Zillow Forgot One Important Thing About Mortgage Lending

Zillow announced it was entering the mortgage business. That came shortly after they announced they were getting into buying and selling houses. Investors looked at the plan and Zillow stock tanked. Why? Mortgage lending can be lucrative, but in order to succeed, it needs to be done correctly. You need to invest time and energy [...]

By |2018-08-16T15:30:43+00:00August 17th, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

Fast Facts About the Housing Market: June 2018

In June, the National Association of Realtors saw the median existing-home price for all housing types hit a new all-time high. Sales, however, continued to decline — they're down 2.2% from a year ago. This discrepancy between prices and sales is a clear reminder that we're in the midst of an inventory shortage and affordability [...]

By |2018-08-08T15:20:08+00:00August 10th, 2018|Categories: Advice, Loan Officers, Mortgage, Real Estate Agents|Tags: , , , , , |

Signs of a Slowing Housing Market and Revisiting Flood Maps

A Focus on Training Skilled Laborers President Trump recently signed an executive order that has many companies and trade groups committing to training 3.8 million young and old in need of job skills. No matter what your political leanings may be, the training will provide skills related to the most in-demand fields — and that [...]

By |2018-08-14T10:14:57+00:00August 3rd, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

Taking a Moment to Step Back Before You Step Forward

There are most definitely times when you need to take a step back before you take a step forward. You pause to regain perspective and to choose your path. It is often better to take the step back by choice, rather than being forced to as you lose your footing at a precipice when your [...]

By |2018-07-12T13:31:49+00:00July 13th, 2018|Categories: Mortgage|Tags: |

Senate Passes $428 Billion Farm Bill (Plus Interest Rate Updates)

The U.S. Senate recently passed what is generally known as the Farm Bill. Why does that mean anything to a real estate or mortgage lending professional? Because the bill provides for the continuation of sugar tariffs in order to ensure the market is not flooded with sugar imports. Whoops, sorry — wrong section of the bill. The [...]

By |2018-07-03T15:53:05+00:00July 6th, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

How Dodd-Frank Reform Impacts the Mortgage Industry

Recently, Congress rolled back some of the rules that came from the Dodd-Frank Act. The Economic Growth, Regulatory Relief, and Consumer Protection Act, in part, makes a variety of changes in an effort to reduce the regulatory burden associated with mortgage lending. While many of the changes lessen the regulatory burden, the resulting change will [...]

By |2018-08-10T05:59:33+00:00June 22nd, 2018|Categories: Mortgage|Tags: |

Send this to a friend