“The COVID-19 pandemic has had disparate economic impacts nationwide, particularly on women who are heads of their households, such as single moms and caretakers…this population’s housing and financial challenges have been further complicated by pandemic-related workplace disruptions and current economic conditions.”
–Pam Perry, Single-Family Vice President of Equitable Housing with Freddie Mac, McLean, Va.
The Federal Housing Finance Agency, Washington, D.C., increased the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac to $78 billion each.
The pandemic was a major lesson that taught businesses to stay prepared for the uncertain future. So, let’s get into the minds and hearts of the lenders and borrowers, and identify which factors could help sustain the lending business in the coming decade.
We must remember to encourage people to buy homes they can afford and educate them on the costs that go with owning a home. That includes advising consumers not to borrow as much money as they possibly can, lest they become “house poor” and miss out on being able to create a more financially secure future for themselves and their families.
Lenders that start with potential and then give applicants the opportunity to improve their score can meaningfully grow revenue.
WFG’s Enterprise Solutions has a trio of proven products ready to boost lender efficiency as the market shifts to origination loans.
The truth is, there is magic in thinking big, especially for the mortgage industry and especially now. In fact, viewing the industry with a new perspective can only benefit lenders in this changing market.
mPowering You, MBA’s Summit for Women in Real Estate Finance, takes place Saturday, Oct. 16 at the San Diego Convention Center just ahead of the MBA Annual Convention & Expo (Oct. 17-20).
No property type’s fundamentals have rebounded as swiftly as the hotel sector’s, reported Colliers, Toronto.
The Federal Housing Finance Agency, Washington, D.C., increased the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac to $78 billion each.
