Housing Market Shortage: The Root Causes and What You Need to Know
In January 2023, the US housing market experienced a severe shortage of homes, with only 1.6 months’ supply available – a historic low. Although there has been a slight increase in the number of homes on the market, the demand from buyers greatly surpasses the available inventory. As a result, this scarcity has led to […]
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Is the Claim of an Unfair Mortgage Rule on Borrowers With High Credit Scores True?
News outlets recently reported a rule focusing on mortgage borrowers with higher credit scores. The reality is that changes are being made to the Loan-Level Price Adjustments (LLPA) matrix by the Federal Housing Finance Agency (FHFA) in May 2023 to address housing affordability challenges in the US. The LLPA matrix applies pricing adjustments to base […]
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How Fluctuating Mortgage Rates Affect the Housing Market
In 2020, interest rates were at an all-time low. This made it possible for borrowers to buy larger homes or refinance their current property at a lower rate. However, all-time low-interest rates could not last forever. By January 2022, interest rates began to increase, limiting borrowers’ purchasing power and eroding the refinance market. Mortgage and […]
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Entrepreneurship and Non-Qm Loans
For many, entrepreneurship lies at the heart of the American dream. Over the decades, they have dreamed of owning their own business, being their own boss, and enjoying the fruits of their labor. The U.S. Bureau of Labor Statistics reports that 4 million Americans abandoned their corporate desks in the last two years to work […]
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