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Three yards and a cloud of dust

Housing Wire

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers. Such opportunities may arise.

FHA loan 446
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LenderLogix launches POS system for small- to mid-sized lenders

Housing Wire

LenderLogix, a provider of mortgage automation software and application programming interfaces (APIs), has launched LiteSpeed, a white-label streamlined point-of-sale (POS) system that serves small- to mid-sized mortgage lenders. Its other products include QuickQual , which is used by lenders in 42 states.

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Experts Predict High Mortgage Rates But Low Down Payments: Forecast

Norada Real Estate

High mortgage rates making your dream home unreachable? Among these initiatives, zero-down mortgage options have emerged as a beacon of hope for those who may not have the substantial savings traditionally required for a down payment. UWM's initiative is not just a boon for homebuyers but also for independent mortgage brokers.

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New FHFA Rule: Mortgage Fees Structure to Change on May 1

Marco Santarelli

The Federal Housing Finance Agency (FHFA) recently announced changes to the loan-level price adjustments (LLPAs) for borrowers with conventional mortgages backed by Fannie Mae or Freddie Mac. The changes, which are set to take effect on May 1, 2023, will impact the pricing structure of mortgages for borrowers.

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Mastering Mortgage Basics: 10 Key Concepts Every Homebuyer Should Know

Redfin

In this comprehensive guide, by Redfin, we will delve into ten common questions about mortgages, offering valuable insights and expert answers. What is a mortgage? A mortgage is a loan specifically designed for purchasing a property, commonly a home. How does a mortgage work? How is a mortgage rate determined?

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High Interest Rates Predicted But is “Zero Down Payment” Possible?

Marco Santarelli

Soaring mortgage rates threaten affordability, but there's a glimmer of hope! Is a return of zero-down mortgages on the horizon despite past risks? Among these initiatives, zero-down mortgage options have emerged as a beacon of hope for those who may not have the substantial savings traditionally required for a down payment.

Equity 52
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Cost of Living in New Mexico: A Guide for Homebuyers

HomeLight

.” This overall cost will vary significantly based on location, even within the state. But the core living expenses you’ll pay for typically include the following categories: Housing (rent/mortgage) Energy (utilities) Food (groceries) Transportation (vehicles or transit systems) Healthcare (doctors, hospitals, etc.)