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Posts Categorized: Lending

A Benchmark for Mortgage Lenders

Lending, Market Update

Douglas G. Duncan Senior Vice President and Chief Economist, Fannie Mae   Benchmarking is a critical tool for obtaining insights. The Fannie Mae Mortgage Lender Sentiment Survey® (MLSS) — introduced in the first quarter of 2014 — provides exactly that: timely, robust benchmarks intended to help mortgage professionals better understand industry-wide trends and assess their… Read more

Mortgage Industry Update

Lending

Joel Kan Economist, Mortgage Bankers Association     In the January 2017 forecast from the Mortgage Bankers Association (MBA), we estimate that total mortgage originations will decrease to $1.56 trillion in 2017 from $1.89 trillion in 2016. This total will increase slightly in 2018 as a growing purchase market is offset by more declines in… Read more

The 2017 Investment Climate

Industry News, Lending

Paul Ohanian Founder and CEO, Scottsdale Wealth Planning, Inc.   As a financial planner, I generally avoid predictions about what the future, and specifically the next year, may hold for investment portfolios. All too often, these outlooks are accompanied by recommended short-term, reactionary investment strategies that do not align with a long-term, value-based philosophy –… Read more

A Relaxed Arizona Mortgage Market

Lending, Market Update

Rocke Andrews President, National Association of Mortgage Professionals   The year 2017 brings many changes to the Arizona mortgage industry. As the economy and real estate market recover and thrive, the mortgage industry is relaxing and advancing. Fannie Mae and Freddie Mac are helping with this by making more modifications to the mortgage process to improve… Read more

Mortgage Industry Update

Industry News, Lending

Joel Kan Mortgage Bankers Association, Economist   The Mortgage Bankers Association projects that home purchase originations will increase further in 2017, building on an estimated 10 percent increase in 2016. Strong household formation coupled with further job growth, rising wages, and continuing home price appreciation will drive strong growth in purchase originations in the coming… Read more

Market Opportunity in Surprising Places

Lending

Sean Becketti Vice President, Chief Economist Head of Economics and Research Department, Freddie Mac   At the end of 2015, most forecasters predicted the Federal Reserve would increase short-term interest rates four times in 2016. And, as a consequence, the consensus predicted an increase in mortgage rates and a drop in mortgage originations, especially for… Read more

The Impact of Angel Investors on Entrepreneurial Firms

Lending, Special Interest

Marianne Hudson Executive Director, Angel Capital Association   Among the hidden heroes of America’s economy are angel investors – high net worth people who invest in innovative startups. These angels offer a combination of financial and intellectual capital to entrepreneurs through mentorship and providing connections to potential customers as well as other investors. Both kinds of… Read more

Mortgage Bankers Association (MBA) Report

Lending

Joel Kan Associate Vice President, Industry Surveys and Forecasting Mortgage Bankers Association   The Arizona residential market continues to grow year over year, albeit at a slower pace and in a different fashion than the country as a whole. Between April 2016 and April 2015, applications for a mortgage to purchase a home increased 6.9 percent,… Read more

Real Estate Investment Trusts (REITs)

General Real Estate, Lending

Paul Ohanian Founder and CEO, Scottsdale Wealth Planning, Inc.   If you are in the business of real estate in Arizona, you have experienced firsthand the benefits of ongoing lower borrowing costs. As the year has unfolded, and the Fed has commented on interest rates, “lower for longer” has become the new mantra. For those active… Read more

Home Buying Assistance Program

General Real Estate, Lending

Currently, there are many people across Arizona with steady jobs and good credit, but can’t afford a down payment on a new home. A new program called Home Plus operated by the Arizona Housing Finance Authority (AzHFA), is designed specifically to help people that fit into this category to become homeowners. This new program was… Read more

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