The program offers construction financing for the development of new rental properties
California based lender opens new office to serve central time zone
Institutional investors are slowing down purchases of homes amid increasing prices, leaving more room for traditional buyers.
The increase was the lowest since November 2012 and is another indication that lending standards need to be loosened, says Shirmeyer.
Tomorrow the Fed will begin its two-day FOMC meeting that is expected to put an end to its bond-buying program, but America’s weak economy may give officials pause.
Uncertainty dominates the stock markets, and industry expert David Shirmeyer suggests locking all loans now.
Yesterday was a big day for the NASDAQ and the stock market; the bond and mortgage markets held quite well given the strong equity market. Also, home sales were up 2.4% to 5.17 million units in September.
Investors bailed out by the government during the housing crisis want the mortgage giants to pay the shareholder profits it owes. However, things aren't going their way.