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Determining when to buy a home is a personal decision with many variables. Some may try to pinpoint the "perfect time" and end up waiting themselves out of the market, while prices and interest rates rise. Read More
In NerdWallet’s annual Best-Of Awards program, which highlights the top financial companies and products nationwide, the personal finance website has named New American Funding as a 2019 two-time winner. The mortgage-industry leader has scored one of the awards in the category of Best Mortgage Lender for Purchase Loans and Best Mortgage Lender for FHA Loans. Read More

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Black Knight's Deep Dive on Housing, Mortgages, and COVID

Posted To: MND NewsWire

Black Knight has taken what will probably prove to be only their first in-depth analysis of the potential effects of the COVID-19 pandemic on the economy and specifically on the U.S. housing and mortgage markets. The paper looks at the current state of the market, key drivers of the pandemic on the housing and mortgage industries and models some possible outcomes. We are extremely pleased that they have used mortgage rate information from MortgageNewsDaily for some of their calculations. Because it is their business, Black Knight, also makes a lot of recommendations as to how technology can mitigate some of the most dramatic impacts. The company notes that the situation at present is incredibly fluid and dynamic, "and underlying facts and assumptions in this report may need to be revisited...(read more)

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(Home) Building our Way out of Crisis

Posted To: MND NewsWire

Home building might be the answer to more than just the housing shortage according to some information provided by Paul Emrath, economist for the National Association of Home Builders (NAHB). He maintains that it can also be a significant factor in rebuilding the economy once the COVID-19 crisis ends. Emrath has updated NAHB's 2014 estimates of the economic impact that residential construction has on the U.S. economy, especially via the number of jobs it creates. Nationally he estimates that building an average single-family home creates 2.90 full-time equivalent (FTE) jobs. Full-time equivalency is enough work to keep one person employed for a full year. This work generates $189,000 in wages and salaries and $110,957 in taxes. Although the majority of these jobs (FTE of 1.71) are in construction...(read more)

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