As the name suggests, flood insurance is a type of insurance policy that will pay out if your home is damaged by flood waters.
If you are taking out a mortgage to buy a home in a federally designated flood zone, you are required to buy a flood insurance ...
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October 16, 2023, 5:36 pm By Connie Kim
Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending.
Bias, discrimination, privacy and security concerns ...
October 4, 2023, 3:17 pm By Connie Kim
In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically.
Originators who primarily served move-up buyers with high credit scores and strong down payments are struggling to find clients. But LOs ...
August 16, 2023, 2:33 pm By Sarah Marx
Housing starts picked up significantly in July to a seasonally adjusted annual rate of 1.452 million, according to the U.S. Census Bureau. That was up 3.9% from June and up 5.9% from a year ago. Meanwhile ...
Jobs week cleared up the skies for the Federal Reserve members, who are smiling — big time — after a series of data lines gave them what they wanted: a softer labor market!
While the labor market isn’t breaking, it ...
August 25, 2023, 11:40 am By Flávia Furlan Nunes
In a hawkish tone, Jerome Powell said that Federal Reserve (Fed) officials are prepared to raise the federal funds rate further and hold it at high levels until they are confident that inflation is moving sustainably down to the ...
August 13, 2023, 5:00 pm By Logan Mohtashami
Last week ended with a wild ride for mortgage rates. We anticipated the two inflation reports could help mortgage rates, however, we had a bad bond auction last Thursday, and the 10-year yield rose sharply. Weekly active inventory grew slowly again ...
August 16, 2023, 2:33 pm By Sarah Marx
Housing starts picked up significantly in July to a seasonally adjusted annual rate of 1.452 million, according to the U.S. Census Bureau. That was up 3.9% from June and up 5.9% from a year ago. Meanwhile, permits ...
August 10, 2023, 11:24 am By Logan Mohtashami
Has the recent inflation data given the Federal Reserve a pathway for a 2024 pivot? The Fed has whispered about what can happen if the inflation growth rate falls more into 2024 and it’s a positive take. Some have thought the ...
July 20, 2023, 8:41 pm By Logan Mohtashami
The savagely unhealthy housing market continues as existing home sales are near record lows, and the days on the market are still at a teenager level, with home prices rising in 2023. Ladies and gentlemen, this was the fear ...