There is serious talk of a potential rate hike coming as soon as September. Hey, that’s less than a month away, and signals the end of the summer. Bummer! Insiders believe the chances of this rate hike are running at just above 50% (Rates). Wait, that also means there’s about a 50% chance that rates won’t rise. What do you…
Not according to a recent study done by the McArthur Foundation. According to their findings, many Americans believe we are still in the throes of a housing crisis (Crisis). This coupled with a recent study done by the Urban Institute indicating that homeownership rates will continue to decline into 2030 (Declines), doesn’t bode well for mortgage lenders. As my grandfather…
Have you heard the one about how the economy continues to improve yet you still can’t find a decent job? Well this is a little like that. Fannie Mae’s recent survey revealed that many homeowners believe now is a good time to sell (Seller’s Market). At the same time, the Wall Street Journal issued an article citing some information saying…
A major challenge ahead for the market is the transition central bankers policy. A few years ago the G-20 was fairly much in sync on their plan for aggressive stimulation, specifically quantitative easing (QE). The difficulty for some was determining how and how much. Now, the disparity of policy is larger because some have little left in their arsenal to…
The Consumer Financial Protection Bureau issued Bulletin 2015-02 (Section 8 HCV) advising lenders of the pitfalls of excluding a consumer’s income derived from assistance received under the “Section 8 Housing Choice Voucher Homeownership Program” (now there’s a mouthful). They also highlighted information on their website for consumers that it is illegal for lenders not to use this voucher income (CFPB…
