Smart Money: How to Leverage Inflation for Your Benefit
We share a discussion about how you can leverage inflation for your benefit while minimizing its negative effects on your finances.
We share a discussion about how you can leverage inflation for your benefit while minimizing its negative effects on your finances.
Fannie Mae’s Economic and Strategic Research Group said the month-over-month jump likely reflects the temporary decline in mortgage rates and general volatility in the series. “New homes for sales dipped 2.9% to 439,000, though the number of new homes for sale that is completed rose slightly,” the group noted. “The month’s supply declined eight-tenths to … [Read more…]
Mortgage rates expected to fall to 5.4% by late 2023, banking group … CNN
HW+ Member Aaron Smith talks HousingWire Annual and why affordability concerns and rising interest rates keep him up at night.
Fannie Mae reported a net income of $12.9 billion in 2022, down sharply from $22.1 billion in 2021. And it expects 2023 to be even rougher.
Here’s How Low Mortgage Rates Could Drop in 2023, According to One Expert Money
Before you panic, take comfort in the fact that mortgage rates probably wonât do too much in 2017, just as they havenât in recent years, despite stark predictions telling us otherwise. I went ahead and compiled the 2017 mortgage rate forecasts of Fannie Mae, Freddie Mac, the Mortgage Bankers Association, and the National Association of… Read More »2017 Mortgage Rates Are Expected to Stay in the 4% Range
The post 2017 Mortgage Rates Are Expected to Stay in the 4% Range appeared first on The Truth About Mortgage.
Mortgage rates fall as fears about the US economy loom CNN
âWhere can you always find money? In the dictionary.â Plenty of lenders and finding the money to buy other companies while smaller ones are looking for the right buyer. Eat or be eaten seems to be the name of the game as lenders hungry for production are courting other lenders. Some just get out of the game entirely. (See lender and investor section below.) Cutting costs and being efficient continue to be of paramount importance regardless of plans for the future. Is the credit process cost effective and efficient? Yesterday I mentioned changes in the credit world and received, âRob, when will companies learn that there are âtoo many snouts in the credit troughâ? Thereâs Fair Isaac, the Bureaus, and the credit resellers. It is not a level playing field, and now, like the old days of having different gfees for different lenders, lenders are slotted into âtiersâ. In the next few years, weâll be moving from a tri-merge environment to a bi-merge environment. Regardless of what comes our way, the overall construct of this portion of our business is shaky.â Editorâs note: âShakyâ is not good in this environment. (Todayâs podcast can be found here and this weekâs is sponsored by SimpleNexus, an nCino company and homeownership platform unites the people, systems, and stages of the mortgage process into one seamless, end-to-end solution that spans engagement, origination, closing, and business intelligence. I go on todayâs podcast to talk with Robbie about the industry ramping up mortgage travels and how mortgage market cycles have historically played out.)
As chief financial officer for UWM, Hubacker will oversee all financial aspects of the company, including accounting, internal and external reporting, financial compliance, tax, treasury and liquidity management, and budgeting and forecasting. Before joining UWM, Hubacker spent 18 years at Deloitte & Touche, most recently as a partner. He also served as vice president, assistant … [Read more…]