The California BPPI figure declined to -5.0 in December 2021, reflecting a 5% decrease in mortgage money available to homebuyers reliant on financing.
Press Release: Q4 2021 Buyer Purchasing Power goes negative with rising interest rates
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Creating Carryback Financing
Secure the most efficient structuring for a seller’s extension of credit to a real estate buyer, every time. Stay current on the latest news, videos, forms, and updates for Creating Carryback Financing.
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Mortgage rates enter 2022 in a risky crossover; Monthly Statistical Update (January 2022)
Fixed rate mortgage (FRM) rates look flat to up; Bond market investors subdued as the Fed fights inflation; Homebuyers eye low rates on adjustable rate mortgages (ARM)
DRE Bulletin Digest: Fall 2021
The fall 2021 edition of the DRE Bulletin serves as an annual report focusing on the DRE’s accomplishments throughout the previous fiscal year (which ended June 30, 2021).
A history of the mortgage industry: Part 1
To understand today’s dynamic mortgage industry, a look back at its origins in the U.S. is crucial.
Fed announces a quicker increase to interest rates
The Fed’s announcement follows another month of record-setting consumer inflation.
MLO Mentor: Section 32 coverage tests
This MLO Mentor guide helps you quickly identify when a loan falls under Section 32 requirements. Enroll in firsttuesday’s 8-Hour NMLS CE to renew your California mortgage loan originator license and learn more about Section 32 loans in your practice. The Home...
2021 mortgage originations decline from record heights
$3.8 trillion in mortgages were originated in 2021, the majority of which were refinances.
LIBOR phase out begins on December 31, 2021. Are you ready?
As LIBOR’s demise quickly approaches, the Secured Overnight Financing Rate (SOFR) is the backup rate of choice.
Construction awaits a full jobs recovery; Monthly Statistical Update (December 2021)
The faltering recovery progress for jobs; Low labor force participation continues; Construction recovery hampered