Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss where is housing de-regulation? We’ve been hearing a lot of talk about this, but not a lot of action. Today’s article is from Yahoo Finance “Big banks push for simpler mortgage rules as housing market slows.” The article references some of the major reforms we are looking for which include making state & federal licenses uniform, giving the LO the ability to discount rates while simultaneously discounting their compensation, eliminating appraisals, and these are just a few of the things being discussed. We just don’t know how and when this could happen. Listen in as we discuss this and more!
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About Today in Mortgages
Today in Mortgages, the show where we try to make sense out of the click-bait headlines in Mortgage and Real Estate news that clients and buyers are being flooded with every day. We’re trying to find our what’s real and what’s hype in the market news and discuss how mortgage and real estate professionals should be navigating these tricky conversations with clients who are getting scared away from the housing market.
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Interest rates are of course making home less affordable nowadays, but that’s not the only increase. Home insurance has increased in some areas as much as 50% in recent years. What can we do about this?
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