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Coming Up:
Homebuyers Need $107,000 Annually To Afford Typical Home
Redfin says the increases in income needed to afford a median-priced home are especially high in Florida.
FirstClose Names New Chief Financial Officer
Hiring of James Bolger further strengthens executive team.
Snapdocs eVault Helps PRMI Roll Out eNotes In 49 States
PRMI has seen a four-day reduction in dwell time for mortgages closed as eNotes, leading to a savings of more than $250 per loan.
Mergers and Acquisitions
Movement Mortgage expands east coast footprint with purchase of Mortgage Network, Inc.
FHFA Sets 2023 Multifamily Loan Purchase Caps
The cap is set at $75 billion each for Fannie Mae & Freddie Mac.
NAR: If Rates Stay at 7%, Home Prices Won’t Fall
Chief Economist Lawrence Yun says prices could rise slightly in 2023.
FundMore, VeriFast Team To Expand Digital Verification
Announced a partnership that seeks to secure and verify digital mortgage transactions.
Black Knight: Rate Lock Volumes Fell 14% In October
Rate lock volume is now down are now down 30% over the past three months and 61% YOY.
Financing According To Faith
Riba (interest) is forbidden in the Islamic faith, so many Muslim Americans miss out on homebuying.
