Market-News-July-2019

July Market News

Please enjoy a quick market news update on what happened this week in the housing and financial markets. Market News Retail sales increased in June, pointing to strong consumer spending. This could offset the slowdown from []

Fourth-Of-July-2019

The 4th of July | 243 Years Old

The 4th of July, otherwise known as Independence Day, arrives tomorrow. But why does the US celebrate the holiday? Here are the facts about what Independence Day is and the history behind this iconic day. Tomorrow []

New VA Loan Cap

Bill Eliminating VA Loan Cap Signed Into Law

Source: HousingWire   The Department of Veterans Affairs can now back loans that exceed the conforming loan limit. A bill eliminating this cap was signed into law by President Donald Trump on Tuesday night. The Blue []

Fed-holds-Rates-Steady

The Fed Holds Interest Rates Steady

For consumers, the so-called Powell Pivot may mean a reprieve in escalating borrowing costs. At the same time, stashing cash in a savings account is reaping a better return than it has in years. The Federal []

No-More-DACA-Mortgages

FHA No Longer Backing DACA Mortgages

After months and months of uncertainty about whether the Federal Housing Administration is backing mortgages for Deferred Action for Childhood Arrivals recipients or not, the Department of Housing and Urban Development has finally given an official answer. And that answer []

HomeReady Loans Update

HomeReady Loans Update

On July 20, 2019 we will see the following changes implemented across the board on all HomeReady Loans. HomeReady income limits Desktop Underwriter (DU®) eligibility assessment. HomeReady Income Limits HomeReady is designed to help lenders serve []

Small-Family Rentals

Top Reasons to Invest in Single and Small Family Rentals

The investment landscape continues to change, allowing for new opportunities in the rental property industry. According to CIVIC Financial, the benefits of small and single-family rentals are offered to investors across the country. This market has []

5.16.19 Stay Relevant

New Home Purchase Applications Rise Up

Rising Up In a recent survey conducted by The Mortgage Bankers Association, it is revealed that new home purchases in April have risen 3 percent from March 2019. Additionally, it’s revealed that new home purchase applications []