Kelsey Ramírez is a Reporter at HousingWire. Ramírez is a recent journalism graduate of University of Texas at Arlington. Ramírez previously covered hard issues such as homelessness and domestic violence and began at HousingWire as an Editorial Assistant.
President Donald Trump’s policies cracking down on immigration could mean drastic changes to the housing market once the policies start taking effect. Even legal immigrants are showing more caution when it comes to buying a home, saying they are unsure about their future in the U.S.
A mortgage lender announced its new program that allows potential homebuyers to lump in their student loan balance to their mortgage. BurkeyLoan claims the new product will build access to capital for the Millennial generation.
Existing home sales increased to the highest rate in nearly a decade in January, beating out experts’ expectations. However, the market continues to struggle with dwindling inventory and affordability.
Nationstar finished 2016 with a bang, increasing its revenue by 45% and its net income by nearly 500%. But those aren’t the only increases the company saw during the fourth quarter. Nationstar’s CEO explains what this means for the company in 2017.
Mortgage rates are increasing from last year’s all-time lows. However, despite the increase, rates remain near historic lows. Read this to see if your state is among the top 10 with the highest interest rates.
One Federal Reserve member explains why she is comfortable with raising rates under the current economic conditions. However, the Cleveland Federal Reserve’s president did not put a timeline on a rate hike, and some experts wonder if the Fed could be looking at raising rates as soon as March.
Real estate brokerage Jack Conway and lender New Penn Financial joined together to launch a new mortgage company in the Boston area. The brokerage explains the new benefit this joint venture will bring to its consumers, but could it also be painting a large target for the CFPB?
Airbnb is now facing a lawsuit from one of the largest landlords in the U.S. The landlord claims Airbnb is purposefully encouraging tenants to break their lease, and creating an unsafe environment for the complex. Airbnb, however, does not agree, and says it plans to fight back against the lawsuit.
Household debt is set to hit an all-new high in 2017 after showing the largest increase in over a decade. Mortgages made up the majority of household debt in 2016, however student debt is also on the rise.
Fannie Mae reported its economic forecast for 2017, which remains conservative due to rising concerns about the new administration’s policies. However, consumer confidence remains strong and home sales are high.
In the aftermath of the financial crisis, low interest rates and strict capital requirements combined to make servicing a losing proposition for many banks. The sharp glare of regulators didn’t help either, as banks and nonbanks navigated the already thankless waters of servicing with a new target on their backs. But all that changed abruptly in the fourth quarter of 2016 with the one-two punch of a Trump win and a rate hike by the Federal Reserve.
Singling out the law that created the CFPB generated a backlash from Congressional Democrats, but it remains to be seen what Democrats can do to stop the Trump juggernaut. See what Mike Jones of Navigant advises servicers to do in this uncertain environment.
Portfolio managers and investors also have a vested interest in the expansion of the non-QM market. They have an appetite for non-QM assets as they represent an attractive yield opportunity. That’s why we’re seeing more “hold” strategies at work with current non-QM production.