Articles by Alcynna Lloyd

Minimum wage, minimum housing prospects

Minimum wage workers can’t afford a 2-bedroom anywhere in the U.S.
[Op-ed] If you make minimum wage, chances are you have limited housing prospects. The maximum affordability for most low income renters is $660 a month, but they need to make at least $22.10 in order to rent a modest 2-bedroom apartment. Sadly, most market-rate apartments in every U.S state continue to be out of reach.
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Movement Mortgage launches innovative technology competition

Competitors could win $25,000
Movement Mortgage launched its inaugural Movement Crowdsource Challenge, a competition to develop a new mobile operating system for loan officers. Ten technology firms will have the opportunity to win $25,000 prize, and a contract to co-develop the solution into a full-scale commercial product.
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U.S. inflation rises to six-year high

Wage gains remained moderate despite an 18-year low in unemployment
The Federal Reserve’s outlook for gradual interest-rate hikes were reinforced in May, as U.S. inflation accelerated to the fastest pace in more than six years, although wage gains remained moderate despite an 18-year low in unemployment.
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U.S. borrowers are compiling more debt

Borrowers need to be cautious of negatively impacting credit profiles
Bank of America says that U.S. borrowers are compiling more debt while simultaneously keeping their credit profiles healthy for now, according to an article by Will Mathis and Jennifer Surane for Bloomberg.
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Mortgage lenders: Demand for refinances falls to three-year low

Fannie Mae report shows bleak outlook for refinances amid rising rates
Mortgage lenders are reporting that the demand for refinances is at a three-year low, driven by rising interest rates. The news comes courtesy of Fannie Mae’s second quarter 2018 Mortgage Lender Sentiment Survey, which also shows that increasing home prices and low housing supply continue to threaten mortgage demand.
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Walker & Dunlop adds Mark Besharaty to California multifamily team

Besharaty will focus on driving multifamily loan origination growth
Walker & Dunlop announce the addition of Mark Besharaty, as senior vice president and chief production officer to lead a new initiative focused on multifamily small loans. The company hopes that multifamily small loans will provide sustainable and affordable financing solutions for smaller properties in a rapidly growing market.
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