Lender, MI, and Bank Strategic Alliances; Structural Price Changes Impacting Borrowers

Posted To: Pipeline Press

Jobs and housing make up the lion’s share of our economy, and the two intersect when a house is being built. But what is the exact impact? For any LO giving a presentation to a builder or real estate agent, here’s a recent NAHB breakdown on how 1,000 new homes influence the economy (spoiler: 2,975 jobs). There is a lot going on with pricing out there. Let's play some catch up on news & trends directly influencing rate sheets & consumers. Matt Scully sent along a piece from Christopher Maloney with Bloomberg News wrote up a piece titled, " FHA Should Impose 'Cap' on Riskier Borrowers , NY Fed Says." Of course borrowers don't usually wait for a fee change in order to buy a home, but this could impact refis. "A 'sustainable' housing policy would necessitate 'the FHA impose...(read more)

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from Mortgage News Daily http://ift.tt/28Rm3Y7