Key takeaway: Although the guidance does not carry the force of law, onlookers say it could prompt some lenders to scale back lending to borrowers using individual taxpayer identification numbers, or ITINs, due to compliance and regulatory concerns. Expert quote: “I have not seen anyone shift away from the product, but I think it’s only […]
CFPB, Fincen guidance casts a pall over ITIN lending Read More »
For years, the dominant narrative around American housing has been simple and bleak: nobody can afford to buy a home anymore. Headlines reinforce it, TikTok and other creators lament it, and millions absorb it. However, beneath the surface of these headlines lies a subtler and more consequential truth: today’s housing “affordability crisis” is only partly
Why social media is driving the affordability crisis Read More »
Mortgage rates quickly erased a week of progress this afternoon following the Fed announcement and press conference. Fed announcement day historically has several components: the announcement itself, the summary of economic projections (SEP), and the press conference. Within the SEP, there is the dot plot showing each Fed member’s assumptions about where the Fed Funds
Mortgage Rates Spike in Response to Fed Read More »