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Why Now is a Golden Opportunity for Homebuyers

Why Now is a Golden Opportunity for Homebuyers Written By: Crystal Parkinson, Utopia Mortgage LLC and member of CCAR’s Affiliate Committee If your clients are considering buying a home, they may be hesitant due to the current higher interest rates. However, waiting might not be the best course of action. In today’s market, there are…

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Texas A&M Real Estate Research Center: Texas Residential Mortgage Industry Optimism Wanes Through Rising Rates

Texas A&M Real Estate Research Center: Texas Residential Mortgage Industry Optimism Wanes Through Rising Rates   Optimism waned in Texas’ residential mortgage industry amid higher interest rates, according to the latest Texas Residential Mortgage Survey (TRMS). General business activity corrected downward after improvements during the first half of the year, and challenges persist heading into…

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What is “Non-QM” Lending?

What is “Non-QM” Lending? Written By: Don Thomas, Sales Manager for Synergy One Lending and Member of CCAR’s Affiliate Committee Non-QM lending, also known as non-qualified mortgage lending, is a type of mortgage lending that does not meet the qualified mortgage (QM) standards set by the Consumer Financial Protection Bureau (CFPB). This type of lending…

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Mortgage Credit Certificate

Mortgage Credit Certificate Written By: Caron Witherspoon, Loan Officer with Fairway Mortgage and Member of CCAR’s Affiliate Committee Did you know that if your borrower is a first-time homebuyer, they can apply for a mortgage interest tax credit?  It reduces their federal income taxes every year by allowing them to get a percentage of what…

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National News: US Housing Market Needs More Than 300,000 Affordable Homes for Middle-Income Buyers

National News: US Housing Market Needs More Than 300,000 Affordable Homes for Middle-Income Buyers The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors® and Realtor.com®. The country’s persistent housing inventory crunch impacts middle-income buyers more than any other income…

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National News: Pending Home Sales Recorded No Change in April

National News: Pending Home Sales Recorded No Change in April Pending home sales recorded no change in April, according to the National Association of REALTORS®. Three U.S. regions posted monthly gains, while the Northeast decreased. All four regions saw year-over-year declines in transactions. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based…

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National News: Existing-Home Sales Faded 3.4% in April

National News: Existing-Home Sales Faded 3.4% in April Existing-home sales decreased in April, according to the National Association of REALTORS®. All four major U.S. regions registered month-over-month and year-over-year sales declines. Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops – slid 3.4% from March to a seasonally adjusted annual rate of…

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