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Mortgage Industry Trends

Things Are Looking Up for Housing

Lately, most of the reports concerning housing and mortgage lending have to do with the rise in mortgage rates since the election. Many believe that this may derail any potential housing recovery. It seems that prediction may be a little premature. One of the challenges facing housing is the shortage of homes for sale, especially at the affordable end. This…

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Mortgage Industry Trends

A Softer, Kinder DOJ

Here is some good news about the new administration.  The word on the street is that the Department of Justice is in the process of dismantling their multi-agency task force put in place to seek out potential legal actions against lenders under the False Claims Act. The reason being is that President-elect Trump will be nowhere near as aggressive in…

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Uncategorized

‘Black Friday’ Roots in Philly

I hope your Thanksgiving Day is full of fun, family, and football. It’s all about tradition. Although there is some disagreement on the holiday, what is meant to represent and how it was first celebrated, it’s still a tradition of people getting together to share some food and good times. What can be better? The History of Thanksgiving Thanksgiving was…

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Mortgage Industry Trends

Mortgage Lenders Doing Their Part for the Economy

Looking back, non-bank mortgage lenders increased hiring in September, adding 2200 full-time employees to their payrolls. That’s a big jump from the 900 additions in August.  These new employees were all part of an overall rise in September employment to 315,000 new jobs, the highest increase since 2008. Looks as though things may be looking up after all. Strange though…

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refi-boom-over
Mortgage Industry Trends

Could It Be The End Of The Refi Boom?

According to all the so-called experts and conventional wisdom, interest rates are on the rise because Donald Trump’s was elected to be the next President of the United States. We’re already seeing a sharp decline in refinancing activity and a drop in home sales. This is all because rates jumped up about 20 basis points in the last week. OMG,…

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