Loans names Leo Anjoliga as SVP of Home Loans
Maryland based mortgage lender Apex Home Loan Leo Enzoliega as its Senior Vice President of Home Lending. In his new role, Anzoleaga will be tasked with generating more residential mortgage business, fostering business partnerships and improving the customer experience. “What I’m most excited about joining Apex is not only the opportunity to work with an […]
149: How Ray Zhang Became a Millionaire From a Homeless
REtipster features products and services that we have used, tested and think will be useful to you. If you buy something featured here, we may earn an affiliate commission. learn more. I recently got an email from a guy named Ray Zhang. He told me he had been a real estate investor for a few […]
PennyMac sticks to its strategy as the market continues to shrink
based in california Pennymac Financial Services The executives right-sized the company and invested in its servicing portfolio in 2022 amid a shrinking market. The company reported on Thursday that despite their efforts, profits still fell to $475.5 million last year, down from less than $1 billion in 2021. In Q4 2022, net income came in […]
Fence-sitting home sellers? Convince Them With the Latest Housing Market News
Think back to the days before you joined the real estate industry. Do You Really Understand How The Housing Market Works? Sure, there are economic geniuses among us, but many, many agent careers come from far away. It’s safe to say that teachers turned real estate agents didn’t have the time or energy to focus […]
Landlord Responsibilities: What to Know Before Renting
Rental housing laws exist to protect both landlords and tenants during the rental relationship. Both parties need a clear understanding of their rights and responsibilities under federal, state and local regulations. Rental property owners want to protect their assets and operate a profitable business. While tenants want to live safely and peacefully in their rental […]
