April 8, 2019Brooke Mulder I would like to start this article by saying that I love the mortgage industry. I’ve been working for financial institutions since business school, which eventually led me into the mortgage space specifically. I’ve worked as a Loan Officer, a Sales Manager for a team of 15 LOs, a Business Analyst, a Call Center Director and an Executive. It’s an exciting, fast-paced, ever-changing industry. I love the camaraderie many of us feel when we see the same faces again and again at conferences. I love that for an industry that employs some 350,000 people, it can seem like such a small world. Everybody seems to be… Read More
Continue ReadingForeign Buyers Spent $8.7B in South Florida Housing Purchases
Foreign buyers purchased $8.7 billion in South Florida residential properties in 2018, but from $7.1 billion in 2017, according to data from the Miami Association of Realtors and the National Association of Realtors (NAR). Foreign buyers purchased 14,300 properties in this market last year, down from 15,300 one year earlier. South Florida was responsible for nearly 9.5 percent of all U.S. international home sales last year. Foreign buyers spent a median price of $373,000 for residential properties in 2018, while about five percent of South Florida foreign buyers purchased local homes without even visiting the state. Within this market, nearly 51 percent of all South Florida international home sales occurred in Miami-Dade… Read More
Continue Reading*OPINION* Are Wells Fargo, PNC probes a setback for affordable housing?
By Andy Peters Published September 19 2018, 5:02pm EDT National Mortgage News The U.S. suffers from a staggering lack of apartments and homes that low-income consumers can afford. The National Low Income Housing Coalition puts the shortage of affordable units nationwide at 7.2 million, and many industry participants believe that the single-best way to tackle the problem is to expand the low-income housing tax credit (LIHTC), a federal tax credit used to encourage development of more affordable housing. Bipartisan legislation is under consideration in Congress to do just that. That’s why the news that PNC Financial Services Group, Wells Fargo and other unnamed banks are being probed for allegedly colluding with developers to win… Read More
Continue Reading