General Counsel, LO Jobs; Lead Conversion, Auditing, DPA Correspondent Tools; The CFPB and UDAAP

Rates can be 0 percent, but if there are no homes to buy, lender and real estate agent activity will grind to a halt. I realize that this is an extreme example, but you get the point, and headline bait like, “Home Sales Plummet” should be viewed skeptically. That said, in my travels, I am continuing to hear about a lack of inventory at lower/first-time home buyer price points. And out of the MBA’s Bob Broeksmit came, “One hurdle for many prospective buyers this spring continues to be low supply, especially for new listings at the lower end of the market.” And the various generations continue to compete for homes, with multiple bids being reported by agents in many places: Baby Boomer versus Millennial cage fight. Turning from the primary markets to the secondary markets, investors continue to sit on the sidelines of the $11 trillion mortgage-backed securities market as they await BlackRock helping the Federal Deposit Insurance Corp. liquidate the roughly $100 billion MBS portfolio it acquired from Silicon Valley Bank and Signature Bank. Those banks will probably be mired down in lawsuits for years. (Today’s podcast can be found here and this week it’s sponsored by Milestones. Giving homeowners an all-inclusive homeownership experience including home value and equity monitoring, home maintenance reminders and how-to articles, cloud-based document storage, one-click access to hire professionals for various projects around the home, and much more.) Lender and Broker Services, Programs, and Software
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