Daily Mortgage and Real Estate News for Wednesday, January 8th 2025:

By January 8, 2025, there are outstanding changes in the United States mortgage, real estate, and business sectors:

Updating about Mortgage Rates:

Current Rates:

• The average rate for a 30-year fixed mortgage is approximately 6.91%, marking the highest rate since July 2024.

Projections:

• Fixed mortgage rates will not fall until next year, as forecasted by analysts, averaging around 6.4% for 2025.
• This is slightly lower than the annual average of 6.7% last year but still above that historic average between this year and the past six years (2013-2019), which was less than or equal to 4 percent.

Housing Market Trends:

Home Prices:

• Nationally, home prices are projected to rise 3.7% in 2025, followed by 4% in 2024 and 1.1% in 2023.
• This trend will continue due to limited housing inventory and sustained demand.

Sales Activity:

• Existing home sales are expected to increase by about a half percentage point, or nearly one hundred thousand homes, to as many as four million units.
• This is far below the historical annual mean level within our analysis period – eight years (this decade).
• Besides, the housing supply may improve compared with last year’s data, including more new house constructions anticipated to total over a million units.”

Regional Insights:

Hudson Valley, New York:

• A luxurious manor in Hyde Park, initially valued at $45 million in 2021, has been resubmitted for sale at $11.25 million after three years of futile attempts to sell it.
• The considerable price reduction highlights the difficulty encountered in the upper-end real estate industry.

Banking and Financial Services:

TSB Bank Initiative:

• TSB has launched a new 5&5 mortgage scheme that gives tenants a 5% reduction on their first home, provided they put down a minimum 5% deposit.
• This initiative is intended to help renters buy the homes they are already living in, remove any complexities landlords could encounter while selling them off, and offer affordable housing alternatives as property prices rise.

Economic Indicators:

Stock Market Movements:

• On January 8, 2025, the U.S. stock futures are moving downward following a tech sell-off, with NASDAQ, S&P 500, and Dow Jones trending slightly lower.
• Hence, markets and federal agencies will be closed tomorrow for the funeral of former President Jimmy Carter.
• Moderna stock is climbing on expectations of a bird-flu vaccine after the first U.S. death from the disease was reported.
• Bitcoin and crypto stocks are falling as a strong labor report diminishes hopes of Federal Reserve rate cuts.
• Palantir Technologies’ shares continue to decrease because analysts are worried about its high valuation despite its good performance in 2024.

Challenges in Homeownership:

Affordability Issues:

• A twenty-six-year-old Perth resident earning $80,000 per annum experienced difficulty making his loan repayments when he initially could afford them easily.
• When his fixed-rate time lapsed, he had to tune into repayment that became highly increased—having to sell personal things to ensure payment was made regularly.
• This shows how many property owners feel financial pressures due to rising costs plus interest rates.

Market Outlook:

The mortgage and real estate market is characterized by higher mortgage rates, increasing home prices, and a greater focus on affordability and economic indicators. Prospective buyers and sellers should follow these trends to make wise decisions.

Summary of National Headline News Updated of January 3rd, January 4th, January 5th, and January 6th 2025, including Weekend News Update of January 4th and 5th 2025:

January 3, 2025

On January 3, the 119th U.S. Congress sat in session for the first time. Vice President Kamala Harris swore in the senators, and Mike Johnson was re-elected as Speaker of the House.

Janet Yellen To Be Nominated as U.S. Treasury Secretary:

• Joe Biden’s administration is set to nominate Janet Yellen as Treasury Secretary.
• Joe Biden blocks Nippon Steel’s $7 billion acquisition of U.S. Steel over national security concerns.
• According to Fox News on Saturday, a newly released report shows that the president has ordered the government to buy less from China and other foreign sources over concerns about supply chain vulnerability.

Surgeon General Calls For Cancer Warnings On Alcohol Bottles:

• Surgeon General Vivek Murthy suggests that alcohol bottles be marked with cancer warnings.
• This is because there is a clear link between alcohol consumption and cancer risk.

SpaceX launches United Arab Emirates Communication Satellite Thuraya 4-NGS:

According to ABC News, SpaceX launched its communications satellite Thuraya 4-NGS for the United Arab Emirates on Friday via a Falcon 9 rocket from Cape Canaveral Space Force Station in Florida.

January 4, 2025

Terrorism in New Orleans? So far, fourteen people have died after a terrorist attack took place on New Year’s Day. Homemade bombs filled with special explosives were used by the attacker, indicating the involvement of high-level terrorist training and possible connections with international terrorist organizations.

Winter Storm Blair Disrupts Central U.S.: According to NBC News, Winter Storm Blair caused major disruption across central the USA last Tuesday, resulting in four deaths.

Kansas City, Missouri, and Louisville, Kentucky, were particularly affected by heavy snowfall, with the latter receiving its heaviest snowfall in a quarter of a century. For instance, around 1,900 flights were canceled, and more than 254,000 utility customers lost power.

January 5th, 2025

Congestion Pricing New York City:

New York City was the first city in the United States to introduce congestion pricing for vehicles below 60th Street into Lower Manhattan and Midtown. This initiative aims to reduce traffic jams and generate revenue for public transportation improvements.

U.S. Provides Arms to Israel: The U.S. State Department informed Congress about an intended $8 billion weapons deal with Israel that includes air-to-air missiles, Hellfire missiles, artillery shells, and other ammunition, thereby enhancing their strategic alliance between the two nations.

January 6th, 2025

Election Results Certified By Congress: On January 6, amidst heightened security measures and a January 6 m, Congress met to confirm Donald Trump’s presidential victory earlier this year. Vice President Kamala Harris presided over the session, announcing election results formally without any altercation like last year’s event on January 6.

Shore Drilling:

In one of his final acts as President, Joe Biden banned new oil and natural gas drilling across most of America’s coastline to accomplish environmental objectives and mitigate climate change effects.

These events underscored important political shifts alongside environmental conservation and safety challenges experienced within the U.S. during the first week of January 2025.

Comprehensive Daily Headline News for Tuesday, January 7th, 2025, which includes the economy, inflation, unemployment, bankruptcy, foreclosure, politics, stocks and bonds, corruption, and factors affecting Americans.

The United States is experiencing significant developments across various sectors as of January 7, 2025.

Economy and Inflation

Economic Growth:

• Projections are that the US economy will grow by about 2.2%- 2.5% in 2025 due to full employment and price stability.

Inflation:

• Personal consumption expenditures (PCE) rose by 6.4% in 2023, with Florida leading at a growth rate of up to 8.1% and Iowa at a low pace of only 4.7%.

Bureau of Economic Analysis

Unemployment and Job Market:

Job Openings:

• In November 2024, there were 8.1 million job openings, up from the forecasted 7.7 million.

Services Sector:

• The ISM’s non-manufacturing index for December rose higher than predicted, indicating strong service sector activity.

Stock Market and Bonds

Treasury Yields:

• With strong economic data, US Treasury yields have hit an eight-month high, with the government bond yield on a ten-year note reaching around 4.7%.

Stock Market:

• Positive economic data pushed the S&P 500 and NASDAQ downwards on concerns that the Federal Reserve’s interest rate policies could be affected.

Politics

Presidential Election:

• On January 6, 2025, Congress confirmed Donald Trump’s re-election as President during the recent presidential contest held in 2019, marking his return to the White House.

Debt Ceiling Concerns:

• According to Fitch Ratings, the debate on the US debt ceiling is not likely to be resolved promptly, even though Republicans control the government due to fights over spending within the party.

Corruption and Legal Matters

Trump’s Legal Challenges:

• Jack Smith, a special counsel, reports on his criminal cases against Donald Trump to Merrick Garland, an attorney general.
• Trump’s legal team wants this report kept confidential and has called it an “unlawful political stunt.”

Factors Affecting Americans

Climate Risk Considerations:

• Home buyers increasingly turn to climate risk assessments in evaluating properties, such as platforms like Zillow, that offer climate risk scores indicating potential damage from flooding, fires, and winds for the next 30 years.

In conclusion, the US negotiates a tricky terrain with strong economic indicators, political turnovers, and emerging issues in climatic risks of fiscal policies.

Gustan Cho Associates and Subsidiary Sites:

Gustan Cho Associates Mortgage Group (NMLS 2315275) is a dba of NEXA Mortgage (NMLS 1660690). Licensed in 48 states (MA & NY pending), including Washington, DC, Puerto Rico, The U.S. Virgin Islands, and Guam, NEXA Mortgage ranks as one of the largest, if not the largest, in terms of licensed loan officers and volume, mortgage broker, and correspondent lenders in the Nation.

Scope of Work and Mission

Gustan Cho Associates assists borrowers with business, commercial, and residential loans. Not only does Gustan Cho Associates offer competitive rates, but over 80% of our borrowers are folks who could not qualify at other mortgage companies due to overlay or the lenders not offering the mortgage loan program for the borrower. This fact-checked statement confirms that the competition has nothing to say. With a lending network of 280 wholesale lenders (not including commercial lending programs) licensed in 48 plus states, with very competitive rates, it will be difficult, if not impossible, for the competition to come close.

A One-Stop, All-in-One Mortgage Superstore

Consumers often ask mortgage companies what they specialize in. This is a great question. The valid answer differs for each mortgage lender. There are mortgage lenders that specialize only in non-QM loans. Other lenders do not touch government and conventional loans. Credit unions often only offer conventional loans and not government-backed loans. Most mortgage companies do not offer any business or commercial loans. Gustan Cho Associates has a national reputation for being an all-in-one, one-stop national mortgage superstore.

Below is a comprehensive description of the company:

Core Services and Loan Products Traditional Mortgage Products

Conventional Loans:

• Conventional loans are offered to people with good credit ratings as they fall under prime loans.
• Fannie Mae and Freddie Mac are included in this class.

FHA Loans

• FHA Loans help mitigate poor credit scores, such as those of self-employed clients with a high debt-to-income ratio.

VA Loans:

• These home buyers are veterans or current service members and don’t have to make a down payment.

USDA Loans:

• The requirements for these loans are comparable to those for VA and FHA loans, except no down payment is required to qualify.
• However, they are restricted from purchasing a designated home in rural land.

Non-QM Loans

Bank Statement Loans:

• Bank statement loans are for self-employed individuals with sufficient cash flow to maintain normal income verification requirements but who do not reach them.

DSCR (Debt-Service Coverage Ratio) Loans:

• DSCR loans are aimed at real estate investors who want to include rental income in the qualification requirements.

No-Doc Loans:

• This type of loan is granted without requiring borrowers to provide proof of income, so the income level does not matter.
• It was created for those with high liquidity or who are self-employed.

ITIN Loans

• ITIN loans allow people to purchase a house without legal permission from U.S. residents. This class includes illegal immigrants.

Specialty Loan Products

Fix-and-Flip Loans

• Short-term loans are used by those who purchase property that must be renovated and sold.

Construction Loan

A construction loan seeks to finance the sequential construction of a building for builders and homeowners.

• The same doing on its level may again be within a construction context, taking a scope and developing a new building.

Construction to Commercial Loans

• Among more common, CCC or construction to-commercial is its divergence from the more common form of building construction on which many construction firms focus heavily in today’s market.
• Lenders design a construction loan for homeowners wishing to build a home on a piece of land, directing funds exclusively to finance construction projects.

Commercial Loan

• With a commercial loan, the financing covers the purchases or refinancing of multifamily units, mixed commercial, real estate development, and a few other commercial projects.

Hard Money Loans:

• For this profile of borrowers desperate for capital recall, these loans make the transition between lenders despairing and lenders friendly owing to extreme urgency.

Key Features and Differentiators:

From the credit history aftermath of banks shunning these borrowers with low scores, GCA Mortgage Group differentiates itself with various features. It has gone as far as having borrowers with surrounding credit scores of less than five hundred or those wishing to graduate from their debts that were toilets and earlier bankrupt, and lenders aid them in earning months ago.

Private lenders commonly impose and/or usually expect their borrowers to have as overlays any restrictions they wish to impose on them. However, they do not infringe on the agency rules, which Fannie Mae, Freddie Mac, FHA, VA, and USDA tend to comply with.

Gustan Cho Associates is a prominent national mortgage company with a team of government experts, conforming, nonqualified, and nonqualified mortgages. It currently ranks best in the industry due to its extensive range of self-employed businesses and mortgage solutions for investors and borrowers.

GCA Mortgage Group is in various parts of the country, with licenses in multiple states.

Ortal only provides unparalleled service to its customers. At the same time, GCA has gained recognition in the market for its fast and clear solutions.

Social Media

Website:

• Gustan Cho Associate claims it is the best platform for applying for a loan.
• It is important for borrowers because it has many informative resources, such as qualification requirements, loan plans, and blogging content about mortgages.

GCA Forums:

• A GCA Forum aims to bring customers and professionals together to discuss their mortgage needs and other experiences in the sector.

Educational Content:

• Blogs, videos, and guides on fixing credit, declaring bankruptcy, non-QM loans, and purchasing a home enhance search optimization.

Leadership

• The firm is operated by professionals who possess relevant industry expertise and many years of practice:

Gustan Cho:

• Gustan, a veteran mortgage expert, is the founder and chief motivator of the company.
• He has a vast wealth of experience and particularly aims to assist unbanked borrowers, which, in combination with GCA Mortgage Group’s reputation, has been the primary driver of innovation.

Target Audience

Low Down Payment First-Time Homebuyers:

In addition to providing almost no down payments, we guide first-time homebuyers through the entire home-buying process in depth.

Credit-Challenged Borrowers

People who already owe loans but have experienced some bad credit history or faced some bad financial events are the kind of audience GCA targets.

Self-Employed Applicants

Programs that don’t require extensive documents and use a few techniques like self-reporting are acceptable.

Property Investors: Targeting the investment market with various products, including DSCR and fix-and-flip loans.Investors in Commercial Real Estate: Multifamily, mixed-use, and commercial properties are collateral-based loans.

Customer Testimonials

The borrowers of GCA Mortgage Group gave the following compliments:

• Responsiveness. The pre-approval process takes less time, and consultations can be conducted on the same day.
• Expertise. I have good knowledge of niche lending programs and other related underwriting programs.
• Advocacy. Effects of Trying to Get More Approvals in Difficult Circumstances.

Vision and Mission

The company’s vision is to increase the volume of the target market for home ownership. Its purpose is to facilitate the broad spectrum of potential borrowers by providing various inventive, flexible, and simple mortgage products while enhancing its citizens’ economic literacy and quality of life.

You can contact them through their team or websites to browse through different loan options and get more personalized assistance.

California Governor Caught Plotting Against Trump to Use Tax Dollars Inappropriately. With only 2 weeks to go before Former President Donald Trump takes office, blue state governors are gearing up for how to go to battle over Trump’s immigration policies, that is the number one item on these big state agendas. Why are they so concerned with Trump’s plan to remove the criminal illegal migrants from their states? Why are they coming out publicly opposing Tom Homan, Trump’s new border czar? Well we may have some answers after an internal memo was leaked to politico from an insider on California Governor Gavin Newsom’s team, from his office. Detailing how Gavin Newsom plans to fight Donald Trump’s mass deportations, and using tax dollars to do it!

https://youtu.be/lSiGW3czdbg?si=H4Ra2RhnVDR-96Te

The City of Chicago has a major budget deficit. Chicago is outspending Los Angeles, New York, and other major big cities

What Chicago needs is an office of government efficiency. Get rid of Incompetent Mayor Brandon Johnson and other leaders without a clue

https://youtu.be/zVJli70qr7Y?si=kPQ9oqtxhT7JqsqH

Here is a link about an economist aggressively forecasting mortgage rates will drop under 4% in 2024. Could 2024 be a bull market for loan officers? Out of 150,000 loan officers, close to 100,000 either left the mortgage industry completely, retired early, or let their NMLS licenses expire and are in a different industry or thinking about going into a different industry. Hundreds if not thousands of mortgage companies, whether they are mortgage bankers, correspondent lenders, or mortgage brokers went out of business in 2023

https://youtu.be/aWePq5–Seg?si=L2Q_8ad8MFchhyuK

Below is a concise overview of the mortgage, real estate, and business updates for the week of December 23 to December 28, 2024:

Mortgage Rates and Housing Market Trends

Mortgage Rates Continue to Rise:

• For the second time in a row, mortgage rates have surged since July and now stand at 6.85 percent.
• This is an increase from 6.72 percent, which stood last week.
• The rate for a 30-year fixed mortgage has also hiked again, breaking 6.61 percent this time last year.
• This also means it will keep increasing, as we saw it hit 6.89 percent in mid-July.
• In addition, 15-year fixed mortgages surged, with rates reported at a whopping 5.92 percent compared to 5.84 percent.
• As we enter the new year, the economy is expected to boost purchase rates to assist with the surging problem of undersupplied homes in the market.

Homeowners Costs Are Increasing

A rising trend indicates that homeowners are now spending more on property taxes and home insurance than they are reportedly spending on mortgages. The average single-family mortgage is set at 32 percent for property taxes and insurance, which breaks records as it’s the highest rate since 2014. The driving factor for this trend is the natural disasters that caused home values to skyrocket.

The Pirates of the Caribbean

Or, as I like to call them, the New York upstate, Omaha, New Orleans, and Miami Pirates that own homes. They are the worst, and so are mortgage holders because they pay more than half of their monthly payments on taxes and insurance. The average rate of this has grown to 7 percent, making owning a single-family single-family home a life of misery. And speaking of home buying in general, mortgage payments are high, no thanks to the recent rate cuts. In both 2014 and now, buying a home is a huge hassle for the rich and the poor, and I can assure you that this is only the start of our problems.

Advancements in the Real Every Field

Let’s start with Rocket Homes

• The CFPB also sued Rocket Homes for its alleged actions, in which the brokers were asked to purchase mortgage holder services from their company.
• The back-and-forth in this lawsuit goes deep, but to keep it short, the JMG Holding firm’s Jason Mitchell also comes into play within these allegations.
• Rocket Homes argues against the CFPB’s stance, enabling them to go at ease again.

Sadly, the CU building has also come under heat to be able sexual misconduct scandals with the inclusion of Master Batters: the brokers, Tal and Oren, go on to expose how eXp is real.

The recent allegations raised questions of integrity within a predominantly female industry sorely constructed by male figures. Detractors note the industry’s rampant culture, where safety precautions and a proper supervision hierarchy that controls malfeasance are non-existent. Pioneers such as the National Association of Realtors have tried devising policies that will help foster a balanced, safe, and upbuilding environment.

The sale of loans in multifamily commercial real estate by HomeStreet Bank

In a transaction that involved Bank of America, HomeStreet Bank went on to sell $990 million in unpaid principal balance of loans for almost $906 million. This translates to a 92% value of the loans. The only reason why this discount was given was due to the current interest rate environment and the lower yield of the loans. The deal is projected to aid HomeStreet in recovering from the multiyear loss and assuage investors worried about the previous halted merger with First Sun Capital Bancorp. Funds raised from the transaction will primarily be focused on addressing debt and looking for cheaper capital. The final date for the completion of the transaction is December 31. On the other hand, Home Street is expected to continue servicing the loans.

Forecast of Commercial Real Estate

The commercial real estate sector has been conditioned by various challenges, including the constant rise in interest rates, constantly decreasing supply, and high production expenses.

The hybrid and remote work trend has severely affected the office space market. And even now, despite a rather remarkable cutback from the Federal Reserve, long-term rates are elevated, making sales and refinancing more complicated than necessary. A massive 570 billion dollars worth of commercial real estate loans are due by 2025. These loans will most likely experience a cash flow deficit, while some may even face massive refinancing difficulties. The assumed Trump administration portrays promising tax structures and lower regulations as policies that further bolster the population’s confidence. The online shopping boom brought a sharp increase in demand for industrial supply. However, this has recently stagnated and is anticipated to bounce back when the newly available supply is subdued and demand rises. The growth of e-commerce stimulates future demand for industrial space. 2025 will likely be the year when this wheel starts rolling again. But we still have to navigate slow economic growth and tough refinancing circumstances.

Expected Housing Market Scenario

Expected changes in the 2025 housing market:

Towards 2025, hope is presented to future real estate hopefuls who have navigated on that tough terrain the last couple of years, as most are expected to find the housing market easier to deal with. There are predictions that mortgage rates will increase slightly over the 6% threshold, which will cause more listings to become available and slow the increase in the value of these listings. As the rate of interest declines, it is expected that more US citizens will be willing to relocate, aiding the housing inventory.

The current housing supply is likely to witness an uptrend growth of about 11.7%, which would dampen the competition with a more controlled price increase. However, they expect a remarkable rate decrease since they are most likely to follow the return on the 10-year treasuries, which may stay high if inflation continues. Overall, during 2025, there are high chances of the rates being more favorable for the buyers due to a high supply, alongside the mortgage rates being slightly lower than they used to be.

Lennar Homes are slashing their new home prices by 25% in 2024. CEO of Lennar admits their mortgage division is experiencing delinquencies and a higher number of debt to income ratio from consumers. Lennar Homes is America’s second largest New Home Builder.

https://youtu.be/6mmQ2TEoK-g?si=nj2aidmYgL_awc8N

Mortgage and Real Estate News Weekend Edition: Market Wrap-Up Update (December 16 – December 21, 2024):

Mortgage Rates

Current Rates:

• The average 30-year fixed mortgage rate is steady at 6.4% as of December 21, with the average fifteen-year fixed in the 5.8% region.
• The ongoing stability during a slow period provides some relief to home buyers.

Market Influences:

• Inflation figures and the Federal Reserve’s message on the likely direction of interest rates have contributed to fluctuations in existing economic indicators, keeping mortgage rates slightly further tempered.

Home Sales Activity

Existing Home Sales:

• In November, the National Association of Realtors registered a surge of 1.5% in existing home sales.
• This increase signals a boost in buyer activity for that month, caused primarily by seasonal changes and a subsequent boost in buyer activity.

Pending Home Sales:

• The market shows signs of strength going into the new year, as pending home sales also bumped by 2.3% during November.

Housing Inventory

Inventory Levels:

• Despite the increase in sales, housing inventory remains tight.
• The current supply of homes is around 2.7.
• This number is fairly low compared to the historical average of six over the months.

New Listings:

• In December, new listings noted an increase of 4%, which is commendable.
• This further shows that despite sellers’ affordability challenges.
• There is still a willingness to join the real estate bandwagon.

Home Prices

Price Trends:

• The median existing home price has served as a foremost determinant in history.
• The average selling price at the national level was $370,000, down almost two percent compared to the past year.

Regional Variations:

• Particular regions within the Southern and Midwestern parts of America are either showing slight rises in value or stabilization of values, in contrast to the major restructuring occurring within the Californian and New York markets.

Foreclosure Rates

Foreclosure Data:

• Financial strains on borrowers rapidly increase, resulting in foreclosure filings soaring by 10% in the last month.
• Significant activity has been done in foreclosures in Nevada and New Jersey.

Government Response:

• Local governments are trying to implement support measures for families facing foreclosure.
• These measures incorporate counseling services and monetary support.

Regulatory Developments

Federal Reserve Meetings:

• Over the recent months, mortgage rates have demonstrated signs of higher stability than in the past.
• This is due to the federal funds rate remaining steady after the Federal Reserve’s recent meeting.

Legislative Initiatives:

• Congress is paying attention to ongoing discussions on amending housing policies such as zoning laws and increasing funding for affordable housing.

Market Outlook

Outlook Towards 2025:

• Analysts expect the housing market to stabilize further in early 2025 if there are more sellers since there might be more inventory.
• However, other headwinds, like high mortgage rates and economic uncertainty, may continue to dampen buyer demand in the property market.

Affordability Constraints:

• The affordability constraint continues to be serious, especially for first-time buyers.
• More attention to the developments of economic factors and interest rate fluctuations will be very important for the housing market’s health in the months close to the elections.

The picture of the mortgage and real estate market between 16 and December 21, 2024, resembles a guarded optimism given the developing challenges. There are signs of home sales picking up modestly and mortgage interest rates stabilizing, which is positive. In contrast, supplies and affordability remain key drivers in the lead-up to the new year. The key economic indicators and regulatory measures have given clues on what to anticipate in housing for 2025.

• This discussion was modified 1 year, 2 months ago by  Gustan Cho.
• This discussion was modified 1 year, 2 months ago by  Gustan Cho.

Joe Biden claims he is Honest Joe Biden

https://www.youtube.com/shorts/b5T_QKbnJ1Q

Can diabetes cause blindness?

Improving the curb appeal of our home with landscaping

What are the basic safety rules for handling firearms?

Globalist and Democrats believe in depopulation especially Bill Gates, Joe Cheatin Lying Biden, Barack and Michael Robinson Obama

https://youtube.com/shorts/Fey6xVCWxzo?si=7KCqBwbJA7qOzFhM

This video clip is funny. Pranking a guy until he literally goes nuts.

https://www.facebook.com/share/r/Z1LV4FFvHHBExZ2A/?mibextid=D5vuiz

facebook.com

Please HOLD 📞 | Billy Rosewood IV | you_funny_fooker · Original audio

Please HOLD 📞. you_funny_fooker · Original audio

What is the difference between AXEN Mortgage and NEXA MORTGAGE?

You may have heard about the lawsuit where the National Association of Realtors was sued whereby the Plaintiffs alleged that NAR conspired to inflate commissions for Sellers, also alleging that Buyers would pay their own brokers, if not for NAR basically holding Sellers hostage to getting their properties listed on the MLS. As I read some of the commentary, it sounds as though the Plaintiffs allege price fixing, and lack of transparency in real estate transactions. WOW! Is all I can say to that. Being a Realtor for going on 32 years now, I would have to disagree with some of this. From the very first class, the trainers beat it into our heads that commissions are negotiable. That agency relationships must be disclosed to buyers and sellers. That dual agency must be approved by both the buyer and the seller and they must both understand what fiduciary duties they are giving up because of the dual agency arrangement. Disclose, Disclose, Disclose is what we heard. Now as the market has changed on a dime, we are seeing anything and everything but fixed prices. Commission rates are all over the place in our market, and that is because they are NEGOTIABLE. Of course there can always be some bad actors out there in the marketplace, but to try to change a business practice that helps buyers buy, and sellers sell, and allows them the right to negotiate their price, terms and commission rates with their brokers and each other, I believe would be so disruptive and counterproductive, that the parties will just find new ways to negotiate around it.

To pay today’s real estate commission, a seller factors that into his asking price, and so does the entire market place. If that changes and the buyer now has to pay his own broker, then the pricing of homes will need to decrease, and sellers will not be happy. Or, Buyers will need to offer a higher price and ask for Seller Concessions to help pay the buyer’s real estate commission, because Buyers will still be shopping with a limited amount of money to make their purchase, and will require down payment help, closing cost help, and now lets add on Buyer commission help? So all of you real estate agents out there, better start letting your voices be heard to your local, state and national associations about this issue. And BTW, all you mortgage brokers, you need to put in your commentary as well, because this can have a huge impact on getting your borrowers qualified, if they now have to start coming up with a Buyer’s side commission, along with all the other costs they pay on the ALTA. Personally, my hope is that this gets appealed and overturned, because we don’t need to turn an entire industry upside down to make improvements in transparency and fair dealing. We can do that by self regulating ourselves, as we have been doing for over 100 years. I would love to hear your thoughts on this lawsuit and where you think we might be headed because of it.

Can you please explain what POS means and how you can make money 💰 with POS with small business owners?

Mortgage Rates are finally dropping fast. JEROME POWELL, The Chairman of the Federal Reserve Board announced yesterday the Feds will not be increasing interest rates for the past two Fed meeting which caused mortgage rates to plummet. The 10 year treasuries started plummeting the past few days from a high of 5.0% to 4.66%

Needed 100% financed loan for a Condo purchase
I was approved in July for a 100% financed loan for a condo conversion.

Not sold are 50% of the units in this condo conversion, so I was placed into escrow some time ago (extension). This lender requires 50% of the units to have sold prior to funding the loan.

Well due to the length of time it has been, and the volatile mortgage market, I am now not qualified for 100% from this lender. They say I will now need to put down at least 10%. The property is 335K.

My Question now is this: Is there any lender out there that WILL APPROVE 100% financing for a condo conversion? My Fico scores are: 636, 622, 605

Thanks in advance for all your help!

Kamala Harris spent $1 Billion Dollars on her campaign in just 100 days. Not only did Kamala Harris spend one billion in just two months, but she is 20 million dollars in the hole. It turns out that Kamala Harris paid many celebrities for their endorsement: Beyonce was paid $10 milliion. Where is My Daddy Podcast was paid $100,000. Al Sharpton was paid $500,000, the list goes on. How can someone spend over one billion dollars and not win? How can Kamala Harris spend a billion dollars in two months and be negative 20 billion and consider herself fit to become President of the United States? Can Kamala Harris get in trouble for this? You can help out so many poor families with a billion dollars. Is this campaign fraud?

https://www.youtube.com/watch?v=4NRiRPe7mfw&ab_channel=KREM2News

Congratulations to former President Donald Trump. On November 5th, 2024, Former President Donald J. Trump and Senator JD Vance won the Republican ticket to the White House. Kamala Harris and her running mate Tim Waltz lost the Democrat ticket to the Presidency after Kamala Harris spent $1 billion dollars and is $20 million in debt. There are still staff members who are due their paychecks and are waiting.

Here are a few relevant points to consider:

Political Implications of Election Results

Impact on the Republican Party: Trump’s nomination could unify different factions within the GOP or exacerbate divisions, depending on how his campaign is received by various voter demographics.

Democratic Strategy Moving Forward: The outcome of Kamala Harris and Tim Walz may prompt the Democratic Party to reassess its strategies, messaging, and candidate selection for future elections.

Campaign Financing: The mention of significant campaign spending and debt raises questions about campaign finance regulations and money’s political influence.

Staff and Campaign Management: The situation with unpaid staff can affect morale and the overall effectiveness of a campaign. It highlights the importance of financial management in political campaigns.

Voter Sentiment: Understanding voter sentiments and the issues that matter most to them will be crucial for both parties’ preparations for the general election.

https://www.youtube.com/watch?v=9iCphDSLvVQ

I’ve come to the conclusion that marriage or the Covenant of marriage is under attack. It seems that more than ever before husbands and or wives are giving up instead of fighting for the marriage. This is a serious issue in our current culture.

Why is it that people are giving up in this modern day culture? Why are people failing to see the value of fighting for marriage?

Deception! We are fighting a fight with God’s enemy. Satan is hell bent on destroying the Covenant relationship. The Covenant of marriage is a beautiful thing and in its proper place and order in proper alignment with the Covenant we have with God the Father through Jesus Christ’s incredible gift on calvary, we can find the beauty of what God intended for us.

Love is being willing to lay down one’s life for someone else. In a marriage we are going to find that our mate isn’t always doing things we like and certainly aren’t always easy to love. It’s not the actions we need to love. If we base our decisions to love based on what they do instead of loving them because we decide it’s the right thing to do we will always be on a roller coaster ride that feels like it will never end.

The apostle Paul tells us in the first letter the the church of Corinth in chapter 13 verses 4 to 8 love is patient and kind; love does not envy or boast; its not arrogant or rude. It does not insist on its own way; it’s not irritable or resentful; it does not rejoice at wrongdoing., but it rejoices with the truth. Love bears all things; believes all things hopes all things; endures all things. Love never ends.

Imagine this being you he’s describing. Speak this with your name in each line. Now do the same for your spouse. Do you see how powerful this is? This is what we are called to do. We are called to do this for our spouse and others.

If you find yourself contemplating your future with your spouse, stop and consider what did Jesus do for you and me? He gave everything on the cross on Golgotha. He said in his dying breath Father forgive them for they know not what they do. We are called to lay down our rock like he convinced the men looking to stone the woman found in sexual sin. He wants us to lay down our Grievances toward one another and leave our incredible baggage at the cross for him to carry. Then pickup our cross realizing that it’s gonna hurt and follow him.

Oh, that’s not a popular statement is it? Everyone wants to believe when you come to Jesus it’s going to be rainbows and unicorns, but that’s never promised to us. We are promised that we will see trouble and we will have sorrow but that joy comes in the morning. We are promised that if we follow him we can have peace that passes all understanding.

So what are you waiting for? Focus on staying healthy in your relationship but if you’ve messed up and everyone does. Forgive and help your spouse find their way back to repentance and restoration with Christ Jesus. This is the message of the Gospel. I’m so glad to know and be able to walk in this and I hope this helps someone stay and stand for their marriage just like me. It’s worth it to fight. God’s already won. I know…

I read the end of the story. You can too.

About time

Home prices in Chicago South Loop are plummeting. Sellers are lowering prices and offering incentives. This correction is continuing throughout the city and Suburbs. Expect the downturn to continue in Chicago and other cities. Stay tuned

How does the Ground Up Spec Builder Construction work?

It’s over folks. Comcast, the parent of MSNBC is up for sale. Viewership at MSNBC dropped 51% due to anti-Trump and anti-Republican stance. Major layoffs is also expected. On another note, CNN lost 21% of its Viewership

The mainstream media is on life support.

It is reported that Oprah Wilfrey was paid one million dollars by the Kamala Harris campaign. The Democrat Party is deteriorating and deteriorating fast

Many Democrat states are losing citizens changing parties to the Trump Team.

https://www.youtube.com/live/rdyMVnYBw1w?si=ZIiFLCLNsh7HI4DB

I have been in the same line of work for 25 years but went from W2 to 1099 in August of last year, and my husband is always W2 as he has been a teacher for 20 years. Can we use our combined income? We will have 3.5-5% down and are currently working to pay our credit card debt to below 30%.

CNBC Jim Cramer and Crooked Media announced the economy is going strong and job opportunities are strong and little unemployment therefore interest rates should go higher. What are they thinking?

• This discussion was modified 2 years, 5 months ago by  Sapna Sharma.

What is affiliate marketing and how do you get started? Can you make good money with affiliate marketing? What are the step by step process in getting started and becoming successful with affiliate marketing?