Mortgage & Economy
Mortgage rates, Federal Reserve policy, employment, inflation, and what they mean for Bay Area affordability.
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Fairway’s Christine Jensen on HECM reform and borrower misconceptions
Jensen offers her thoughts on the 2% upfront mortgage insurance premium, second appraisals and retirement planning use cases
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ENRG Realty partners with Trust & Will for estate planning
Agents can introduce wills and trusts tools at closing and during annual follow-ups
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Better ends fight over Garg-led bid to oust directors, restore his leadership
A special committee is ending the challenge to a preliminary report from an independent inspection
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What’s next for housing: 7%, 8% or 9% mortgage rates?
Mortgage rates are at 7.57% and demand softened more last week
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FHA launches optional transition period to UAD 3.6
Lenders can begin sending FHA appraisals in UAD 3.6
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Christie’s International Real Estate SoCal adds $180M in agent production with Pasadena expansion
New team additions posted $180 million in the past 12 months, the RealTrends Verified brokerage reported
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Mortgage Banking Summit: ‘Street fight’ market concentrates growth toward nondelegated lenders
Data shows a small fraction of lenders capturing most new production as LOs shift to brokerage and correspondent platforms
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Even a missed jobs report and the Fed talking dovish aren’t keeping yields lower
A jobs miss sent the 10-year yield to as low as 5.17% before yields rose higher toward 5.28%
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HECM originations sink to lowest level since 2020, HMBS issuance down 17% in September
September endorsements dropped to 1,790 — the lowest figure since April 2020 — while HMBS issuance fell to $446 million
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Private listing ecosystems could deepen the housing affordability crisis
Rising prices alongside weaker sales and closed listing ecosystems are reducing consumer visibility and competition








