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Are we seeing a cash-out refinance crisis?

Housing Wire

I hear a lot of chatter about a boom in cash-out refinances, and the presumption seems to be that this is destined to wreak havoc on the housing market and the economy at some point. But there are several critical reasons why the recent uptick in cash-out refinancing is nothing like the cash-out boom of the early to mid-2000s.

Equity 542
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The 2021 housing market recap by Logan Mohtashami

Housing Wire

We started the year with many pundits saying that the U.S. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. Now that we are just a few days away from 2022, it’s time to take a look at the positive and the negative housing stories of 2021.

Marketing 530
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What happens after the Fed’s rate hike?

Housing Wire

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. From the WSJ article: “ U.S. This was key to the recovery going into the COVID-19 crisis and getting out of that brief recession because we didn’t have a credit bubble that needed deleveraging.

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Risk of mortgage fraud is on the rise in the current market

Housing Wire

The problem: They did not qualify for the loans. Hill’s scheme, also enabled by a group of co-conspirators, caught up with him, in part because many of the loans started going south. Hill instructed the homebuyers on how to game the system by submitting fraudulent asset, income and employment information on loan applications.

Mortgages 391
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When Will We See 100-Year Mortgage Amortizations?

Toronto Realty Blog

The second number that pops up in my head is “forty” and that’s because the 40-year amortization was a huge seller, circa 2005 – 2008, but was done away with after the Financial Crisis in the United States in 2008. The first is 25. The second is 40. Why those two numbers? Those were massive changes!

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Passive Income Ideas: 25 Ways To Earn More Money In 2020

Marco Santarelli

But we can filter these down to some easy passive income ideas and strategies that work. Now, as we know, the coronavirus crisis has cost many their jobs. It's easy to see why people like the idea of passive income. It has renewed interest in passive income ideas. What is Passive Income? What is so fascinating about it?

Lending 135
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Purchase apps are at 2009 level: where’s the inventory?

Housing Wire

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. We see this in the data. Last year we had COVID-19 comps. We will have more challenging comps to work in October of this year, and maybe that 18%-22% decline will happen then. The year-over-year data is down 16%.