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Congress passes spending bills to avoid shutdown, adds to Ginnie Mae budget

Housing Wire

Other departments benefiting from the allocation include Veterans Affairs (VA), as well as agriculture, interior, transportation, justice, commerce and energy, according to reporting from The Hill. It allocates $450 billion in funding for several departments, including the U.S. Department of Housing and Urban Development (HUD).

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Impatient homebuyers are gradually accepting the reality of the housing market: BofA

Housing Wire

“When it comes down to it, if buying a home is your goal and within your budget, the best time to buy is when you’re ready financially and you can find a home that fits your needs,” Matt Vernon, head of consumer lending at Bank of America , said in the report. As of July 2023, about 80% of outstanding U.S.

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Southern residents often pay more for mortgages, credit access: CFPB

Housing Wire

report, the data focuses on banking and credit access, and mortgage lending in particular, for both rural and non-rural areas of the region. There are also auto lending challenges for Southern residents, as the region has higher delinquency rates related to auto loan borrowers when compared to rural borrowers in other regions. “In

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Cooling inflation in February brings hope that Fed rate hikes are over

Housing Wire

The year-over-year increase can be attributed to large annual jumps in the indexes for transportation services (+10.2%), energy services (+13.3%), and food (+9.5%). Transportation services jumped 1.1% Consumer prices fell in energy commodities (-1.4%), gasoline (-2%) and used cars and trucks (-13.6%). Meanwhile, the CPI increased 0.4%

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Stronger than expected job growth raises specter of more Fed hikes

Housing Wire

HousingWire recently spoke with Jon Irvine, Chief Production Officer at Change Lending, about how brokers can gain a new competitive advantage in the current tight market. How can brokers get ahead in a tight market? Presented by: Change Wholesale.

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An inside look at the latest trends in housing regulation and policy, featuring the 2022 Vanguard Honoree, Armando Falcon

Housing Wire

This is the result of several forces: the Fed’s anti-inflation policy; the rapid deceleration in lending that’s resulted in a 40% drop in applications; the rising cost of mortgage production, which has now broken the $10,000 per loan threshold; and the continued drive towards digitization in mortgage lending.

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Opinion: The risk of ICE, Black Knight deal is in the data

Housing Wire

The mortgage industry to date has not been “Amazoned,” as has the retail sales market, or “Ubered,” as has the transportation market, and still operates in a very decentralized state consisting of a few thousand lenders (banks, community banks, and independent mortgage companies). Mortgage competition is critical.