jasonborne24

[jasonborne24]

Three Reasons to Celebrate World Milk Day

Bust out the cereal and cookies because June 1 is World Milk Day! To celebrate, I've teamed up with my friends at Dairy Famers of America to bring you three reasons to get down with dairy...

[jasonborne24]

Washington Post: Fannie and Freddie will soon offer modern mortgages for the gig economy

As much as 43% of the U.S. workforce could be part of the gig economy by 2020. Those who work in the gig economy typically can't qualify for home loans, which is going to be a problem for the housing market if 43% of the workforce can't qualify for a home loan. Fannie and Freddie are working to find solutions to the issue.

[jasonborne24]

Here’s where loan officers face the most competition to win borrowers

[Expert Commentary] Loan officers continue to struggle with greater competition to secure borrowers, but the contest is not all the same across the country. Some markets are more concentrated than others at the lender level and could present tougher challenges.

[jasonborne24]

Realtors: Low supply continues to curb our home sales

After two consistent months of modest increase, pending home sales fell to their third-lowest level over the past year. NAR's Chief Economist Lawerence Yun, explained that the market will also experience difficulties this summer, as home buyers combat gas prices, low supply and rising mortgage rates.

[jasonborne24]

3 new digital mortgage partnerships everyone should know about

As the digital mortgage moves closer and closer to a mortgage-lending industry standard, more and more partnerships are being announced. For those in the LendingLife community, witness this week alone, saw 4 such partnerships. Here they all are.

[jasonborne24]

Readers respond to Bloomberg report that FHA mortgage crisis is imminent

Tuesday’s LendingLife featured a Bloomberg report sounding a warning on pending mortgage lending crisis. The main allegations in that article is that the Federal Housing Administration insurance program is too over-extended and borrowers too unqualified. It touched a nerve with LendingLife readers, for sure.

[jasonborne24]

Ginnie Mae reveals new requirements for VA refinances

Ginnie Mae recently announced new requirements for its Department of Veterans Affairs refinance loans in order to protect service members from predatory lending. The company issued an All Participants Memorandum which announced the implementation of changes to pooling eligibility requirements for VA insured or guaranteed mortgages.

[jasonborne24]

Freddie Mac: Geopolitical struggle sends mortgage rates tumbling

After climbing to their highest level in over seven years, mortgage rates tumbled last week, Freddie Mac’s latest survey shows. The company explained the decline was driven by recent trade and geopolitical issues, which led to a sudden decrease in long-term Treasury yields.

[jasonborne24]

Finicity, Blue Sage Solutions announce partnership

Fincity, a provider of real-time financial data aggregation and insights, announced a new partnership with Blue Sage Solutions, a cloud-based digital mortgage lending platform, to create a frictionless digital lending process.

[jasonborne24]

Counting the costs: Can you afford to become a Realtor?

Do you have what it takes to be a Realtor? Probably not. According to a blog post from Trulia via Inman.com, 80% of Realtors quit after less than two years in the industry.

[jasonborne24]

Housing investment pulls GDP down in second quarter

The already-lower gross domestic product in the first quarter of 2018 was revised downward Wednesday. The downward revision can be contributed to a drop in housing investment, however one expert explained he expects GDP to see a strong rebound in the second quarter.

[jasonborne24]

MBA: Mortgage applications continue to plummet

Mortgage applications continued last week’s decreasing trend, falling 2.9% from last week. But the MBA's survey also showed interest rates also suddenly decreased after seeing several weeks of consecutive increases.

[jasonborne24]

Bloomberg report sounds warning on pending mortgage lending crisis

The language may be infuriating for a loan officer to read: referring to mortgage lenders as "small-time bankers" who are "peddling to the poor." But Prashant Gopal’s Bloomberg report states that even the Federal Housing Administration is concerned about rising defaults in its mortgage insurance program.

[jasonborne24]

The average size of all mortgages actually fell last month

HousingWire reporter Kelsey Ramírez states, “Homebuyers are going to continue to need larger loans as home prices increase.” The good news for homebuyers is that the average size of their new mortgages are actually recently went down, for now.

[jasonborne24]

Case-Shiller: Rising mortgage rates, home prices pull on affordability

Homebuyers are going to continue to need larger loans as home prices increase, but rising affordability issues could eventually push many potential homebuyers into renting, the latest Case-Shiller report shows. Overall, home prices jumped 6.5% in March.

[jasonborne24]

[Infograph] Military members most likely to utilize zero-down mortgages

It’s Memorial Day weekend! In memory of those who serve our country, the National Association of Realtors released an infographic which shows how the home buying preferences of service members and veterans differ from the rest of the population.

[jasonborne24]

ATTOM Data Solutions: Home sales to buyers with Chinese last names increased by more than 20% in 2017

Homebuyers with last names of Chinese origin posted the biggest percent increase in homes bought in 2017, according to research from ATTOM Data Solutions.