Marc Savitt is a past president of the National Association of Mortgage Brokers and what you might call a guy who sees the glass "half full." In an interview the other day he told me that within two years home prices might be poised for a boom because of a lack of new building – even if the unemployment rate doesn't improve much. Meanwhile, although the broker sector is hurting (see the National Mortgage News website today for an update), he is starting to see more firms entertain the idea of reentering the wholesale space. Stay tuned…
-
Given current rates are higher than the MBA and Fannie Mae forecasts, the industry could see further downside risk to the housing outlooks in October.
10m ago -
ICE dropped its post-Dec. 31 SDK access fee as migration lags. Audit plugins, get written confirmation from ICE, budget for dual-running and weigh API-native rivals.
10m ago -
The latest runup alarmed lenders but offered some new servicing opportunities unique to this market that can benefit both sides of the business.
10m ago -
The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17









