Higher credit score borrowers pay more under new government rule

Higher credit score borrowers pay more under new government rule

No this is not a joke, I had to read the recent Fannie Mae press release multiple times to actually believe what I was reading.  Who would have ever thought that someone with a high credit score above 740 would be penalized for having a high score.  Under a new rule...
US bank lending slumps by most on record; The fed now predicts a big change

US bank lending slumps by most on record; The fed now predicts a big change

US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses.  Why the sharp pullback in lending?  What does this mean for commercial and residential...
What does Biden’s tax plan mean for real estate?

What does Biden’s tax plan mean for real estate?

Presidential nominee Biden has rolled out his proposed tax plan with two major pillars that will impact real estate:  1) Elimination of the 1031 exchange provision 2) elimination of long term capital gains. These two changes, if passed, will have huge implications for...
Banks collapse: 67% impacted, will this lead to a recession?  What about real estate values?

Banks collapse: 67% impacted, will this lead to a recession?  What about real estate values?

As the banking crisis unfolds, the media continues to focus on depositors and shareholders.  Although both are important, there is an even bigger issue that is not being discussed.  According to the FDIC, community banks made 67% of all commercial real estate loans in...
FHA drops fees 1500/year, how will this impact the spring real estate market?

FHA drops fees 1500/year, how will this impact the spring real estate market?

Last week, the president announced an action that will save homebuyers and homeowners with new FHA-insured mortgages $1500 per year (assuming a 500k home), lowering housing costs for an estimated 850,000 home buyers and homeowners in 2023. On the surface, the change...