Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How Freddie Mac is addressing affordable housing challenges

Freddie Mac is focused on addressing limited access to credit, housing inequalities, creation and preservation of affordable housing supply and advancement of homeownership education.

How to increase minority homeownership?

Today’s HousingWire Daily features a roundtable discussion from HousingWire’s Lunch & Learn series that looks at “Unpacking the lender’s vital role in increasing minority homeownership.”

Investments

Lack of QE tapering weighs on stocks: NewOak

Former Federal Reserve Chairman Alan Greenspan and a number of other market experts went on the offensive wit the suggestion that the central bank intervention was actually holding back stocks from achieving even higher levels, said James Frischling, president and co-founder of NewOak.

Greenspan wants the Fed to start pulling back on its open-ended third round of quantitative easing program, seeking the tapering process sooner rather than later. 

“At its core, the sentiment from taper supporters is that the Fed’s policies are hurting confidence and keeping trillions in cash on the sidelines,” Frischling said. 

He added, “The Fed’s dual mandate is to promote maximum employment and stable prices. While we understand the significant effects the Fed’s policies have had on the markets, it’s the improving, but still underperforming labor market and benign inflationary pressures that are keeping the Fed’s foot on the gas with respect to its accommodating monetary policies.”

While May’s employment report was positive and beat expectations, it still fell short of putting in motion the types of numbers needed to have the Fed change course.

On the other hand, the report showed economic growth is sufficentialy marginal to justify the central bank maintain QE3 in the near future.

“The Fed wants to see the results from the second quarter and the impact of higher taxes and sequester cuts on the economy. The taper-supporters believe the Fed is hurting confidence,” Frischling explained.

He concluded, “Consumer confidence currently stands at a 5 year high. Add to that the rebound in housing and improving employment picture and the picture is clear that tapering will come, but not because it will help stocks rally further.”

Most Popular Articles

FHFA to make desktop appraisals permanent

Desktop appraisals, a temporary flexibility implemented in March 2020 amid lockdowns and social distancing, will become permanent, the FHFA said today.

Oct 18, 2021 By

Latest Articles

Rocket Pro TPO redesigns pricing calculator for brokers

Rocket Pro TPO aims to help its broker partners grow their businesses. The new Pricing Calculator provides brokers with fast, reliable and accessible information that can help differentiate them from competitors. In the midst of this serious housing shortage, brokers need tools to help them provide top-notch service to homebuyers. 

Oct 22, 2021 By
3d rendering of a row of luxury townhouses along a street

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