Mortgage Industry Takes Another Stand Against FHFA’s DTI Fees
There has been a delay, but it hasn’t been enough for the mortgage industry. In a blog post published on Thursday, mortgage bankers association (MBA) President and CEO Bob Brockschmidt made the case that federal housing finance agencyThe (FHFA) loan level value adjustment (LLPA) related to a mortgage borrower’s debt-to-income (DTI) ratio is impractical and […]
Restb.ai to integrate with Black Knight
Real estate focused artificial intelligence firm Restby.AI strategic alliance with black Knight, according to an announcement on Monday. Through this new partnership, all Black Knight Paragon MLS Platform users will have access Restby.ai MLS Product SuiteBecause it will be integrated into Paragon. With Restb.ai, Paragon users will now have the ability to automate listing creation […]
Opinion: The Power of Saying No in Business
I have often found that where technology and financial services come together, they are not necessarily the same. So, shouldn’t we learn to make them happen productively? Saying no is an imperative – or rather, it should be. Anyone who’s tried to adjust to saying ‘yes’ all the time can tell you that it’s impossible […]
UWM workers allege racial disparities, sexism and bullying: Bloomberg
more than two dozen current and former composite wholesale mortgage (UWM) employees say the wholesale lender has fostered a toxic work environment with allegations of racial disparities, sexual harassment, drug use and intimidation by managers. Bloomberg on Wednesday. None of the workers interviewed said CEO Matt Ishbia used racial slurs or sexually harassed employees, but […]
UWM revives its traditional 1% mortgage loan program
top wholesale lender composite wholesale mortgage (UWM) is again ramping up efforts to capture more market share at the cost of potential profits. On Wednesday, the Detroit-based lender announced it is reviving the traditional 1% down loan option, which allows homebuyers to purchase a home with as little as 1% down payment. Known as the […]
New data reveals changing preferences of borrowers
The current housing market is hard to describe, hard to predict and difficult to navigate for borrowers, renters and lenders alike. The latest numbers are mixed. New data released at the end of March 2023 shows that US home prices – as measured by the seasonally adjusted case-schiller The Home Price Index – fell for […]
Inflation eased further in March, but shelter costs still high
Consumer price growth cooled further in March, which is welcome news for federal Reservemade the daunting choice of continuing with its federal funds rate hike despite failures at its March meeting Silicon Valley Bank And signature bank, consumer price Index (CPI) rose 5.0% in March before seasonal adjustments from a year ago, a dramatic decrease […]
meet recycled home
in this article This recycled home is made from materials that previously had other uses. This is not only an eco-friendly idea, but also a money-saving one. Part riverboat, part army barracks, all cool! If you are thinking of developing or just setting up your dream home, you can get the plans at Cool House […]
A note to you crappy real estate agents out there
in this article Have you looked into realtors? Good!I am not accusing all agents of being shoddy, but there are some of them who are giving a bad name to the rest! In the current real estate climate where vacant homes line our neighborhoods, a bunch of unscrupulous real estate agents control our futures. These […]
Why should lenders ask for title check on loan application?
spoke to HousingWire in December fluid about the concept of instant title And why it’s a misnomer for mortgage lenders. As a follow-up, HousingWire sat down with Peter Richter, co-founder and president of Fluid, to discuss why mortgage Lenders should be asking for quick, data-driven Topic To understand and verify what is happening with a […]
